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Construction News

Construction news continually updated from thousands of sources around the net.

40 min ago | Wall Street Journal

Some Home Builders Say First-Time Buyers Returning, Others Not Sure

The anticipated return of first-time buyers to the housing market remains, like many economic indicators, prone to fits and starts.

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Related Topix: Financial Markets, Pulte, Centex, Home, Mortgage, Personal Finance, Housing

4 hrs ago | Business Journal

Outlook brightens for Birmingham's construction pipeline

The Gordian Group, a provider of pricing data, procurement software and services for the construction industry, has acquired RSMeans from Reed Construction Data.

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Related Topix: Gordo, AL

8 hrs ago | National Mortgage News

Major Builder Sees Opportunity in First-Time Buyers

Eight Reasons the Housing Recovery's Been So Slow From tight credit conditions to empty nesters, here is a litany of problems weighing on the housing market, as summarized in the minutes of last month's Federal Reserve policy meeting.

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Related Topix: Home, Mortgage, Personal Finance, Horton D R, Housing

10 hrs ago | Marine News

Gulf Island Fab Sign Bechtel Offshore Cooperation Agreement

Gulf Island Fabrication, Inc. says it has signed a cooperative agreement with Bechtel Oil, Gas, and Chemicals, Inc. to work together to pursue opportunities for offshore projects for the U.S. Gulf of Mexico and abroad.

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Related Topix: Energy, Oil & Gas, Gulf Island Fabrication, San Patricio County, TX

14 hrs ago | Ledger-Enquirer.com

Greenfield plant plans $5M upgrade

Kennametal Inc. plans to invest $3.4 million immediately on upgrades to the plant, equipment and machinery, as well as another $1.25 million over the next four years.

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Related Topix: Kennametal, Manufacturing, Industrial Machines, Latrobe, PA

16 hrs ago | Reuters

UPDATE 3-Caterpillar posts higher 2nd-quarter profit; sales fall

Caterpillar Inc reported higher-than-expected second-quarter earnings on Thursday but said sales fell as a continued slump in the global mining industry offset a rebound in the North American building sector.

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Related Topix: Manufacturing, Insurance, Caterpillar, Peoria, IL

Thu Jul 24, 2014

Reuters

Sluggish Latin American results show risks for U.S. companies

U.S. companies are reporting sluggish financial results in Latin America, showing the risks they face in relying on Brazil and other emerging markets in the region for growth.

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Related Topix: Manufacturing, 3M, Chemicals, Insurance, Caterpillar, Champaign, IL

Business Journal

Big drop in U.S. home sales takes the wind out of Meritage, home builder stocks

Meritage Homes posted 15 percent earnings growth in the second quarter compared with a year ago but the Scottsdale-based home builder's stock took a hit Thursday morning with a big drop in new U.S. home sales.

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Related Topix: Meritage Corporation, Housing, Financial Markets

Business Journal

'An ironic choice:' Bellevue site chosen for new light rail yard

Sound Transit already owns the old International Paper plant property on 120th Ave. NE in Bellevue that will become the location of a controversial Sound Transit rail maintenance yard.

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Related Topix: Paper, International Paper

Business Journal

Lennar looks to build 395-unit Tempe apartment complex east of ASU

Big national home builder Lennar Corp. continues its push into the local multifamily marketplace.

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Related Topix: Lennar, Tempe, AZ, Arizona State University

Business Journal

Coventry Homes raising roofs again in S.A.

Houston-based McGuyer Homebuilders Inc. has announced plans to build product in several new subdivisions in the greater San Antonio market.

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Related Topix: McGuyer Homebuilders

Daily Journal

PulteGroup 2Q profit climbs 15 percent

PulteGroup Inc. on Thursday reported profit that rose by 15 percent in its second quarter, and fell short of analysts' expectations.

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Related Topix: Pulte, Bloomfield Hills, MI

Business Journal

PulteGroup Q2 profit jumps 15%

The Atlanta-based homebuilder benefitted from the improving housing market in the second quarter, posting a 15 percent gain in profit.

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Related Topix: Pulte

Beverley Today

Students get work through A 22 million bypass scheme

Students who are learning their trade as part of the construction of East Riding of Yorkshire Council's 22million Beverley Integrated Transport Plan have secured job offers before they have even finished their studies.

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Related Topix: East Riding of Yorkshire County, England, United Kingdom,

The Moultrie News

Lennar names Jason Byham new President of Coastal Carolina Division

Lennar Homes, one of the nation's leading homebuilders, is pleased to announce that Jason Byham has been named Coastal Carolinas Division President.

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Related Topix: Lennar, Marketing, Myrtle Beach, SC

Nashville Scene

The horsey set and a casino-equipment inventor hit the jackpot in...

June was a solid month for real estate overall. The area saw a 9.3 percent bump in sales over the same month in 2013, ending a streak of either anemic growth or downright shrinkage.

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Related Topix: Best of 2007, Nashville, TN, Brentwood, TN, Retail, Tractor Supply, Murfreesboro, TN

Wed Jul 23, 2014

Daily Pennsylvanian

PennDesign Dean accepts extended term

During her term as dean, Marilyn Taylor oversaw the 13 percent growth of the student body and the 20 percent growth of the standing faculty at PennDesign.

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Related Topix: University of Pennsylvania, Skidmore Owings and Merrill, Architecture

The Washington Post

Buffett Faces End of $255 Million a Year From Dow Chemical

Dow Chemical Co. shares rallied past $53.72 today for the first time in nine years.

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Related Topix: Rubber-Plastics, Manufacturing, Dow Chemical, Chemicals, Berkshire Hathaway, Investment Services, Rohm and Haas, Goldman Sachs, Financial Services, Midland, MI

Patch.com

Town of Chevy Chase Questions Purple Line Ridership Numbers

Questioning the validity of Purple Line ridership estimates, the Town of Chevy Chase voted at its July 9 council meeting to formally submit a Maryland Public Information Act request to the state asking for the methodology and models used to develop ridership estimates for the proposed $2.37 billion light rail system.

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Related Topix: Maryland, Parsons Brinckerhoff, Architecture

Business Journal

Private equity firm buys majority stake in Reed Construction Data

Warburg Pincus LLC acquired a 51 percent stake in the Norcross, Ga.-based Reed Construction Data, which is an information services provider to the construction industry.

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Related Topix: Startups, Warburg Pincus, Gwinnett County, GA, Norcross, GA

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