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NEW YORK-- Shares of some top construction companies are mixed at 10 a.m.:. Foster Wheeler fell$. 19 or. 9 percent, to $21.57. Quanta Services Inc. fell$. 09 or. 3 percent, to $29.72.
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DR Horton fell$. 11 or. 4 percent, to $27.32. Hovnanian Enterprises Inc. fell$. 14 or 2.3 percent, to $5.85. Lennar Corp. fell$. 47 or 1.1 percent, to $43.23.
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WASHINGTON, May 16- Ground-breaking for new U.S. homes plummeted more than expected in April from an almost five-year high, but applications to build new homes shows the housing sector could still contribute to the strengthening economic recovery.
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WASHINGTON-- Builders likely broke ground at a slightly slower pace in April but activity was expected to remain close to the 1- million mark. The Commerce Department will release the report at 8:30 a.m. EDT Thursday.
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DR Horton fell$. 17 or. 6 percent, to $27.43. Hovnanian Enterprises Inc. fell$. 13 or 2.1 percent, to $5.99. Lennar Corp. fell$. 18 or. 4 percent, to $43.70.
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Fluor rose$. 45 or. 7 percent, to $62.29. Foster Wheeler fell$. 09 or. 4 percent, to $21.76. Quanta Services Inc. rose$. 39 or 1.3 percent, to $29.80.
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DR Horton rose$. 12 or. 4 percent, to $27.72. Hovnanian Enterprises Inc. fell$. 03 or. 5 percent, to $6.09. Lennar Corp. rose$. 14 or. 3 percent, to $44.02.
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NEW YORK-- Shares of some top construction companies are mixed at 1 p.m.:. Foster Wheeler fell$. 10 or. 5 percent, to $21.75. Quanta Services Inc. rose$. 40 or 1.4 percent, to $29.81.
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RALEIGH, N.C.-- A bill rolling back energy-efficiency standards for commercial builders has passed the North Carolina House. John Torbett of Stanley said his bill helps encourage commercial development and reuse of vacant buildings because the codes drive up costs.
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DR Horton fell$. 01 or. 1 percent, to $27.59. Hovnanian Enterprises Inc. rose$. 02 or. 3 percent, to $6.14. Lennar Corp. rose$. 24 or. 5 percent, to $44.12.
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NEW YORK-- Shares of some top construction companies are mixed at 10 a.m.:. Foster Wheeler rose$. 04 or. 2 percent, to $21.89. Quanta Services Inc. fell$. 10 or. 3 percent, to $29.31.
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"I've had enough of Sudan and will go to Saudi Arabia," said Taha. " Taha, who has been working in an office accounts department for two years because he could not find a professional post, has just been hired as an engineer by a construction firm in Saudi Arabia- a move that will increase his salary sevenfold to 2,500 Saudi riyals a month.
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DR Horton rose$. 25 or. 9 percent, to $27.60. Hovnanian Enterprises Inc. rose$. 03 or. 5 percent, to $6.12. Lennar Corp. rose$. 64 or 1.5 percent, to $43.88.
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Fluor rose $1.26 or 2.1 percent, to $61.84. Foster Wheeler rose$. 01 or percent, to $21.85. Quanta Services Inc. rose$. 69 or 2.4 percent, to $29.41.
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*Results at Brookfield, PDG, Gafisa, MRV disappoint. SAO PAULO, May 14- Profit at Cyrela SA outperformed rivals in the first quarter as Brazil's largest homebuilder cut expenses and boosted sales during a tough period for the sector.
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WESTLAKE VILLAGE, Calif.-- Ryland Group Inc.' s strong sales trends from the first three months of the year have continued into April, suggesting a healthy spring selling season for the homebuilder.
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DR Horton rose$. 04 or. 1 percent, to $27.39. Hovnanian Enterprises Inc. rose$. 03 or. 4 percent, to $6.12. Lennar Corp. rose$. 66 or 1.5 percent, to $43.90.
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NEW YORK-- Shares of some top construction companies are up at 1 p.m.:. Foster Wheeler rose$. 04 or. 2 percent, to $21.88. Quanta Services Inc. rose$. 55 or 1.9 percent, to $29.27.
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DR Horton rose$. 01 or. 1 percent, to $27.37. Hovnanian Enterprises Inc. rose$. 05 or. 8 percent, to $6.14. Lennar Corp. rose$. 27 or. 6 percent, to $43.51.
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NEW YORK-- Shares of some top construction companies are mixed at 10 a.m.:. Foster Wheeler fell$. 09 or. 4 percent, to $21.75. Quanta Services Inc. rose$. 19 or. 7 percent, to $28.91.