Building Construction Archives

China’s Stumbling Manufacturing, Property Sectors Show Long Road to Recovery

Admin31 July 2022

China’s major economic pillars wobbled in July with weakness in manufacturing and the all-important property sector, showing the pressure on a country that remains a drag on the struggling global...

Business

McDonald’s Revenue Down 3% on Russia Exit, Weaker Euro

Admin26 July 2022

McDonald’s MCD -1.42% Corp. said revenue ticked down in the second quarter, dragged lower by fewer sales at its company-operated restaurants amid the closure of its locations in Russia and...

Business

U.S. Home Prices Hit Record of $416,000 in June as Sales Continued to Slide

Admin20 July 2022

The U.S. housing market is rapidly cooling as record prices and rising mortgage rates weigh on home sales, locking out potential buyers.Slower activity in the housing market, halting a torrid...

Business

China Evergrande Prepares to Shed Light on Restructuring as Creditors’ Patience Wears Thin

Admin20 July 2022

China Evergrande Group has yet to reach an agreement with its international bondholders over a restructuring of the troubled property giant, according to people familiar with the matter, as a...

Business

If the U.S. Is in a Recession, It’s a Very Strange One

Admin4 July 2022

Economic output is down—but the job market is strong, unlike in previous recessions. It’s the latest twist in the odd trajectory of the pandemic economy. [ad_2] Source link

Business

Facebook Parent Meta Agrees to End Alleged Discriminatory Practices in Housing Ads

Admin22 June 2022

WASHINGTON—Facebook parent Meta Platforms agreed Tuesday to adopt new online advertising practices to settle an investigation by federal officials, who said its ads discriminated against users by race, gender and...

Business

U.S. Existing-Home Sale Prices Hit Record of $407,600 in May

Admin22 June 2022

The relentless climb in U.S. home values continued in May, when median prices shot above $400,000 for the first time while sales activity slowed under pressure from higher mortgage costs.Rapidly...

Business

Empty Wall Street Offices to Be Revived as Apartments

Admin21 June 2022

A venture of two New York developers has purchased a one-third empty office building in the city’s financial district with plans to convert it into apartments, one of the largest...

Business

Labor Shortage Stymies Construction Work as $1 Trillion Infrastructure Spending Kicks In

Admin20 June 2022

WASHINGTON—Construction projects across the U.S. are running short on labor just as $1 trillion in federal infrastructure money starts to kick in, leading companies to get creative in their quest...

Business

Home-Building, Retail Spending Drops Add to Signs U.S. Economy is Slowing

Admin16 June 2022

Residential construction declined sharply in May, adding to signs that U.S. economic growth is slowing. Housing starts, a measure of U.S. home-building activity, decreased 14.4% in May compared with the...