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Construction News

Thu, Sep 23rd, 2021
Inflation forces homebuilders to take it slow, raise prices

LOS ANGELES (AP) — Even in the hottest U.S. housing market in more than a decade, new home construction has turned into a frustratingly uncertain and costly proposition for many homebuilders.

$SPX : 4,448.98 (+1.21%)
$DOWI : 34,764.82 (+1.48%)
$IUXX : 15,316.58 (+0.92%)
Existing US home sales fell in August, price growth slows

Sales of previously occupied U.S. homes fell in August and prices that have been soaring eased, the latest sign the housing market is cooling as intense competition leaves many would-be buyers on the sidelines....

$SPX : 4,448.98 (+1.21%)
$DOWI : 34,764.82 (+1.48%)
$IUXX : 15,316.58 (+0.92%)
Chinese builder in debt jam says it will make bond payment

BEIJING (AP) — A Chinese real estate developer whose struggle to avoid defaulting on billions of dollars of debt has rattled global markets says it will pay interest due Thursday to bondholders in China...

$SPX : 4,448.98 (+1.21%)
$DOWI : 34,764.82 (+1.48%)
$IUXX : 15,316.58 (+0.92%)
The Latest: Chinese city shuts down over new outbreak worry

BEIJING — Officials in the northeast China city of Harbin say national level health officials have been sent to the city to deal with what may be a coronavirus outbreak.

TGT : 242.67 (+0.37%)
PFE : 44.19 (+0.55%)
JNJ : 164.86 (+0.57%)
ABT : 125.30 (+0.52%)
EXPLAINER: Chinese builder’s debt struggle rattles investors

BEIJING (AP) — Global investors are watching nervously as one of China’s biggest real estate developers struggles to avoid defaulting on tens of billions of dollars of debt, fueling fears of possible...

$SPX : 4,448.98 (+1.21%)
$DOWI : 34,764.82 (+1.48%)
$IUXX : 15,316.58 (+0.92%)
US home construction up 3.9% in August after July drop

WASHINGTON (AP) — U.S. home construction rebounded a better-than-expected 3.9% in August with the strength coming in apartment construction.

$SPX : 4,448.98 (+1.21%)
$DOWI : 34,764.82 (+1.48%)
$IUXX : 15,316.58 (+0.92%)
Insider Q&A: Serving the neglected for profit, not just good

NEW YORK (AP) — Making money by helping underserved communities? It took Bobby Turner years to convince big investment funds such a thing was possible.

China's FM Wang offers aid and friendship on Cambodia visit

PHNOM PENH, Cambodia (AP) — Cambodian Prime Minister Hun Sen said Sunday that China has agreed to provide the Southeast Asian nation with grant aid of 1.75 billion yuan ($272 million), announcing the...

In a hot market, companies compete with would-be homeowners

LOS ANGELES (AP) — Soaring home prices and rents are fueling real estate companies’ appetite for houses, adding unwelcome competition for many would-be homebuyers.

$SPX : 4,448.98 (+1.21%)
$DOWI : 34,764.82 (+1.48%)
$IUXX : 15,316.58 (+0.92%)
Ground zero rebuilding still unfinished, 20 years later

NEW YORK (AP) — Two decades after its destruction in the Sept. 11 attacks, the work to rebuild the World Trade Center complex remains incomplete.

Chart of the Day

Upstart Holdings Inc (UPST)

The Barchart Chart of the Day belongs to the financial services company Upstart Holdings (NASDAQ: UPST ). I found the company by sorting Barchart's All Time High list first by the highest number of new highs in the last month, then used the Flipchart function to review the charts for...
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