DR Horton rose$. 07 or. 3 percent, to $21.89. Hovnanian Enterprises Inc. rose$. 04 or. 9 percent, to $4.32. Lennar Corp. rose$. 20 or. 5 percent, to $39.00.» Read More
EBBSFLEET, England, April 13- Where Britain's first new town in over 40 years is due to be built there is little more than a gaping hole- a symbol of the huge housing shortage successive governments have failed to fill.
*France looking to expand business ties to Latin America. HAVANA, April 12- France's foreign minister met with Cuban President Raul Castro on Saturday during the first visit to the island by such a high-ranking French official in 31 years and a sign of the quickening pace of improving ties between the European Union and Havana.
HAVANA, April 12- France's foreign minister arrived in Cuba on Saturday for a brief but historic visit, the first by such a high-ranking French official in 31 years and a sign of the quickening pace of improving ties between the European Union and Havana.
KHOBAR, Saudi Arabia, April 9- Major Saudi Arabian construction firm Abdullah A. M. Al-Khodari Sons expects labour reforms to keep weighing on its bottom line for a few more years, but the situation will start improving in the second half of 2014, its chief executive said.
*Forward-looking measures of labour demand all flashing green. SYDNEY, April 9- Job losses in manufacturing have dominated Australian headlines-- 350 at BP, 180 at Philip Morris, 300 at Boeing in the past month alone-- but data proven to herald increased hiring tell a much cheerier tale.
TORONTO, April 8- Canadian housing starts fell more than expected in March and building permits dropped sharply in February, according to data released on Tuesday that suggests the country's robust housing market is cooling.
April 4- Kentz Corporation Ltd, a British engineer focused on the energy sector, said Meg Lassarat would replace Ed Power as chief financial officer. Lassarat was most recently the CFO of Houston- based engineering and field services company UniversalPegasus International. Power would stay on through August to facilitate a smooth transition, Kentz said.
PARIS, April 3- A French appeals court has upheld the choice of construction and telecoms conglomerate Bouygues to build a new judiciary complex in northern Paris, dismissing a suit by lawyers loath to leave the city centre. Bouygues won the order from the state over two years ago.
*Japan's nuclear reliance could be as low as 10 pct. TOKYO, April 2- Three years after the Fukushima disaster prompted the closure of all Japan's nuclear reactors, Prime Minister Shinzo Abe is moving to revive nuclear power as a core part of the energy mix, but many of those idled reactors will never come back online.
WASHINGTON, April 1- U.S. factory activity accelerated for a second straight month in March as production rebounded, in the latest sign that winter's icy grip on the economy was loosening. We should see growth in manufacturing the rest of the year with the overall growing economy, "said Gus Faucher, senior economist at PNC Financial Services in Pittsburgh.
WASHINGTON, April 1- U.S. construction spending barely rose in February as outlays on private residential construction projects recorded their biggest decline in seven months, a sign that severe weather continues to hobble the economy. Construction spending edged up 0.1 percent to an annual rate of $945.7 billion, the Commerce Department said on Tuesday.
SHANGHAI, April 1- A small construction materials company has defaulted on an interest payment on 180 million yuan worth of bonds, a national newspaper said on Tuesday, a few weeks after China's first-ever domestic bond default.
WASHINGTON, March 28- Caterpillar Inc's offshore tax strategies will come under scrutiny on Tuesday at a U.S. Senate hearing expected to examine dealings by the world's largest mining and construction equipment maker in Switzerland, Bermuda and Luxembourg.
HELSINKI, March 27- Finnish retailer Kesko on Thursday said it would drop out of the Fennovoima nuclear project, adding to concerns over the progress of the consortium's plan to build a 4 to 6 billion euro reactor in western Finland.
WASHINGTON, March 24- A U.S. Senate subcommittee known for investigating corporate tax avoidance said on Monday it will hold a hearing on April 1 to examine the offshore tax strategies of Caterpillar Inc, the world's largest mining and construction equipment maker.
STOCKHOLM, March 23- Such is the weight of Christer Gardell's voice in Europe that Volvo's share price jumped 4 percent one day in January when a Swedish business daily ran a front-page story on the activist investor calling on the truckmaker to "start delivering".
March 20- Lennar Corp reported a 36 percent jump in quarterly profit as it sold more homes at higher prices but said it was too soon to predict the strength of the spring selling season. Lennar's shares rose about 3.5 percent in premarket trading.
Ron Napier, Head of Napier Investment Advisors, explains how the massive decline in Chinese construction activity will hurt growth.
*KB Homes, other homebuilders shares rise. March 19- KB Home, the No. 5 U.S. homebuilder, reported a first-quarter profit for the first time since 2007 as it sold homes at higher prices in California, its largest market, and indicated towards a strong spring selling season.
March 19- KB Home, the fifth-largest U.S. homebuilder, reported a better-than-expected quarterly profit as a shortage of ready land to build on helped it increase selling prices, sending its shares up as much as 10 percent in morning trade.