DETROIT / AP A two-storey, wood-frame house became the 10,000th vacant building torn down under Detroit Mayor Mike Duggan’s massive plan to eliminate blight as the city continues dealing with abandoned properties following a population decline. An excavator was used to quickly tear down the house on Marlowe Street on Detroit’s northwest side. The demolition of 10,000 buildings is ...

  Bloomberg US home prices rose 5.6 percent in May from a year earlier as buyers competed for a scarcity of listings. Prices climbed 0.2 percent on a seasonally adjusted basis from April, the Federal Housing Finance Agency (FHFA) said in a report from Washington. The average estimate of 18 economists was for a 0.4 percent gain, according to the ...

  Bloomberg Tengda Construction Group Co., which builds municipal infrastructure projects in China, plans to form a 10 billion yuan ($1.5 billion) hydrogen industry fund to finance fuel cells and vehicles powered by the gas. The Taizhou, Zhejiang-based company, agreed to partner with Chang’An International Trust Co., Oriental Patron Financial Group and Bestone Asset Management Co. for the fund, it ...