Yacht Owners Ditch Life on Land for the High Seas

Yacht Owners Ditch Life on Land for the High Seas

ZAK BENNETT FOR THE WALL STREET JOURNAL Garry Hubbard didn’t envision a quiet life for himself and his wife, Libby Hubbard, on solid ground. He wanted to retire aboard a yacht. With the help of Phil Friedman, managing director of the yacht consulting firm Port Royal...
U.S. Housing Starts Declined 0.9% in June

U.S. Housing Starts Declined 0.9% in June

Ashley Cooper/Construction Photography/Avalon/Getty Images Home building in the U.S. declined in June, a fresh sign of weakness in the housing market. Housing starts, a measure of new-home construction, fell 0.9% in June from the prior month to a seasonally adjusted...
Black Homeownership Drops to All-Time Low

Black Homeownership Drops to All-Time Low

Justin Sullivan/Getty Images While Hispanic homeownership rate is on the rise, the black homeownership rate has fallen 8.6 percentage points since its peak in 2004, hitting an all-time low in the first quarter of this year, according to census data. This divergence...
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