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Construction and Engineering

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  • Nice snapback in residential construction     Thursday, 1 May 2014 | 10:01 AM ET

    CNBC's Steve Liesman provides insight on the latest ISM Index number, construction spending from March and initial jobless claims.

  • ISM good, construction spending weak: Santelli     Thursday, 1 May 2014 | 10:00 AM ET

    CNBC's Rick Santelli reports April's ISM Index resulted at 54.9, and March construction spending was up 0.2 percent.

  • U.S. construction spending rises marginally in March Thursday, 1 May 2014 | 10:00 AM ET

    WASHINGTON, May 1- U.S. construction spending rose less than expected in March as outlays on public projects fell for a fifth consecutive month. Construction spending increased 0.2 percent to an annual rate of $942.5 billion, the Commerce Department said on Thursday. Public construction spending hit its lowest level since November 2006.

  • NEW YORK/ DETROIT, April 28- Toyota Motor Corp. said it will move its U.S. sales headquarters from southern California to suburban Dallas, delivering the latest blow to California in a fight for jobs with arch-rival Texas, whose Governor Rick Perry has been actively poaching businesses from the Golden State.

  • NEW YORK/ DETROIT, April 28- Toyota Motor Corp. said it will move its U.S. sales headquarters from southern California to suburban Dallas, delivering the latest blow to California in a fight for jobs with arch-rival Texas, whose Governor Rick Perry has been actively poaching businesses from the Golden State.

  • LOS ANGELES, April 25- Home ownership rates in the United States will likely fall to levels last seen in the 1980 s as baby boomers retire and millennials wait longer to form households, the manager of the DoubleLine Total Return fund said Friday, recommending that investors short exchange-traded funds focused on homebuilding companies.

  • Bond guru Gundlach calls for shorting homebuilders Friday, 25 Apr 2014 | 3:46 PM ET
    Jeffrey Gundlach

    Home ownership rates in the United States will likely fall to levels last seen in the 1980s, Jeffrey Gundlach says.

  • *D.R. Horton shares rise 9 pct, PulteGroup 4 pct. April 24- D.R. Horton Inc and PulteGroup Inc, the two biggest U.S. homebuilders, said a tight supply of homes is helping them to raise prices, suggesting that the market is regaining strength ahead of the crucial spring selling season.

  • CAT story about US construction: Cramer     Thursday, 24 Apr 2014 | 9:18 AM ET

    Despite a slowdown in CAT's mining equipment business, CNBC's Jim Cramer says U.S. construction is back big, as he breaks down Caterpillar's Q1 earnings that exceeded the Street's forecast.

  • April 24- Caterpillar Inc on Thursday posted a quarterly profit that topped analysts' estimates and raised its full-year outlook on a stronger-than-expected rebound in sales to the construction industry.

  • April 24- Caterpillar Inc on Thursday posted quarterly profit that topped estimates and raised its full-year outlook on a stronger-than-expected rebound in sales to the construction industry. With restructuring costs factored in, Caterpillar made a profit of $1.44 a share.

  • UPDATE 1-Higher home prices boost D.R. Horton's profit Thursday, 24 Apr 2014 | 7:31 AM ET

    April 24- D.R. Horton Inc, the top U.S. homebuilder, reported an 18 percent rise in quarterly profit as a short supply of houses on the market allowed it to raise prices. The housing market had been under strain for the past few months from higher mortgage rates that sidelined potential buyers, but D.R. Horton said in January it expected a strong spring selling season.

  • April 24- PulteGroup Inc, the No. 2 U.S. homebuilder, reported an 8 percent drop in first-quarter profit as a shortage of developed land constrained its ability to build more homes. PulteGroup's average selling price rose 10 percent to $317,000, but was not enough to offset a 10 percent drop in the number of completed homes.

  • Higher home prices boost D.R. Horton's profit Thursday, 24 Apr 2014 | 7:07 AM ET

    April 24- D.R. Horton Inc, the top U.S. homebuilder, reported an 18 percent rise in quarterly profit as it charged more for its houses, and said orders rose 9 percent. The company's net income rose to $131.0 million, or 38 cents per share, in the second quarter ended March 31, from $111.0 million, or 32 cents per share, a year earlier.

  • PulteGroup profit falls 8 pct as home deliveries fall Thursday, 24 Apr 2014 | 6:44 AM ET

    April 24- PulteGroup Inc, the No. 2 U.S. homebuilder, reported an 8 percent drop in quarterly profit as it handed over fewer homes to buyers and said orders fell 6 percent. The company's net income dropped to $74.8 million, or 19 cents per share, in the first quarter ended March 31 from $81.8 million, or 21 cents per share, a year earlier.

  • WASHINGTON, April 23- Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dashing hopes for a quick turnaround for a sector that fell into a soft patch last summer. The Commerce Department said on Wednesday sales dropped 14.5 percent to a seasonally adjusted annual rate of 384,000 units.

  • WASHINGTON, April 23- Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dealing a setback to the housing market recovery. The Commerce Department said on Wednesday sales dropped 14.5 percent to a seasonally adjusted annual rate of 384,000 units, declining for a second consecutive month.

  • U.S. new home sales dive to eight-month low in March Wednesday, 23 Apr 2014 | 10:00 AM ET

    WASHINGTON, April 23- Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dealing a setback to the housing market recovery. The Commerce Department said on Wednesday sales dropped 14.5 percent to a seasonally adjusted annual rate of 384,000 units, declining for a second consecutive month.

  • WASHINGTON, April 22- U.S. home resales fell to their lowest level in more than 1-1/ 2 years in March, but there were signs a recent downward trend that has plagued the housing market may be drawing to an end. The National Association of Realtors said on Tuesday existing home sales slipped 0.2 percent to an annual rate of 4.59 million units.

  • Taiwan govt says to push on with planned nuclear plant Monday, 21 Apr 2014 | 10:41 PM ET

    TAIPEI, April 22- Taiwan's premier has rejected opposition demands to halt construction of a controversial atomic power plant, sparking threats of street protests from anti-nuclear campaigners.