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Housing starts hit 1.5 year high in November

Housing starts and permits for future construction jumped to a 1-1/2 year high in November as demand for rental apartments rose, suggesting the housing market was starting to recover.

 

Home building jumps in June after dismal spring

Builders broke ground on more single-family homes and apartments in June, helping the battered construction industry gain a little life after a dismal spring.

 

Dow, Nasdaq have best month of the year

Dow, Nasdaq have best month of the year

Caterpillar drove the Dow Jones industrial average higher Friday after the company reported a huge gain in first-quarter earnings. The world's largest maker of mining and construction equipment rose 2.5 percent after its earnings increased more than five-fold. The company also raised its sales and profit forecast for the year.

 

U.S. Construction Spending and Factory Use Rise

New data indicate the American economy is continuing to recover despite the European slowdown.

 

Construction spending rises in September

Construction spending in September posted a better-than-expected performance, powered by the largest jump in housing construction in more than six years.

 

Stocks Surge in Morning Trading

Wall Street climbs on reports that show growth in construction spending, new home sales.

 

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