housing construction

Here's what's happening in the world of business, Tuesday, July 19 Murdoch on Trial With the British Parliament opening hearings into the News Corp (NWSA) phone hacking scandal, Bloomberg reports that the media conglomerate "is considering elevating Chief Operating Officer Chase Carey to chief...

Builders began work last year on the second fewest number of homes in more than half a century, as the weak economy kept people from buying houses. Builders broke ground on a total of 587,600 homes in 2010, just barely better than the 554,000 started in 2009. Those are the two worst years on...

Home construction increased last month and applications for building permits also grew. But the gains were driven mainly by apartment and condominium construction, not the much larger single-family homes sector. Construction of new homes and apartments rose 10.5 percent in August from a month...

The U.S. construction industry went from bad to worse in July, and then retroactively worse still. The Commerce Department announced Wednesday that spending in the sector fell a worse-than-expected 1% in July, and revised June's estimate downward from a 0.1% increase to an 0.8% decline.