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  • SAO PAULO, Nov 12- Brazilian homebuilder MRV Engenharia e Participacoes SA beat profit expectations for the third quarter as strong demand for low-income housing helped offset a rise in cancellations. Belo Horizonte, Brazil- based MRV said on Wednesday that net income rose 3.3 percent to 135 million reais in the quarter from a year earlier, beating estimates of...

  • MEXICO CITY, Nov 12- Mexico's Central Bank will adjust its annual growth forecast next week, Gov. The IMF expects Mexico's economy to grow by 2.4 percent this year as expansion picks up after a harsh winter in the United States crimped American demand for Mexican factory exports and the construction sector sagged in early 2014.. Mexico's economy expanded by a...

  • U.S. homebuilders D.R. Horton Inc and Toll Brothers Inc reported jumps in orders this week at rates not seen since last year. "The buyers realize that they're never going to get this kind of low interest rate environment," said David Crowe, chief economist at the National Association of Home Builders. Wayne Wellington, a 47- year old inspector at the Broward County...

  • Nov 11- D.R. Horton Inc, the largest U.S. homebuilder, reported better-than-expected quarterly revenue and said orders jumped 38 percent, suggesting an uptick in housing demand. D.R. Horton's customers are returning after being hit especially hard by soaring home prices and rising interest rates in the first eight months of the year. D.R. Horton's revenue from...

  • D.R. Horton revenue boosted by higher home prices Tuesday, 11 Nov 2014 | 7:16 AM ET

    Nov 11- D.R. Horton Inc, the largest U.S. homebuilder, reported a 33 percent jump in quarterly revenue as it sold more homes at higher prices. The company's net income rose to $166.3 million, or 45 cents per share in the fourth quarter ended Sept. 30, from $139.5 million, or 40 cents per share, a year earlier. Revenue rose to $2.42 billion from $1.82 billion.

  • Nov 10- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a 29 percent jump in quarterly revenue after it sold more homes at higher prices as housing demand strengthened. Toll Brothers said the number of homes it finished rose 22 percent to 1,807 in the fourth quarter ended Oct. 31, while the average selling price rose 6.3 percent to $747,000 from a...

  • Toll Brothers sells more homes at higher prices Monday, 10 Nov 2014 | 7:13 AM ET

    Nov 10- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a 29 percent jump in quarterly revenue as it sold more homes at higher prices. The number of homes finished rose 22 percent to 1,807 in the fourth quarter ended Oct. 31, while the average selling price rose 6.3 percent to $747,000, the company said on Monday. Total revenue rose to $1.35 billion from...

  • Sears has been trying to raise cash to get it through the build-up to the year-end shopping season and it has repeatedly turned to Chief Executive Eddie Lampert and his hedge fund, which together own 48.5 percent of Sears. Sears said on Friday it sold a full-line store in Cupertino, California for $102.5 million in October. Sears full-line stores are mall-based...

  • UK CONSTRUCTION PMI FALLS TO 5- MONTH LOW IN OCT- MARKIT/ CIPS@. The Markit/ CIPS UK construction PMI fell to 61.4 in October from 64.2 in September, a steeper decline than the drop to 63.5 forecast in a Reuters poll of economists. "October's survey provides the first indication that the chill winds blowing across the UK housing market have started to weigh on the...

  • WASHINGTON, Nov 3- U.S. manufacturing activity unexpectedly accelerated in October as new orders rebounded strongly, which should ease concerns of a significant moderation in economic growth in the fourth quarter. Other data on Monday showed strong automobile sales last month, although top-seller General Motors Co missed expectations.

  • WASHINGTON, Nov 3- U.S. construction spending fell for a second straight month in September as investment in both private and public projects declined, suggesting the third-quarter growth estimate could be revised lower. Construction spending dropped 0.4 percent to an annual rate of $950.9 billion, the Commerce Department said on Monday.

  • MEXICO CITY, Oct 31- Mexico and its main construction companies could help carry out a plan to spur economic growth and jobs in Central America to stem illegal immigration to the United States, a senior Mexican government official said on Friday. Struggling to stop a record flood of child migrants to the United States earlier this year, Guatemala, Honduras and El...

  • Oct 31- Construction equipment company Caterpillar Inc on Friday said the U.S. Securities and Exchange Commission is investigating how it accounted for its July 2011 purchase of Bucyrus International Inc.. In its quarterly report, Caterpillar said the Sept. 10 subpoena from the SEC seeks information about its accounting for goodwill relating to the $7.6...

  • Brazil builder PDG posts a Q3 net loss of $73 mln Thursday, 30 Oct 2014 | 6:59 PM ET

    SAO PAULO, Oct 30- Brazilian homebuilder PDG Realty SA's third-quarter net loss widened to 174.7 million reais from 111.3 million reais a year earlier, more than market analysts expected, according to a securities filing on Thursday. Seven analysts in a Reuters survey had an average forecast for a third-quarter net loss of 95.8 million reais.

  • MEXICO CITY, Oct 24- Mexican construction company ICA on Friday reported a third-quarter loss, hurt by a sharp increase in financial costs that offset higher revenue. The company reported a loss of 769 million pesos, compared to a profit of 241 million pesos in the year-earlier quarter. The company had financial costs of 2.279 billion pesos compared to 553...

  • DAR ES SALAAM, Oct 24- Tanzania and China have signed investment deals worth more than $1.7 billion, including one to build a satellite city to ease congestion in the commercial capital Dar es Salaam- deepening Beijing's ties with East Africa. Tanzania later announced a $85 million in grants and zero-interest loans from China. The deals extend China's growing...

  • *New home sales rise 0.2 percent in September. WASHINGTON, Oct 24- Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August's sales pace indicated the housing recovery remains tentative. The Commerce Department said on Friday that sales increased 0.2 percent to a seasonally adjusted annual rate of...

  • WASHINGTON, Oct 24- Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August's sales pace indicated that the housing recovery remains fragile. The Commerce Department said on Friday that sales increased 0.2 percent to a seasonally adjusted annual rate of 467,000 units, the highest reading since July...

  • Chinese developers roll out gimmicks as sales slump Thursday, 23 Oct 2014 | 10:49 PM ET

    HONG KONG, Oct 24- Chinese developers are turning to offbeat marketing gimmicks and give-aways as they battle to shift massive inventories of unsold homes and survive the country's biggest economic slowdown since the global financial crisis. China's largest residential developer China Vanke is using social media in a series of quirky campaigns which...

  • Oct 23- Caterpillar Inc shares jumped more than 5 percent on Thursday after it reported a stronger-than-expected quarterly profit and raised its 2014 outlook, citing strong demand from the North American energy and construction industries. Since then, Caterpillar has focused on cutting production costs and boosting margins, a process that has involved...