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Capital Goods Construction and Engineering

  • WASHINGTON, Oct 26- New U.S. single-family home sales unexpectedly rose in September, pointing to sustained demand for housing even as data for the prior three months were revised lower. "A lot of the pieces of the puzzle have come back together in a positive direction, with a pickup in the export of goods to the rest of the world and new home sales," said Chris Rupkey,...

  • WASHINGTON, Oct 26- New U.S. single-family home sales unexpectedly rose in September, pointing to sustained demand for housing even as data for August was revised sharply lower. The Commerce Department said on Wednesday new home sales increased 3.1 percent to a seasonally adjusted annual rate of 593,000 units last month, pulling them close to a nine-year high...

  • WASHINGTON, Oct 26- New U.S. single-family home sales unexpectedly rose in September, pointing to sustained demand for housing even as data for August was revised sharply down. The Commerce Department said on Wednesday new home sales increased 3.1 percent to a seasonally adjusted annual rate of 593,000 units last month, pulling them close to a nine-year high...

  • MEXICO CITY/ MADRID, Oct 25- Tycoon Carlos Slim's construction arm is in talks with his majority-owned construction firm FCC and rival Spanish builder Acciona to jointly bid on a coveted $3.5 billion Mexico City airport terminal project, five people familiar with the matter said. The bid for the terminal, hot on the heels of Carso's runway bid, shows how Slim,...

  • NEW YORK, Oct 25- U.S. home prices rose 5.1 percent in the year to August as home buyers competed for fewer properties, helped by low mortgage interest rates, some wage growth and low unemployment. Sales of existing U.S. homes increased 3.2 percent in September from August, but the number of homes for sale has fallen nearly 7.0 percent from a year ago, the National...

  • LONDON, Oct 25- The British government gave Heathrow Airport the green light on Tuesday to build a third runway. BORIS JOHNSON, FOREIGN SECRETARY, FORMER LONDON MAYOR. "You'd have New York, a city of beautiful skyscrapers, Paris the city of light, London the city of planes.

  • LONDON, Oct 25- The British government gave Heathrow the green light on Tuesday to build a third runway, which will be the first new full-length runway since the 1940 s in southeast England, the economic engine of Britain. A majority of lawmakers back expanding Heathrow, according to a poll of 150 MPs carried out by ComRes for Heathrow in August, but the project has...

  • New York City housing, buildings

    Construction spending in New York City is on track this year to surpass the record set just before the financial crisis, an industry association said.

  • The association projected spending of $42.1 billion in 2017 and $42.3 billion the year after as the biggest building boom since the 1980 s changes the skyline in downtown Manhattan, its far West Side and in Long Island City across the East River. Almost a dozen marquee office buildings will be completed or be under construction in Manhattan by 2018, including...

  • WASHINGTON, Oct 20- U.S. home resales surged in September after two straight months of declines as first-time buyers stepped into the market, pointing to underlying momentum in the economy. That's important because the jobs and housing markets are going to be critical to supporting growth in 2017, "said Ryan Sweet, senior economist at Moody's Analytics in West...

  • Oct 20- PulteGroup Inc, the No.3 U.S. homebuilder, cut its gross margin forecast for the current quarter due to rising land and labor costs, sending its shares down as much as 6 percent on Thursday. The company bought some assets of John Wieland Homes and Neighborhoods in December to cater to such buyers. "We are seeing strength from the first-time buyers," Chief...

  • WASHINGTON, Oct 20- U.S. home resales rose more than expected in September, boosted by a firming labor market that is helping buyers overcome a fast increase in prices and a national shortage in inventory. The National Association of Realtors said on Thursday existing home sales rose 3.2 percent to an annual rate of 5.47 million units, the quickest pace since June.

  • *Half of London luxury pipeline subject to change- agent. *Graphic on London prime housing: http://tmsnrt.rs/2eb661D. Oct 20- High-end property developers in London are restricting the supply of homes to prevent further price falls by selling entire apartment blocks to funds for rental, according to agents and investment managers.

  • Pulte, which also sells townhouses, condominiums and duplexes, named Marshall CEO in September after Richard Dugas stepped down, bowing to pressure from founder William Pulte. William Pulte said in a letter to shareholders in July that the company had a lot of ground to cover, mainly on cost controls and home sales. Net income rose to $128.5 million, or 37 cents per...

  • Oct 20- U.S. homebuilder PulteGroup Inc reported a 28.9 percent rise in quarterly revenue as it sold more homes at higher prices. Net income rose to $128.5 million, or 37 cents per share, for the third quarter ended Sept. 30 from $107.8 million, or 30 cents per share, a year earlier. Revenue rose to $1.94 billion from $1.51 billion.

  • WASHINGTON, Oct 19- The construction of U.S. single-family housing surged in September, though a drop in apartment building pushed overall home building activity to an 18 month low. But Wednesday's report from the U.S. Commerce Department also showed building permits jumping last month, suggesting overall residential construction may rise again in the...

  • WASHINGTON, Oct 19- The construction of U.S. single-family housing surged in September, though a drop in apartment building pushed overall home building activity to an 18 month low. But Wednesday's report from the Commerce Department also showed building permits jumping last month, suggesting overall residential construction may rise again in the fourth...

  • WASHINGTON, Oct 19- Groundbreaking on U.S. single-family housing projects surged in September, pointing to sustained housing market strength even as a drop in the construction of multi-family units pushed overall home building activity to a 1-1/ 2- year low. Wednesday's report from the Commerce Department also showed building permits surging last month,...

  • VANCOUVER, Oct 19- A tax on foreign buyers aimed at cooling Canada's priciest property market has forced some developers and builders of detached Vancouver homes to hit the pause button, but has had much less effect on the city's condominium market, according to industry players. Vancouver home sales in September were down by about a third from a year earlier...

  • WASHINGTON, Oct 19- U.S. single-family starts surged in September, pointing to sustained housing market strength even as a drop in the construction of multi-family dwellings pushed overall home building activity to a 1-1/ 2- year low. Groundbreaking on single-family housing projects, which accounts for the largest share of the residential housing market,...