GO
Loading...

Construction Materials

More

  • CNBC's Pearson & Pisani: Housing Numbers Show Promise Thursday, 28 Dec 2006 | 10:37 AM ET

    The numbers for existing U.S. home sales in November are out and they’re modestly better than expected. CNBC's Hampton Pearson was at the National Association of Realtors in Washington when the numbers came out. He gave the figures on “Morning Call.” Total existing home sales rose 0.6% in November to 6.28 million – up from 6.24 million in October. That’s a 0.1% increase.

  • CNBC's Domm: Stock Breather and Apple Options Thursday, 28 Dec 2006 | 8:10 AM ET

    U.S. stocks look set to open lower, taking a breather from Wednesday's record setting gains that sent the Dow above 12,500 for the first time. As we've mentioned--key data to set direction today will be the existing home sales report, jobless claims, consumer confidence and oil inventories. Apple shares are lower in premarket trading.

  • Today on cnbc.com: Tech Stocks, Edwards, Housing Thursday, 28 Dec 2006 | 8:00 AM ET

    Good morning. Our quote of the day comes from the stage and film actress Ruth Gordon (of "Harold and Maude" fame): "To be somebody you must last."  The lasting memory of Gerald Ford is being honored. Funeral arrangements announced Wednesday include placing the former president's casket for repose outside the U.S. House chamber--and then placing it for repose outside the Senate chamber.

  • BusinessWeek's Most Accurate Forecaster For 2006 Wednesday, 27 Dec 2006 | 3:19 PM ET

    His economic forecast for 2006 was spot on – and now he’s been named "Most Accurate Economist of the Year." On today's "Street Signs" CNBC's Erin Burnett revealed who "he" is – and the warning he has for 2007. BusinessWeek has named Kenneth Mayland “Economic Forecaster of the Year.”  (He’s is the Chief Economist with Clearview Economics)....

  • Top strategists offer predictions on oil, the S&P 500 -- and which sectors you should invest in.

  • U.S Housing Stocks: Recommendations For 2007 Wednesday, 27 Dec 2006 | 10:59 AM ET

    The U.S. housing market has certainly gone through a rough patch lately--but there is some good news on stronger home sales--as we've reported. The Commerce Department says new U.S. home sales rose 3.4% in November. Analysts were looking for a gain of 1-2%.  But new home sales are still down from a year ago by 15.3%. So--are there any good stock recommendations out there? 

  • Analyst: Housing Bubble Fears Behind Us Wednesday, 27 Dec 2006 | 10:47 AM ET

    New home sales numbers were released this morning. They’re more than double what was expected, jumping 3.4%, or 1.047 units sold. Peter Morici, a former chief economist for the U.S. International Trade Commission, was on “Morning Call,” and he’s saying this is “very good news for the economy.”

  • CNBC's Liesman Calls Philly Fed Data "A Shocker" Thursday, 21 Dec 2006 | 12:22 PM ET

    The latest data from the Philadelphia Federal Reserve came out today and it startled CNBC's Senior Economic Reporter, Steve Liesman.  Here's why.

  • CNBC's Liesman: White House Sees Rosy Economy Tuesday, 19 Dec 2006 | 1:52 PM ET

    Where does the Bush Administration think the U.S. economy is really heading? CNBC's Steve Liesman sat down with the White House economic team, then went straight from the meeting to "Power Lunch" and told CNBC viewers all about it.

  • Analyst: No Housing Turnaround 'Til 2008 Tuesday, 19 Dec 2006 | 12:28 PM ET

    Analysts questioned by CNBC seem to discredit the November housing starts number released today. The report showed an increase of 1.58 million units, or 6.7% – a sharp difference from the 13.7% decline in October. Commerce Bank Chief Economist Joel Naroff gave the report a resounding pshaw on “Morning Call.” Don’t expect a real turnaround in the sector until at least early 2008, he says.

