construction

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.

U.S. Housing Starts Fell 5% to 549,000 in June

U.S housing starts fell 5% to a seasonally adjusted annual rate of 549,000 in June as apartment construction and single-family houses dropped. The number of single-family housing starts fell 0.7% to an annual rate of 454,000, the Commerce Department said in a statement.

Homebuilders Losing Faith as Tax Credit Ends

The U.S. real estate market recorded another setback in July: The National Association of Home Builders reported that its Housing Market Index fell to 14 from 16 in June, with builder confidence waning and sales dipping after the expiration of the federal home-buyers tax credit.

Mortgage Loan Applications Rise on Refinance Demand

Applications for mortgage loans jumped last week, as homeowners took advantage of historically low rates to refinance their homes. In the week ending July 2, the total number of applications for loans rose 6.7 % on a seasonally adjusted basis from a week earlier, The Mortgage Bankers Association said. A total of 78.7% of the loan applications were to refinance existing homes, the highest proportion since April 2009.

The 'Mancession' Ebbs as Recovery Revives Male Hiring

The Great Recession had a disproportionately high impact on male unemployment. But now, the tentative recovery is driving job gains in areas like construction and financial services, helping male hiring regain lost ground -- some good news for Father's Day.

Housing Construction Hits 16-Month High

Housing starts rose 1.6% in March, the Commerce Department said, but the real surprise in the report was the revision in February's housing start data, to a 1.1% rise from a 5.9% drop -- a change that suggests starts are stabilizing.

Housing Starts in U.S. Rise in January

More progress in the U.S. housing sector, as housing starts rose 2.8% in January to a 591,000 seasonally adjusted annual pace, the U.S. Commerce Department announced Wednesday. That marked the strongest housing start pace since July.

These Days, Green Drywall Is Sexy in Silicon Valley

Serious Materials is a green construction materials company that has raised more than $60 million in venture capital, thanks to innovative products like its EcoRock sheetrock, which is made with less than one-fifth the energy used to create standard drywall.

The Future of Putting Green to Work in Buildings

By many measures, Webcor Builers is the greenest general contractor of any significant size on the planet, and a key player in the green building technology ecosystem. We chat about the future of green with Webcor's vice president of sustainability and syBy many measures, Webcor Builers is the greenest general contractor of any significant size on the planet, and a key player in the green building technology ecosystem. We chat about the future of green building with Webcor's vice president of sustainability and systems engineering, Phil Williams.stems engineering, Phil Williams.

Housing Starts Rebound in November

Housing starts rose 8.9 percent in November to a 574,000 seasonally adjusted annual pace, the U.S. Commerce Department announced. Economists surveyed by Bloomberg News had expected housing starts to total a slightly higher 575,000 annualized rate for the month.