Construction and Engineering
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Fluor fell$. 07 or. 1 percent, to $64.93. Foster Wheeler rose$. 10 or. 4 percent, to $23.23. Quanta Services Inc. fell$. 10 or. 3 percent, to $29.30.
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DR Horton fell$. 11 or. 4 percent, to $26.01. Hovnanian Enterprises Inc. rose$. 16 or 2.7 percent, to $6.10. Lennar Corp. rose $1.11 or 2.6 percent, to $43.40.
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According to the Commerce Department, new-home sales increased 2.3 percent in April from March to a seasonally adjusted annual rate of 454,000. That's only slightly below January's pace of 458,000, which was the fastest since July 2008. _ KB Home, up 87 cents, or 3.8 percent, to $23.91. _ Hovnanian Enterprises Inc., up 20 cents, or 3.4 percent, to $6.14.
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NEW YORK-- Shares of some top construction companies are mixed at 1 p.m.:. Foster Wheeler rose$. 05 or. 2 percent, to $23.18. Quanta Services Inc. fell$. 08 or. 3 percent, to $29.32.
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DR Horton rose$. 26 or 1.0 percent, to $26.38. Hovnanian Enterprises Inc. rose$. 18 or 3.0 percent, to $6.12. Pulte Homes Inc. rose$. 26 or 1.2 percent, to $22.69.
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DR Horton fell$. 27 or 1.0 percent, to $25.85. Hovnanian Enterprises Inc. rose$. 03 or. 5 percent, to $5.97. Lennar Corp. rose$. 09 or. 2 percent, to $42.38.
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NEW YORK-- Shares of some top construction companies are down at 10 a.m.:. Foster Wheeler fell$. 18 or. 8 percent, to $22.95. Quanta Services Inc. fell$. 16 or. 5 percent, to $29.24.
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WASHINGTON, May 23- Sales of new U.S. single-family homes rose 2.3 percent in April, and prices climbed to record high levels, offering strong proof the sector's rebound trend is intact. The Commerce Department said on Thursday sales increased to a seasonally adjusted annual rate of 454,000 units.
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WASHINGTON-- Sales of new homes likely rose in April, evidence that the housing market is gaining strength during the critical spring buying season. The report from the Commerce Department is due at 10 a.m. Eastern. In March, sales increased to a rate of 417,000. That was close to January's pace of 445,000, the fastest since July 2008.
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DR Horton fell$. 19 or. 7 percent, to $26.12. Hovnanian Enterprises Inc. rose$. 10 or 1.7 percent, to $5.94. Lennar Corp. fell$. 18 or. 4 percent, to $42.29.
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Fluor fell$. 99 or 1.5 percent, to $65.00. Foster Wheeler fell$. 17 or. 7 percent, to $23.13. Quanta Services Inc. fell$. 66 or 2.2 percent, to $29.40.
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NEW YORK-- Home Depot's stock hit an all-time high for a second straight day since reporting strong first-quarter results and boosting its full-year forecasts. Upbeat housing data and weaker-than-expected results from rival Lowe's on Wednesday helped keep Home Depot rising.
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DR Horton rose$. 67 or 2.5 percent, to $26.98. Hovnanian Enterprises Inc. rose$. 27 or 4.6 percent, to $6.11. Lennar Corp. rose $1.01 or 2.4 percent, to $43.48.
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NEW YORK-- Shares of some top construction companies are up at 1 p.m.:. Foster Wheeler rose$. 12 or. 5 percent, to $23.42. Quanta Services Inc. rose$. 01 or percent, to $30.07.
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NEW YORK-- Shares of Dycom Industries Inc. rose to a 14- month high Wednesday after the telecommunications contractor posted better-than-expected results for its fiscal third-quarter and issued a strong guidance for the current period.
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China Construction America has been investing in the US for 28 years. CCA's CEO says they still have to overcome distrust as it is majority-owned by the Chinese government.
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NEW YORK-- Homebuilders' shares are getting a lift Wednesday following Toll Brothers' strong second-quarter performance and a healthy housing report. Earlier in the day, Toll Brothers Inc. reported quarterly earnings of 14 cents per share on revenue of $516 million.
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DR Horton rose$. 57 or 2.2 percent, to $26.88. Hovnanian Enterprises Inc. rose$. 20 or 3.4 percent, to $6.04. Lennar Corp. rose$. 97 or 2.3 percent, to $43.44.
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NEW YORK-- Shares of some top construction companies are mixed at 10 a.m.:. Foster Wheeler fell$. 20 or. 9 percent, to $23.10. Quanta Services Inc. rose$. 12 or. 4 percent, to $30.18.
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May 22- Luxury homebuilder Toll Brothers Inc reported stronger-than-expected results on higher average selling prices and booked its highest quarterly orders in seven years, sending its shares up 7 percent.