DR Horton rose$. 37 or 1.9 percent, to $19.45. Hovnanian Enterprises Inc. rose$. 16 or 3.2 percent, to $5.11. Lennar Corp. rose$. 70 or 2.0 percent, to $35.24.» Read More
WASHINGTON, June 25- Sales of new U.S. single-family homes rose to their highest level in nearly five years in May, confirming the housing market's strengthening tone. The Commerce Department said on Tuesday sales increased 2.1 percent to a seasonally adjusted annual rate of 476,000 units- the highest level since July 2008.
June 25- Lennar Corp reported a 27 percent rise in orders in the critical spring selling season as its large land bank helped it take advantage of a recovering U.S. housing market. Lennar booked orders for 4,481 homes in the year-ago spring quarter.
*2nd- qtr revenue $1.43 bln vs est $1.33 bln. June 25- Lennar Corp, the No. 3 U.S. homebuilder, reported a stronger-than-expected 53 percent rise in second-quarter revenue as it sold more homes at higher prices, suggesting the U.S. housing market recovery remains on track.
Many states are recovering form record budget deficits. One key piece of the recovery is revenue from taxes
WASHINGTON, June 19- Where have all the carpenters gone? "Right now I have framing material sitting on the job site with the foundation on the ground," said Stephen Paul, executive vice president at Mid-Atlantic Builders in Rockville, Maryland. "
WASHINGTON, June 18- U.S. housing starts rose less than expected in May, likely reflecting labor and material constraints, but the overall trend remained consistent with strength in the housing market. The Commerce Department said on Tuesday housing starts rose 6.8 percent to a seasonally adjusted annual rate of 914,000 units.
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.
DUBAI, June 18- Saudi billionaire Prince Alwaleed bin Talal says he is looking at the world's largest cities, including Shanghai, Moscow, London and New York, as possible locations to build a mile-high skyscraper that would be the world's tallest building by far.
NEW YORK, June 17- A majority of U.S. homebuilders view conditions for new construction as favorable for the first time since the housing crisis began seven years ago, in one of the strongest signs yet that the U.S. housing recovery is on track.
*Bonds yields briefly rise on Empire State data, homebuilder sentiment. NEW YORK, June 17- Long-dated U.S. You're going to continue to see extreme volatility around these Fed meetings just because of what the chairman has stated, "said Dan Mulholland, managing director in Treasuries trading at BNY Mellon in New York.
NEW YORK, June 17- Sentiment among U.S. homebuilders surged in June, rising above a key milestone for the first time since the start of the housing crisis seven years ago in a vote of confidence for the sector's recovery.
NEW YORK, June 17- U.S. Treasuries yields rose slightly on Monday after data showed that U.S. homebuilder sentiment jumped in June, rising above a key milestone for the first time since the start of the housing crisis. Benchmark 10- year note yields increased to 2.14 percent, up from around 2.13 percent before the data.
NEW YORK, June 17- U.S. homebuilder sentiment jumped in June, rising above a key milestone for the first time since the start of the housing crisis in a vote of confidence for the sector's recovery, data from the National Association of Home Builders showed on Monday.
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.