Housing Starts Reflect Anemic Multifamily Activity and an Underwhelming Single-Family Rebound
September construction activity was held back by surprisingly soft multifamily activity and a weaker-than-expected month for single-family starts. We expect that Hurricane Matthew will weigh on October's report, leaving less room to achieve our current outlook for 2016 residential construction. As a result, we've reduced our housing starts forecast to 1.15 million in 2016 from 1.19 million. Despite this haircut to our construction forecast for 2016, the long-term outlook remains bright. As mille...Toll Brothers designs, builds, markets, sells, and arranges financing for residential single-family detached, attached home, master planned resort-style golf, and urban communities. The company also designs, builds, markets, and sells urban condominiums through Toll Brothers City Living?. The company operates its own architectural, engineering, mortgage, title, land development, golf course development, and landscaping subsidiaries. The company also operates its own security company, TBI Smart Home Solutions, which provides homeowners with home automation and technology options. In addition, the company operates its own lumber distribution, house component assembly, and manufacturing operations.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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