DR Horton fell $2.86 or 11.5 percent, to $21.94. Hovnanian Enterprises Inc. fell$. 17 or 3.7 percent, to $4.46. Lennar Corp. fell $1.24 or 3.1 percent, to $39.27.» Read More
NEW YORK— Shares of some top construction companies are down at 1 p.m.:. Foster Wheeler fell$. 23 or. 7 percent, to $33.74. Quanta Services Inc. fell$. 31 or. 9 percent, to $35.03.
DR Horton fell $2.46 or 9.9 percent, to $22.34. Hovnanian Enterprises Inc. fell$. 14 or 3.0 percent, to $4.49. Lennar Corp. fell $1.05 or 2.6 percent, to $39.46.
NEW YORK— Shares of some top construction companies are down at 10 a.m.:. Foster Wheeler fell$. 16 or. 5 percent, to $33.81. Quanta Services Inc. fell$. 30 or. 8 percent, to $35.04.
DR Horton fell $1.30 or 5.2 percent, to $23.50. Hovnanian Enterprises Inc. fell$. 08 or 1.6 percent, to $4.56. Lennar Corp. fell$. 90 or 2.2 percent, to $39.61.
*Weekly jobless claims fall 19,000. WASHINGTON, July 24- The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/ 2 years last week, suggesting the labor market recovery was gaining traction.
WASHINGTON— Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy. New home sales fell 8.1 percent last month to a seasonally adjusted annual rate of 406,000, the Commerce Department said Thursday.
WASHINGTON, July 24- Sales of new U.S. single-family homes fell sharply in June and the prior month's data was revised to show less robust growth, suggesting the housing market would struggle to regain momentum.
July 24- Southern Co, a power company, said it hopes to announce plans to build more nuclear reactors by the end of the year, a spokesman said late Wednesday.
July 24- Southern Co, one of the biggest U.S. power companies, said it hopes to announce plans by the end of the year to build more nuclear reactors, a spokesman said late Wednesday.
July 24- D.R. Horton Inc, the No.1 U.S. homebuilder, reported a 23 percent slump in third-quarter profit, hurt by an impairment charge, mainly on properties in the weak Chicago market. D.R. Horton reported a 15 percent drop in home deliveries in both the Midwest and the Southwest in the quarter ended June 30.
July 24- D.R. Horton Inc, the No.1 U.S. homebuilder, reported a 28 percent rise in third-quarter homebuilding revenue and the company said orders rose 25 percent. Homebuilding revenue rose to $2.10 billion in the quarter ended June 30 from $1.64 billion, a year earlier.
July 24- U.S. homebuilder PulteGroup Inc reported a 15 percent rise in quarterly profit as it sold homes at higher prices, but said orders fell 2.2 percent. Net income rose to $41.9 million, or 11 cents per share, in the second quarter ended June 30, from $36.4 million, or 9 cents per share, a year earlier.
WASHINGTON— The Commerce Department reports on sales of new homes in June. The report will be released at 10 a.m. Eastern on Thursday. The National Association of Realtors reported that sales of existing homes increased 2.6 percent to a seasonally adjusted annual rate of 5.04 million homes.
Ron Napier, Head of Napier Investment Advisors, describes his worries over China's construction sector.
Charging documents said Oliver solicited prepayments of nearly $7.9 million for steel buildings— mostly from residents of Montana, North Dakota and South Dakota— between October 2010 and December 2011, but he only completed one building.
*Chinese firm said to now have enough cash to pay off $64.5 mln bond. SHANGHAI, July 23- A troubled Chinese construction company avoided a landmark bond default at the last minute on Wednesday, raising enough funds to pay off both principal and interest on a 400 million yuan bond, people directly involved in the matter told Reuters.
WASHINGTON— Donald Trump has big plans for the Old Post Office building, a historic structure in downtown Washington that he's pledging to transform into the city's most luxurious hotel. As for the White House, four blocks away? The Old Post Office is on Pennsylvania Avenue between the White House and the Capitol.
SHANGHAI, July 23- China's Huatong Road& Bridge Group Co Ltd managed to avoid a landmark bond default at the last minute on Wednesday, raising enough funds to pay off both principal and interest on a 400 million yuan bond due by the end of the day, sources directly involved in the issue told Reuters.
DR Horton rose$. 46 or 1.9 percent, to $24.30. Hovnanian Enterprises Inc. rose$. 16 or 3.6 percent, to $4.59. Lennar Corp. rose$. 52 or 1.3 percent, to $39.86.
Fluor rose$. 58 or. 8 percent, to $77.40. Foster Wheeler rose$. 26 or. 8 percent, to $34.15. Quanta Services Inc. rose$. 36 or 1.0 percent, to $35.54.