American Homes 4 Rent (AMH) announced yesterday that it had fired a group of workers after financial losses were reported in the second quarter of the fiscal year.

Sale of existing homes in the United States increased in the month of July, suggesting housing market recovery.

Japanese group LIXIL Corp completed its purchase of ASD Americas Holdings Corp for USD 542 million.

A state think-tank said Chinese banks have reduced loans on property developments in smaller cities because of the glut in unsold homes there.

GSW Immobilien said it would study the EUR 1.75 billion takeover bid of Deutsche Women before giving any comment.

The British government's 'Help to Buy' program increased Persimmon's spring sales.

Australian manufacturers underwent change in level of operations. The manufacturing industry was far from dead in the country down under. The face of the Australian manufacturing sector has been deemed not dead, just changing.

Ares Management and Ontario Teachers'Pension Plan said it will buy building products firm CPG International Inc.

An explosion rocked the commodities port of Umm Qasr in Iraq. Two workers said the port of Umm Qasr was hit by a blast. A major commodities port located near Basra, Umm Qasr is also one of the largest in Iraq.

A US regulator subpoenaed major metal warehousing firms after an alleged restriction of material inflated prices.