U.S. New Home Market Cap Highest Since August 2006

The market for new homes in the U.S. is continuing its recent torrid pace. Based on the latest sales data reported by the U.S. Census Bureau, the preliminary nominal estimate of the market capitalization for new homes was $30.6 billion in August 2020.

Taking the trailing twelve-month average of the market cap for new homes to factor out seasonality in the data while factoring in data revisions in previous months, we estimate August 2020’s adjusted market cap to be $25.76 billion. In nominal terms, this is the highest this figure has been since August 2006, which can be seen in a chart showing the historical market cap data going back to January 1976.

Perhaps more remarkably, the median sale price of new homes sold in the U.S. fell to an initial estimate of $312,700 in August 2020. The initial estimate of the average sale price of a new home sold

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Care Home Workers Suffer Covid Trauma, Anxiety: Study

As Covid-19 began its spread throughout Europe, northern regions of Italy — home to a high proportion of elderly people — were at the frontline


MARCO BERTORELLO

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Nearly half of care home workers in northern Italy may be suffering from post-traumatic stress or anxiety following the first wave of the pandemic, new research showed Wednesday.

As Covid-19 began its spread throughout Europe, northern regions of Italy — home to a high proportion of elderly people — were at the frontline as intensive care units were inundated with patients.

While much attention was focused on the physical health of first responders and doctors, far less study has been given over to the mental well-being of the nurses, cleaners and caterers at care homes.

Researchers in Italy and Britain conducted an anonymous survey of more than 1,000 care home workers to check their levels of stress and anxiety after months

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CrowdStrike: More Like A Home Run (NASDAQ:CRWD)

Investment thesis

CrowdStrike (CRWD) is a best-in-class, disruptive cybersecurity solution that will reward shareholders for years to come. They are leading the transformation of an outdated paradigm for cybersecurity solutions. CRWD’s highly desirable products and continued revenue hypergrowth all in the face of a major economic crisis have demonstrated their value as mission-critical. Although carrying an apparently high valuation, it is in line with other high-growth peers despite CRWD’s revenue growing much more rapidly. I believe that their persistent, demonstrated growth will continue, including a forecasted revenue CAGR of 64% from 2020-2023. This leaves significant potential upside for its stock price in the coming years (likely 2-3x or more), and will reward patient shareholders.

Qualitative

Mission and Narrative

CrowdStrike was founded in 2011 by George Kurtz and Dmitri Alperovitch “to reinvent security for the cloud era.” They describe their product as “the first multi-tenant, cloud native, intelligent security solution capable

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California law prioritizes people over corporate home-buyers

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FILE – In this Jan. 7, 2020, file photo, men hold up signs at a rally outside of City Hall in Oakland, Calif., in support of more housing. Tenants, affordable housing groups and local governments will soon get first crack at buying foreclosed homes in California. A bill approved Monday, Sept. 28, 2020, by Gov. Gavin Newsom is designed to keep corporations from snapping up homes and letting some fall into disrepair as they did during the Great Recession.

AP

Tenants, affordable housing groups and local governments will get first crack at buying foreclosed homes under a measure approved Monday by Gov. Gavin Newsom.

The bill is designed to keep corporations from snapping up homes and letting some fall into disrepair as they did during the Great Recession. The issue drew national attention a year ago when several homeless mothers calling themselves Moms 4 Housing moved

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Woman posing as CPS worker attempts kidnapping in WV: police

A woman claiming to be with Child Protective Services showed up at a house in Logan County, West Virginia, without a car or paperwork before an attempted kidnapping, the sheriff’s office said.

The suspect made the resident take a urine drug test and examined her child, according to the Logan County Sheriff’s Office. After doing so, the woman is accused of attempting to take the child.

Once the victim realized the woman didn’t have a car or any paperwork, she called authorities, the sheriff’s office said.

Deputies called the county’s CPS agency as well as those in surrounding counties, officials say, but none sent a worker to the victim’s house. They also had no reports about the child the suspect allegedly tried to kidnap.

