construction

April Retail Sales Unexpectedly Rise

U.S. retail sales unexpectedly rose in April as households bought automobiles, building materials and a range of other goods, pointing to underlying strength in the economy.

Six Upbeat Money Trends of 2012

Between the elections, the fiscal cliff, and the endless battles over taxes, expenditures, and budget issues both big and small, 2012 has been a difficult year. But, amid all the sound and fury, there have also been promising developments on the financial front. Here's a look at a few of our favorite money stories of this year.

Can Dubai Revive Its Crazy Mega-Construction Boom?

Before the Great Recession, Dubai built some truly flamboyant real estate projects, including the world's tallest skyscraper and an archipelago of man-made islands. Now, Dubai wants to return to the days of such massive projects, but this time around, financing will be much harder to come by.

U.S. Housing Construction Jumps to 4-Year High

U.S. builders started construction on homes in September at the fastest rate since July 2008, a further indication that the housing recovery is strengthening and could help the economy grow.

Builders Start More Single-Family Homes; Permit Requests Surge

U.S. builders started work on more single-family homes in May and requested the most permits to build homes and apartments in three and a half years. The increase suggests the housing market is slowly recovering even as other areas of the economy have weakened.

Why Are LEGOs So Expensive?

It's a question that echoes across the Internet, on blogs and message boards, and in the content of a specialty wiki called Brickipedia: "Why are Legos so expensive?" Our search for an answer starts in Denmark, and ends in the playrooms of countless children around the world.

Saudi Prince to Build World's Tallest Tower

Saudi Arabia's Prince Alwaleed bin Talal -- a rich investor who holds stock in many of the world's largest companies, including Citigroup and News Corp. -- has announced his next investment: the world's largest tower.

Homebuilders Missing Out on the Economic Recovery

For homebuilders, it hardly feels like an economic recovery. Nearly two years after the recession ended, the pace of construction is less than half the level considered healthy. That weakness is weighing on the economy: Though new homes represent a small portion of overall sales, they have an outsized effect on jobs.

Why Trefis Thinks DuPont Stock Is Undervalued

DuPont is a major player in the high-performance materials, chemicals, coatings and agricultural products businesses -- all of which are likely to improve as the global economy recovers. It's also investing heavily in emerging markets such as China, which will give it new engines for growth.

China Beckons West Coast Architecture and Building Firms

China's construction growth, fed by a thriving economy and a massive population movement from rural to urban areas, will dwarf that of the U.S. over the next ten years, giving building companies with a West Coast presence a chance to offset the effects of sluggish domestic construction demand by hawking their expertise overseas.

People@Work: Construction Job Growth Is Slowly Rebuilding

New forecasts show that the worst may be over for the construction industry, which was hit harder by the Great Recession than any other sector, as construction projects slowly resume. Some 27% of construction firms say they plan to add staff this year, while only 20% plan to cut jobs.

Rising Bullishness: A Sign to Sell or Justified Optimism?

A supposed truism on Wall Street is that betting against the crowd is always a wise move. And these days, the crowd is decidedly bullish. Yes, that's often a sign that the end is near. But right now, a good argument can be made that things will still get better.

Housing Starts: Another Small Gain in November

The U.S. housing sector took another modest step forward in November as housing starts rose a better-than-predicted 3.9% to a 530,000-unit annual rate. Still, at the current rate of recovery, the nation remains about 18 months to 2 years away from seeing normal levels of home building.

Can Hong Kong Gently Deflate Its Real Estate Bubble?

Hong Kong took a new step this week to let some air out of its real estate bubble, levying a heavy tax on property flippers -- a move that has already sent asking prices there downward. But Hong Kong's real estate risks are dwarfed by those in Mainland China.

New Housing Starts Plunged 11.7% in October

U.S. housing starts unexpectedly plunged 11.7% in October to a 519,000-unit annual rate, weighed down by a 47.5% decline in apartment and condo construction. But building permits, a leading indicator of future housing construction, did inch 0.5% higher last month. U.S. housing starts unexpectedly plunged 11.7% in October to a 519,000-unit annual rate, weighed down by a 47.5% decline in apartment and condo construction. But building permits, a leading indicator of future housing construction, did inch 0.5% higher last month.

Homebuilder Confidence Index Goes Nowhere

Technically, the home builder sentiment index inched one point higher to 16 in November, the National Association of Home Builders said Tuesday, but the gain was offset by a revised one-point dip in October%u2019s sentiment reading, and the numbers remain well below those seen during a healthy housing market.

Unemployment in Some States Near Record Highs

The Bureau of Labor Statistics data on regional and state unemployment for September shows jobless rates remain uneven. Nevada and Michigan have been particularly hard hit, with no relief in sight.

Caterpillar Earnings Jump to $1.22 Per Share

Caterpillar Inc. (CAT) reported third quarter earnings of $1.22 per share, compared with 64 cents per share a year earlier. Sales and revenue rose 53% to $11.134 billion, the company said in a statement.

Intel Unveils an $8 Billion Plant-Building and Hiring Plan

Building a new chipmaking plant and upgrading four others will result in thousands of construction and high-tech jobs, the world's leading supplier of microprocessors said today. It's a strong statement from a company that has been critical of Washington's business policies.

British Economy Grew More Than Estimated in Second Quarter

The British economy grew more than previously thought in the second quarter, boosted by a strong showing in the construction sector. The UK economy grew 1.2% from April through June, the fastest quarterly expansion in more than nine years, the country%u2019s Office for National Statistics said. The previous estimate was growth of 1.1%.

Workplace Fatalities Plunged in 2009

Last year saw a sharp decline in on-the-job injuries in the United States, mainly because there were fewer jobs. Workplace fatalities due to injuries plunged 17% to 4,340 in 2009, The Wall Street Journal reported. That%u2019s the lowest since records began 18 years ago.

Construction Giant Foster Wheeler Could Be Building a Rebound

Construction stocks have lately been dormant, if not huge losers. But some analysts are starting to divine that global engineering and heavy construction will come alive in the second half of 2010. And they're changing their tune on Foster Wheeler.

Caterpillar Earnings Jump in 2Q; Company Raises Outlook for Year

Caterpillar Inc (CAT) reported second quarter earnings per share of $1.09, up from 60 cents per share in the second quarter of 2009. Second quarter profit was $707 million, a 91% increase from a year ago. Sales and revenues increased 31% to 10.409 billion, from $7.975 billion in the year-ago quarter.