Kumagai Gumi shares drop on new plans

Kumagai Gumi Co, a Tokyo Stock Exchange-listed Japanese construction firm, recorded hammering down of its shares. The stock suffered the most in over 13 years. The news that construction defects in a residential complex made Kumagai Gumi rebuild five apartments has hit hard shares and investors' confidence.

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New York's Apartments Are Getting Smaller as Rents Got Higher

New York's first micro-units apartment building will be launched in March. Smaller apartments are getting more popular as a living alternative because of the lower cost. New York City ranked second in a list of cities with the highest rents.

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