The sheriff’s office said all CPS workers are required to wear credentials identifying them as such. CPS workers also must have a court order with them

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Home Depot and Lowe’s care about aging homes, not new houses

  • New housing starts soared over the summer, but that doesn’t matter much to home improvement retailers like Home Depot and Lowe’s.
  • Speaking at Goldman Sachs’ virtual retail conference this week, the CEOs of both companies clarified that their businesses are not dependent on new home construction.
  • In fact, Lowe’s CEO Marvin Ellison said that the aging housing stock in the US is good for business. 
  • “If you’re living in one of those aging homes, it’s going to lend itself to you making those investments to modernize,” he said.
  • Visit Business Insider’s homepage for more stories.

When it comes to the home improvement business, fixing up an older home is a far more lucrative than building a new one from scratch. 

That is at least the case for retailers like Home Depot and Lowe’s. The CEOs of both companies recently made comments during Goldman Sachs’ annual Global Retailing Virtual Conference suggesting

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Will a Housing Market Crash Affect Home Depot Stock?

Will the housing market crash again? Maybe. Many aspects of the economy are cyclical, and housing prices do occasionally fall. Is a housing crash imminent? That’s harder to answer.

Some have sounded the alarm on housing for good reason. Consider the famous Case-Shiller Home Price Index, an inflation-adjusted metric created by Standard & Poor’s tracking housing prices. The index’s value was 100 back in the year 2000 and had been close to 100 when applying the index’s criteria backward to the 20th century. But since 2000, it has risen above 180 on two occasions. The first time preceded the housing crash of the Great Recession.

The second time the Case-Shiller index exceeded 180 is right now. In reality, it passed the mark way back in 2016, and it’s currently around 215. So no need to panic: Crossing 180 doesn’t immediately flip a housing-crash switch. It just shows housing prices have

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A Major Security Gap In Duty Of Care Of CEOs And Board Directors?

Last week, I wrote an article on CyberSecurity on my Forbes Channel and it was the highest read blog article since I started writing for Forbes. This blog examines the impacts from Cybersecurity, but from the increased realities of working at home, and the impacts that security operations have become more complex. Security focus is now turning to how we all connect and have access with identify control technologies being at the top of cybersecurity risks as more entry points equals more risks.

Cloud security is a major area for focus in the data protection sector and many are now discussing the increased risks of the home office as companies need to understand perhaps all the technology enablements in their employees home offices.

A few key questions to reflect upon: what are the risks of having multiple users in

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Kurt Busch ends 0-for-21 skid to finally win at home track

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Denny Hamlin pits during a NASCAR Cup Series auto race Sunday, Sept. 27, 2020, in Las Vegas.

AP

Two decades of heartbreak at his home track finally ended for Kurt Busch when a little bit of luck fell his way at Las Vegas Motor Speedway.

Busch happened to be the leader when a late caution Sunday night jumbled the field and put him in control of his 0-for-21 losing streak in his hometown. He had three magnificent restarts, including one in overtime, to steal a vital playoff race.

The good timing helped Busch sneak his way into the third round of the NASCAR Cup playoffs. He had been ranked last among the 12 title contenders before the race; now he’s guaranteed a slot in the round of eight.

“This is 20 years of agony and defeat and today triumph,” Busch said. “I don’t know if I

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Architect And Designer Scott Gillen’s Latest Home In The Malibu Series, Case No. 3, Hits Market For $75 Million

Malibu designer and architect magnate Scott Gillen is disrupting the real-estate industry one multimillion-dollar home at a time.

Gillen, a former stunt driver and commercial director, founded UnvarnishedCo., a unique brokerage that conceptualizes, builds and lists homes. He personally directs, designs and develops each home and brings in Los Angeles’ top real-estate agents to close sales. Gillen has developed more than 30 homes for wealthy Los Angeles residents, yet it’s his most recent project, The Malibu Series, the most exclusive private residential development in the country, that is making headlines.

In 2017, Gillen purchased 24 acres of undeveloped, oceanfront land in Malibu for a record-breaking $50 million. He is transforming this land into The Malibu Series, a 15-home package of architecturally significant properties, which will be worth more than $500 million once complete. Properties within

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