"I think it's horrible," says 85- year-old Eileen Finlay, the widow of a former village police chief, after seeing a seven-bedroom, six-bathroom home built adjacent to her modest ranch on a narrow, tree-lined street in Southampton. The village of East Hampton enacted new zoning laws last month aimed at restricting the size of new homes in certain neighborhoods;...» Read More
World construction activity will accelerate by $6.3 trillion, or 70 percent, by 2025, with the explosion in growth boosted by a new generation of "Asian Tigers".
John Wraith, fixed income strategist at BofA Merrill Lynch Global Research, discusses the U.K. economy and the lack of recovery momentum despite positive GDP expectations.
Many states are recovering form record budget deficits. One key piece of the recovery is revenue from taxes
China has been going through a construction boom, but many of the properties are too expensive for most Chinese to buy, reports CNBC's Eunice Yoon.
Saudi billionaire Prince Alwaleed bin Talal is looking at the world's largest cities, as possible locations to build a mile-high skyscraper that would be the world's tallest building by far.
As China grapples with the surge in home prices, Vincent Lo, Chairman of the Shui On Group lays out a few options that may help ease the pressure on the nation's property market.
Allister Heath, editor at City AM, highlights that the BoE's voting system could make it harder for Mark Carney to make changes and says the recent data proves that "it's an important moment" for the U.K.'s economy.
In South Korea, pressuring employees to buy their own company's products as a way of boosting sales and manipulating profits remains a fairly common practice. The GlobalPost reports.
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.
Chinese IVC's bought the vitamin for $63.4 million in 2010. IVC products are in Walmart, Walgreens and RiteAid, but the goal is much bigger: selling to the Chinese consumer.
Despite all the negative headlines, Chinese investment in the US hit an all-time record in 2012: $6.5 billion. It will likely surpass that level in 2013.
Morningstar reports that Canada's banks and its housing finance agency may take serious losses if Canada's home prices decline.
It seemed as if Canada had avoided the excesses of the housing bubble that hit so many nations. But now it may be catching up.
Steve Eisman, the hedge fund manager who famously bet against mortgages in the United States, has recommended investors now bet against Canada's mortgage lenders and banks.
Allister Heath, editor at CITYAM and Hugo Dixon, editor at large at Reuters, comments on the U.K.'s economy ahead of the BoE's rate decision, and the effect monetary policy has had until now.
A plan to renovate 99-year-old Wrigley Field will be a 'great deal' for Chicago's economy, according to Cubs owner Tom Ricketts.
CNBC's Rick Santelli has the latest numbers on manufacturing and construction spending. And, CNBC's Steve Liesman, and Tom Porcelli, RBC Capital Markets chief U.S. economist, discuss the latest economic data and the Fed's impact on the markets.
South Korean construction stocks have lost almost 20 percent of their value this month, falling to levels last seen four years ago.
Housing starts have come way off their lows of late 2009, but today's ADP jobs report shows no job gains in construction. Michelle Meyer, BofA Merrill Lynch, explains why she sees more home building ahead.
CNBC's Adam Bakhtiar takes on the challenge of the daily 'Stock in 60' segment and looks at shares of Komatsu, which jumped 4 percent on strong operating profit results.