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Construction News

Fri, Jun 25th, 2021
US existing home sales fall again as prices continue to soar

WASHINGTON (AP) — Sales of previously-occupied homes fell for the fourth straight month in May as soaring prices and a limited number of available properties discouraged many would-be buyers.

Paid in full? Biden, GOP struggle over infrastructure costs

WASHINGTON (AP) — Congressional negotiators and the White House appear open to striking a roughly $1 trillion deal on infrastructure. But they are struggling with the hard part — how to pay for it....

US average mortgage rates mostly lower; 30-year at 2.93%

WASHINGTON (AP) — Mortgage rates were mostly lower this week as the economy continued to show signs of recovery from the pandemic recession and recent bursts of inflation were deemed temporary by federal...

Millions fear eviction as US housing crisis worsens

NEW YORK (AP) — More than 4 million people say they fear being evicted or foreclosed upon in the coming months, just as two studies released Wednesday found that the nation's housing availability and...

US home construction up a moderate 3.6% in May

WASHINGTON (AP) — U.S. home construction rose 3.6% in May as builders battled a surge in lumber prices that have made homes more expensive

Foam brings fire at Illinois chemical plant 'under control'

ROCKTON, Ill. (AP) — An industrial firefighting team continued battling a fire Tuesday that has consumed an chemical plant in northern Illinois and forced the evacuation of nearby homes and businesses....

LZ : N/A (unch)
Gas explosion in central China kills at least 12

BEIJING (AP) — At least 12 people were killed and 39 seriously injured Sunday after a gas line explosion tore through a residential neighborhood in central China.

Pandemic relapse spells trouble for India's middle class

NEW DELHI (AP) — Ram Babu moved from his village to the Indian capital New Delhi in 1980, to clean cars. Soon, he learned to drive and got a job as a tour bus driver. Decades later, he set up his own...

Many Americans moved to less pricey housing markets in 2020

LOS ANGELES (AP) — Many Americans who moved last year relocated to areas where homes were, on average, bigger and less expensive.

Gottfried Boehm, architect of concrete churches, dies at 101

BERLIN (AP) — German architect Gottfried Boehm, who was famous for his concrete brutalist-style church buildings, has died at 101.

Georgia O’Keeffe Museum plans expansion project at new site

SANTA FE, N.M. (AP) — Officials at the Georgia O’Keeffe Museum in Santa Fe have announced plans to build a facility large enough to fill an entire city block.

Millennial Money: Trial, error, and what I learned in my 20s

Your 20s are a time of self-exploration, finding your footing as an adult — and likely making some money mistakes.

US economy: Plenty of growth, not enough workers or supplies

WASHINGTON (AP) — The U.S. economy is sparking confusion and whiplash almost as fast as it’s adding jobs.

US businesses struggle to fill jobs even as hiring picks up

WASHINGTON (AP) — Hiring in the United States picked up in May yet was slowed again by the struggles of many companies to find enough workers to keep up with the economy's swift recovery from the pandemic...

'Nothing looks good' preparing for summer wildfire season

SALEM, Ore. (AP) — Wearing soot-smudged, fire-resistant clothing and helmets, several wildland firefighters armed with hoes moved through a stand of ponderosa pines as flames tore through the underbrush....

Homebuyers increasingly willing to pay above asking price

LOS ANGELES (AP) — The red-hot U.S. housing market is widening the gap between what a home is objectively worth and what eager buyers are willing to pay for it.

Fewer Americans sign contracts to buy homes in April

SILVER SPRING, Md. (AP) — Fewer Americans signed contracts to buy homes in April as a lack of supply continues to foil would-be buyers.

AP FACT CHECK: House GOP falsely blames Biden for gas prices

WASHINGTON (AP) — Heading into the Memorial Day travel weekend, House Republican leader Kevin McCarthy and other members of his party are falsely blaming for higher gasoline and lumber costs.

Court orders Royal Dutch Shell to cut net emissions by 45%

THE HAGUE, Netherlands (AP) — A Dutch court on Wednesday ordered Royal Dutch Shell to cut its carbon emissions by net 45% by 2030 compared to 2019 levels in a landmark case brought by climate activism...

In a sizzling US market, demand and prices for homes soar

WASHINGTON (AP) — America's housing market has grown so overheated as demand outpaces supply that prices keep hitting record highs — and roughly half of all U.S. houses are now selling above their...

Chart of the Day

Smartsheet Inc Cl A (SMAR)

The Barchart Chart of the Day  belongs to the software company Smartsheet (NYSE: SMAR ).   Readers are always asking me how to find stocks that are just beginning to trend before everyone else discovers them. One of the best ways is to look at Barchart's Strong Volume Gains  preformatted screener. It identifies stocks that...
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