Homebuilder confidence holds steady this month
U.S. homebuilders’ confidence in the housing market held steady this month, but many are worried that another fight over the federal budget could cause would-be buyers to put off home purchases.
The National Association of Home Builders/Wells Fargo builder sentiment index released Monday stayed at 54 this month. October’s reading was revised one point lower from its initial estimate.
Readings above 50 indicate more builders view sales conditions as good, rather than poor.
Foreign buyers increase holdings in U.S. securities
Foreign buyers of U.S. Treasury securities increased their holdings in September, suggesting many shrugged off budget battles in Washington to keep investing in U.S. debt.
Total foreign holdings rose 1 percent in September to $5.65 trillion, the Treasury Department reported Monday. That follows a 0.03 percent gain in August.
Holdings had fallen from April through July, possibly reflecting concerns about rising interest rates. In September, holdings were 1.2 percent below the record high of $5.72 trillion reached in March.Washington Post Co. now becomes Graham Holdings
The Washington Post Co. is changing its name to Graham Holdings to reflect the sale of its namesake newspaper.
The switch will become official on Nov. 29, and its New York Stock Exchange ticker symbol will change to “GHC” from “WPO.”
Washington Post Co. closed the sale of most of its newspaper business to Amazon CEO Jeff Bezos on Oct. 1.