Chinese dictator Xi Jinping on Monday promoted his “Beautiful China” initiative at a Chinese Communist Party Central Committee meeting, urging the party to build a “modern socialist country in all respects” by 2035.
At least three construction workers died when scaffolding fell down an elevator shaft inside a building site in Hamburg on Monday.
Single-family home construction continued to rebound and factory construction spending is still rising.
At least six people were injured in Manhattan after the top of a burning crane collapsed into the street below.
South Korean President Yoon Suk-yeol made a surprise visit to Kyiv, Ukraine, this weekend, resulting in major agreements for Korean companies to participate in building railways, airports, and a “smart city” in Ukraine after the culmination of the ongoing Russian invasion.
It’s not exactly a self-evident truth, but it is a data-evident truth: the U.S. housing market is recovering.
The bones of the U.S. economy are looking good as we hurtle toward the warming months.
Big-ticket donors are withholding cash because they allegedly feel the legislative influence they they were buying is not being delivered.
The gains in April were driven by single-family construction in the West and multifamily construction around the country.
The nascent recovery in the U.S. housing market took a breather in March.
Erzin, Hatay province, a town of about 40,000 people, experienced no deaths, injuries, or building collapses despite being in the heart of earthquake-devastated east Turkey and continues to operate in a relatively normal state as of Wednesday.
If the housing market is in a recession, why are homebuilders still employing so many construction workers?
A big jump in spending on manufacturing facilities fueled an unexpected rise in November. Home building, however, remains in decline.
South Korea’s trucker crisis came to a head on Tuesday when the government ordered striking truckers to return to work, even though the truckers say that no deal to address their grievances has been reached.
Tempers are on show as rebels attempt to amend the govt’s flagship housebuilding bill, with detractors calling them “selfish and wicked”.
Single-family home construction spending dropped 2.9 percent.
In inflation adjusted terms, single-family home construction spending is probably down by twenty percent or more.
Construction of single-family homes has fallen below its prepandemic level.
Portugal’s government will liberalise migration rules, using immigration as a quick fix for gaps in the labour market.
Retail and construction openings crashed in June as the Fed raised interest rates at the fastest pace in decades.
Dozens of housing projects across China recently resumed construction after their stalled progress inspired a nationwide boycott in which Chinese homebuyers pledged to halt mortgage payments on pre-purchased, unfinished homes until building continued, China’s state-run Global Times reported on Sunday.
Chinese state regulators vowed to help local governments complete unfinished property projects on Thursday after 100-plus delayed housing projects nationwide reported mortgage defaults in recent days, the state-run Global Times reported.
The need for more construction crews is forcing builders to compete for workers with offers of higher wages, training of young Americans, and advertising jobs in distant states, says an article in the Wall Street Journal.
Construction delays, high prices for materials, and rising interest rates took a bite out of single-family construction in March.
Compared with a year ago, construction spending was up 8.2 percent. Single-family home construction spending was up 15.4 percent.
Saudi Aramco, the extremely wealthy national oil company of Saudi Arabia, on Wednesday announced the establishment of a “Non-Metallic Excellence and Innovation Center” (NEXCEL) in Beijing to promote the use of alternatives to metal in construction projects.
The nation’s builders already struggling with the supply chain crisis now face a vaccine mandate that could make home construction harder.
The price tag on lumber, after declining since its all-time high in May, could climb higher through the early months of the coming year, experts recently told Insider.
Spending to build new single-family homes rose sharply in July even though housing starts fell by more than expected, indicating that inflation is weighing on the housing market by pushing costs higher.
China’s National Development and Reform Commission on Tuesday banned the construction of buildings taller than 500 meters (about 1640 feet) in the country amid concerns about the quality of some Chinese-built skyscrapers, Bloomberg reported on Wednesday.
Overall construction spending fell as hotels, offices, and shopping malls tumbled further
New home construction missed expectations for the second month in a row, weighed down by rising costs of labor, lumber, and other materials.
A handyman accused of fatally shooting a woman who worked in construction was later run over by her boyfriend in an alleged act of revenge at a New York City construction site Wednesday, according to a video.
Compared with a year ago, the private sector spent 20.6 percent more on single-family construction in February.
Egypt is scrambling to complete a new administrative capital east of Cairo in time to receive its first civil servants by July, the government confirmed this week.
The home building industry’s confidence was shaken by high-priced materials and rising interest rates in March, according to research from a trade group released Tuesday.
The uprising against urban living drove single-family home construction up more than 23 percent comapred to last year
The flight from the cities drove up spending on houses even as the weather turned colder in November.
U.S. construction spending jumped by more than expected in October, driven higher by demand for single family homes.
Spending on single family homes jumped 5.5 percent in August while spending on aparment buildings and office buildings fell.
