Reeves drives building projects to 12-year low with Budget raid [Yahoo! Finance]
CoStar Group, Inc. (CSGP)
Last costar group, inc. earnings: 4/28 04:02 pm
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Source: Yahoo! Finance
to high costs, rising office vacancies, and uncertainty over Chancellor Rachel Reeves's tax-raising Budget. The construction industry is bracing for the impact of increased employer national insurance contributions and rising labour costs, which are already 33% above mid-2020 levels. Office development has been particularly affected, with new starts falling to a record low, while retail and warehousing construction have also declined. Commercial property development has slumped to a 12-year low in the run-up to Rachel Reeves's tax-raising Budget , data show. Hardly any developers began office, retail or warehousing projects in the three months from July to September, after Labour took power. According to analytics business CoStar Group, only 8m sq ft of commercial space started on site across the UK in Q3 2024, equalling around 122 football pitches. This was the lowest level since Q3 2012, when new starts totalled 6.6m sq ft. Between July and September this year, persistently
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CSGP
News
- CoStar Group, Inc. (NASDAQ: CSGP) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $90.00 price target on the stock.MarketBeat
- CoStar Group Partners with eXp Commercial to Provide Expanded Technology SuiteBusiness Wire
- CoStar Group Insiders Sold US$8.4m Of Shares Suggesting Hesitancy [Yahoo! Finance]Yahoo! Finance
- 365 Connect Releases Junk Fee Act Compliance Feature Across Its Marketing and Leasing Platform [Yahoo! Finance]Yahoo! Finance
- CoStar Group, Inc. (NASDAQ: CSGP) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $100.00 price target on the stock.MarketBeat
CSGP
Earnings
- 10/22/24 - Beat
CSGP
Sec Filings
- 12/12/24 - Form 4
- 12/12/24 - Form 4
- 12/10/24 - Form 144
- CSGP's page on the SEC website