  • CNBC's Domm: Today's Market Preview Tuesday, 19 Dec 2006 | 8:03 AM ET

    Stocks look set to open lower after a sell off in energy and tech took the wind out of the year end rally yesterday, despite nearly $90 billion in deal announcements. Investors will be closely watching the ripple effect in emerging markets from Thailand's clampdown overnight on speculation in the baht....

  • Today on cnbc.com Tuesday, 19 Dec 2006 | 7:38 AM ET

    Good morning. Our quote of the day comes from the poet Horace: "As a rule, adversity reveals genius and prosperity hides it." We'll see just how prosperous the U.S. housing market is today--when the housing starts and building permit numbers come out around 8:30 a.m. ET. We'll have guests including President and CEO Ara Hovnanian of Hovnanian Enterprises..

  • U.S. Housing And Autos: Primed to Start A Recession? Friday, 15 Dec 2006 | 9:31 AM ET

    According to the old adage, "Housing and autos lead the economy into recession".  In theory, it should be a scary time to be in the stock market. Housing starts are off 29% and domestic auto sales have slumped 8%. But many on Wall Street are offering an even scarier piece of investment advice, "It's different this time around."  Well, is it? The “Squawk Box” team investigated. 

  • Analyst: Housing Is Key To U.S. Economy Thursday, 14 Dec 2006 | 10:08 AM ET

    Many analysts say housing is the key to the future direction of the U.S. economy as well as the Fed's monetary policy and the financial markets. Joseph Keating is one of those. He's Chief Investment Officer at First American Asset Management. Keating appeared on "Squawk on the Street." Keating believes...

  • Home Depot Builds Fortunes In Far East Wednesday, 13 Dec 2006 | 4:31 PM ET

    Home Depot is eager to break down a Great Wall - and build it’s fortune in China. Today, the company secured agreements from Beijing to buy HomeWay, one of China's top home-improvement retailers. Shares jumped about 1% on the move. On CNBC’s “Closing Bell,” Dylan Ratigan examined just how quickly the Atlanta-based retailer can turn a profit on that play.

  • Amec Issues Profit Warning Wednesday, 13 Dec 2006 | 4:54 AM ET

    Amec, a British engineering-services company, said Wednesday it plans to sell parts of the business and at the same time issued a profit warning.

  • Former Fed Gov: No Change In Fed's Message Today Tuesday, 12 Dec 2006 | 9:30 AM ET

    Investors won’t have to wait much longer to find out where the Fed stands on interest rates. The FOMC announcement comes at 2:15 p.m. New York time (and you can see it live on cnbc.com). It's widely expected that interest rates will hold steady at 5.25% for the fourth consecutive time. More important will be clues the central bank gives about its intentions for next year.

  • Italy to Sue Autostrade in Blow to Abertis Deal Monday, 11 Dec 2006 | 2:53 AM ET

    The board of Italy's highways regulator, ANAS, has decided to sue highway operator Autostrade  for failing to make $2.7 billion in investments stipulated by its tollways license.

  • Sub-Prime Lenders Hit by U.S. Housing Slump? Friday, 8 Dec 2006 | 1:23 PM ET

    The slump in the U.S. housing market is having a major impact on the risky sub-prime loan business--and on the big financial firms that invest in it. CNBC's Steve Liesman had the details on "Power Lunch." Liesman said that Fitch Ratings has placed the mortgage service business Ameriquest--the nation's biggest private mortgage company--on what Fitch calls "ratings watch evolving."

  • The REIT Stuff: Prologis CEO Explains China Play Friday, 8 Dec 2006 | 12:38 PM ET
    Prologis

    REITs have been on a tear. Although glamorous properties are attracting attention from private equity, warehouse properties have been the standouts for investors. The world's largest industrial REIT is Prologis and today--the company announced an expansion of 3.3 million square feet of warehouse space in China, where it is already something of a trailblazer in the sector.