March 26- Builders FirstSource Inc, a U.S. supplier of residential building products, is in discussions to acquire peer ProBuild Holdings Inc for approximately $1.5 billion, including debt, three people familiar with the matter said on Thursday. The negotiations between Builders FirstSource and privately held ProBuild are ongoing and may not lead to an...» Read More
NEW YORK— Shares of some top construction companies were up at the close of trading:. Fluor rose$. 52 or. 9 percent, to $57.29. Quanta Services Inc. rose$. 22 or. 8 percent, to $28.04.
DR Horton rose$. 62 or 2.3 percent, to $27.57. Hovnanian Enterprises Inc. rose$. 10 or 3.0 percent, to $3.47. Lennar Corp. rose $1.62 or 3.3 percent, to $51.27.
NEW YORK— Shares of some top construction companies are up at 1 p.m.:. Fluor rose$. 71 or 1.3 percent, to $57.48. Quanta Services Inc. rose$. 55 or 2.0 percent, to $28.37.
Lennar Corp, Toll Brothers Inc and KB Home, among the top six builders, together reported an average 19 percent increase in orders in the latest quarter, up from 3.3 percent in the same period last year. Lennar, the No.2 U.S. homebuilder after D.R. Horton Inc, said on Thursday it expected single-family housing starts and permits to rebound "shortly".
DR Horton rose$. 28 or 1.0 percent, to $27.23. Hovnanian Enterprises Inc. rose$. 04 or 1.2 percent, to $3.41. Lennar Corp. rose$. 82 or 1.7 percent, to $50.47.
NEW YORK— Shares of some top construction companies are up at 10 a.m.:. Fluor rose$. 44 or. 8 percent, to $57.21. Quanta Services Inc. rose$. 17 or. 6 percent, to $27.99.
NEW YORK— KB Home on Friday reported better-than-expected first-quarter financial results on a boost in home sales and higher prices as the housing market continues its recovery. KB Home earned $7.8 million, or 8 cents per share, marking a 26 percent decline from a year ago because of higher costs. The average estimate of 10 analysts surveyed by Zacks Investment...
LONDON, March 20- European shares inched higher in early deals on Friday, helped by gains in the construction sector after Holcim and Lafarge agreed to new merger terms. Holcim rose 1.6 percent and Lafarge added 3.6 percent after the companies agreed to new terms, including a new share-swap ratio for the deal, over their planned multi-billion-euro merger, which...
SAO PAULO, March 19- Cyrela Brazil Realty SA, Brazil's largest homebuilder by market value, reported a 17.8 percent fall in fourth-quarter net profit, mostly due to legal indemnifications for delayed units. Cyrela posted quarterly net income of 150 million reais, down from 183 million reais a year earlier, according to a securities filing on Thursday.
DR Horton fell$. 46 or 1.7 percent, to $26.64. Hovnanian Enterprises Inc. fell$. 06 or 1.8 percent, to $3.36. Lennar Corp. fell$. 81 or 1.6 percent, to $48.91.
NEW YORK— Shares of some top construction companies are down at 1 p.m.:. Fluor fell $1.74 or 3.0 percent, to $56.54. Quanta Services Inc. fell$. 77 or 2.7 percent, to $27.62.
DR Horton rose$. 35 or 1.3 percent, to $27.45. Hovnanian Enterprises Inc. rose$. 05 or 1.5 percent, to $3.47. Lennar Corp. rose$. 57 or 1.1 percent, to $50.29.
NEW YORK— Shares of some top construction companies are down at 10 a.m.:. Fluor fell$. 66 or 1.1 percent, to $57.62. Quanta Services Inc. fell$. 31 or 1.1 percent, to $28.08.
March 19- Lennar Corp reported better-than-expected quarterly profit and revenue as it sold more homes at higher prices, and the company said early signs for the spring selling season indicated demand in the U.S. housing market was improving. Lennar's shares rose about 2 percent in premarket trading. Lennar has been able to raise prices despite a choppy...
March 19- U.S. homebuilder Lennar Corp's quarterly profit jumped 47 percent as the company sold more homes at higher prices. The No. 2 U.S. homebuilder by number of homes sold said net income attributable to Lennar rose to $115 million, or 50 cents per share, in the first quarter ended Feb. 28 from $78.1 million, or 35 cents per share, a year earlier. Revenue rose 20.6...
BRASILIA, March 18- Brazil's Comptroller-General Office on Wednesday added another six construction and engineering firms to an investigation of contractors that allegedly participated in a corruption ring at state-run oil company Petrobras. A total of 24 of Brazil's top builders are being investigated for suspected overpricing of contracts in a...
RIO DE JANEIRO, March 18- Brazilian homebuilder PDG Realty SA posted a net loss of 222 million in the fourth quarter of 2014, down from a 19 million reais profit a year earlier due to fewer launches and gross sales. Like many of its competitors, the company is now trying to streamline and focus on inventories as it faces an uncertain economic environment in Brazil.
LAS VEGAS— A Nevada lawyer and three co-defendants have been found guilty of conspiracy and wire fraud in what a jury was told was a sweeping scheme to control homeowner associations and steer business to favored contractors and attorneys. The verdicts reached Tuesday in U.S. District Court in Las Vegas came after a two-week trial capping an investigation...
NEW YORK— Shares of some top construction companies are down at 1 p.m.:. Fluor fell$. 27 or. 5 percent, to $56.89. Quanta Services Inc. fell$. 35 or 1.3 percent, to $27.63.
DR Horton rose$. 09 or. 3 percent, to $26.45. Hovnanian Enterprises Inc. fell$. 05 or 1.5 percent, to $3.22. Lennar Corp. fell$. 25 or. 5 percent, to $48.61.