ConDig (09-Nov-17). Profit at US homebuilder D.R. Horton rose 10% in its fiscal fourth quarter on increased revenue and home sales, with the largest US homebuilder also upping its revenue forecast for the year. The…
ConDig (30-Oct-17). US homebuilder Lennar Corp is set to acquire rival CalAtlantic Group in a stock-and-cash deal valued at about $9.3 billion, which would create the largest homebuilder in the country. The proposed deal comes…
ConDig (26-Oct-17). The New York City Department of Investigation (DOI) has arrested 14 people in connection with three construction fraud schemes in the New York borough of Brooklyn. One of the cases centered around several…
ConDig (25-Oct-17). The Occupational Safety and Health Administration (OSHA) has slapped a $201,354 fine on masonry contractor Ski Masonry LLC for fall and electrical violations on a construction site in Pittsburgh. OSHA launched the probe…
ConDig (24-Oct-17). New home sales in the US are set to grow 5-10% over last year’s levels amid strong demand, historically low interest rates and growth in first-time buyers entering the market, according to US…
ConDig (18-Oct-17). The Occupational Safety and Health Administration (OSHA) has hit the owner of New Jersey-based contractor DH Construction LLC with a fine of $191,215 for scaffold violations at a site in Philadelphia. OSHA said…
ConDig (17-Oct-17). Confidence among US homebuilders shot back up in October to reach a 6-month high after sentiment in the market crumbled last month following the impact of two major hurricanes. The National Association of…
ConDig (03-Oct-17). Lennar Corp posted a 5.6% hike in profit in the third quarter as revenues at the US homebuilder were boosted by higher home sales and prices. Despite being impacted by the recent hurricanes…
ConDig (28-Sept-17). The New York City Council has given the thumbs up to a construction safety bill that will require workers to undergo at least 40 hours of safety training over the next one to…
ConDig (27-Sept-17). Leaders of the US construction industry have given a tentative thumbs up to plans by President Donald Trump to initiate sweeping changes to the country’s tax code, including lowering individual and corporate taxes. Under…