Latest Construction sector performance News

Yellen downplays US recession risk as economic reports loom

Jul. 24, 2022 17:42 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen on Sunday said the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession. Yellen spoke on NBC's “Meet the Press” just before a slew of economic reports will be released this week that...

Housing market chills as mortgage rates, prices scare buyers

Jul. 21, 2022 12:02 PM EDT

NEW YORK (AP) — Kyle Tomcak was looking for a home for his in-laws in the suburbs around Denver, something priced close to $450,000. Tomcak became dispirited as he lost out to investors fronting cash offers $100,000 over the asking price. Then mortgage rates ballooned, putting his...

Researchers harness algae to 'grow' construction cement

Jul. 16, 2022 10:11 AM EDT

DENVER (AP) — The massive worldwide pouring of concrete as developers densify cities could be transformed, eliminating heat-trapping pollution into the atmosphere, by switching to a new kind of cement created in Colorado — cement that is “grown” by harnessing tiny sea organisms. ...

Baltimore's vacant homes draw interest from investors

Jul. 10, 2022 09:05 AM EDT

BALTIMORE (AP) — Members of a community development group gathered outside a vacant West Baltimore rowhouse on a cloudy winter morning, preparing for an auction, when a stranger in his 20s showed up with a New York accent and slicked-back hair. As the auctioneer called out bids for...

Asian markets follow Wall St higher as recession fears ease

Jul. 08, 2022 00:02 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street higher Friday after two Federal Reserve officials said the U.S. economy might avoid a recession and news reports said China might boost construction spending to stimulate its struggling economy. Shanghai, Tokyo, Hong Kong and...

Storm's damages put focus on Cuba's dire housing crisis

Jun. 22, 2022 13:17 PM EDT

HAVANA (AP) — Olga Lidia Lahera lives with her daughter and two granddaughters in a tiny 15-square-meter (160-square-foot) apartment with peeling plaster walls that has barely enough room for a shelf with pots and a rickety sofa bed. A cloth curtain separates the space they use to wash up. There...

This Week: Powell testimony, FedEx results, May home sales

Jun. 20, 2022 00:19 AM EDT

A look at some of the key business events and economic indicators upcoming this week: Powell testimony Federal Reserve Chair Jerome Powell will testify before Congress on Wednesday and Thursday to give his regular, semi-annual updates on monetary policy. The Fed has...

This Week: New home sales, Fed minutes, Macy’s results

May. 23, 2022 00:11 AM EDT

A look at some of the key business events and economic indicators upcoming this week: HOUSING MARKET BAROMETER The Commerce Department issues its April tally of new U.S. home sales Tuesday. Economists forecast that sales slowed again last month to a...