Real Estate Market Showing Support Despite Interest Rate Hikes
FinancialBuzz.com News Commentary
NEW YORK, April 7, 2017 /PRNewswire/ --
The U.S housing market remains strong despite the Federal Reserve's decision to raise interest rate in March for the third time since December 2015. According to the National Association of Realtors (NAR), the Pending Home Sales Index, a leading indicator of future existing home sales, rose by 5.5 percent in February. The index is 2.6 percent higher compared with a year earlier and is at the highest level since last April. The NAR indicated that the potential for higher interest rates in the near future and the warm weather last month, helped boost the pending home sales in February. Holiday Island Holdings, Inc. (OTC: HIHI), BBX Capital Corporation (OTCQX: BBXT), Progreen US Inc. (OTCQB: PGUS), British Land Company (OTC: BRLAF), Hovnanian Enterprises, Inc. (NYSE: HOV).
Lawrence Yun, the chief economist of the NAR, stated, "Buyers came back in force last month as a modest, seasonal uptick in listings was enough to fuel an increase in contract signings throughout the country. The stock market's continued rise and steady hiring in most markets is spurring significant interest in buying, as well as the expectation from some households that delaying their home search may mean paying higher interest rates later this year."
Holiday Island Holdings, Inc. (OTC: HIHI) is a development stage company operating in the land development sector of the market. On April 4th the company announced, "that a regional rural medical/health services organization is opening a treatment facility at the Holiday Island Shopping Center.
Boston Mountain Rural Health Center (BMRHC) is a family and community health center with seven medical clinics located in medically underserved areas in northwest and central Arkansas. BMRHC offers a wide range of services for insured, uninsured, and underinsured patients.
BMRHC is leasing space beginning April 4, 2017 in the Holiday Island Clinic 1 that is one of two only health / medical facilities serving Holiday Island and the surrounding area. Their services include affordable family medicine, pediatric care, women's health, behavioral health, and nutrition services."
Gene Thompson, CEO of Holiday Island Holdings, said, "This development widely expands the health and medical services in the area. And, as previously announced, it is meaningful to our acquisition pursuit of Clinic 1, Clinic 11, and the Heliport."
Mr. Thompson continued to say that, "A successful acquisition of these medical clinics would immediately give the company high yield and occupancy income producing real estate properties and $1.5 million in fixed assets. Plus, it would give us a monopoly on the local medical services. The company's main goals for 2017 are to finalize a multi-million dollar fund raise and become a significant player in local commercial and residential markets at Holiday Island, Arkansas."
BBX Capital Corporation (OTCQX: BBXT) is a diversified holding company. Its real estate division, BBX Capital Real Estate, specializes in the development, operation, management, and investment in residential and commercial real estate and real estate lending. The principal operations consist of management of approximately $284 million in assets, including active investments, developments in master planned communities, multifamily rentals, single family and commercial assets, a diversified portfolio of performing and non-performing commercial and residential real estate loans, and a portfolio of real estate, including retail, multifamily rentals, industrial, office, medical office, student housing, residential and commercial land primarily in Florida.
Progreen US Inc. (OTCQB: PGUS), based in Bloomfield, Michigan, is engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) as well as through its majority-owned Mexican subsidiary Procon Baja JV (Procon). Contel is now active in the high margin produce industry, growing crops for exporters to the US market, with an abundance of land available for expansion under our JV partnership. Procon has recently acquired 5,100 acres of land with 4.7 miles of oceanfront on the Bay of El Rosario, for which a master plan is being drawn for the development of a very large, totally green, international vacation and retirement community called 'Cielo Mar.'
British Land Company (OTC: BRLAF) is one of Europe's largest publicly listed real estate companies. The company owns, manages, develops and finances a portfolio of high-quality UK commercial property, focused on retail and London offices and residential. British Land and Oxford Properties developed and own The Leadenhall Building as an investment in a 50/50 joint venture formed in 2010. Earlier in March, British Land and Oxford Properties had exchanged contracts for the sale of The Leadenhall Building to C C Land for a headline price of £1.15 billion.
Hovnanian Enterprises, Inc. (NYSE: HOV) is one of the nation's largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The company's homes are marketed and sold under the trade names K. Hovnanian® Homes, Brighton Homes® and Parkwood Builders. As the developer of K. Hovnanian's® Four Seasons communities, the company is also one of the nation's largest builders of active lifestyle communities. Hovnanian Enterprises reported results for its fiscal first quarter on March 8th, 2017. Chief Executive Officer, Ara K. Hovnanian announced the payment of $320 million of maturing debt that limited the company's ability to invest in land during fiscal 2016.
Please Sign Up Now at http://www.FinancialBuzz.com to receive alerts on trending financial news from all these companies. 'The Latest Buzz in Financial News'
Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated four thousand dollars for financial news dissemination and pr services by a third party non affiliate for holiday island holdings, inc. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com
For further information:
Media contact email: [email protected]
+1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com
Share this article