ConDig (26-Sept-17). US homebuilder D.R. Horton has slashed its cash flow from operations forecast by 50% for fiscal 2017 due to building delays after two major hurricanes struck the US this month. For its fiscal…
ConDig (19-Sept-17). Construction of new homes in the US crumbled for a second straight month in August as a lingering weakness in the volatile multifamily home sector outweighed a rise in single-family home starts. Housing…
ConDig (30Aug-17). Over two thirds of contractors in the US are struggling to find qualified craft workers to fill hourly positions, according to a survey by the Associated General Contractors of America and engineering and…
ConDig (11-Aug-17). The Construction Safety Advisory Committee of New York (CSACNY) has blasted what it describes as the “rampant” use of fraudulent safety training cards that are putting construction workers at risk of injury and…
ConDig (10-Aug-17). Residential and commercial roofing contractor Great White Construction Inc. is facing fines of more than $1.5 million by the Occupational Safety and Health Administration (OSHA) for fall hazards. Based in Jacksonville, Florida, Great…
ConDig (1-Aug-17). Profit at Sterling Construction Co surged in the second quarter as the Texas-based civil contractor reported a 30% rise in revenue. The Woodlands, Texas-based company booked net income of $3.7 million in the…
ConDig (26-Jul-17). Profit at construction equipment supplier Caterpillar Inc shot up 46% in the second quarter as sales increased 10%. The Peoria, Illinois-based company posted profit of $802 million in the three months ended June…
ConDig (26-Jul-17). US homebuilder D.R. Horton, which last month entered a merger agreement with residential developer Forestar Group Inc, booked a 16% rise in profit in its fiscal third quarter, while growth in orders for…
ConDig (20-Jul-17). Construction of new homes in the US picked back up in June, rising 8.3% from the month prior to a seasonally adjusted annual rate of 1.215 million compared with May’s upward-revised total of…
ConDig (03-July-17). US construction spending was flat in May compared with the month prior as a fall in homebuilding was offset by an uptick in nonresidential construction, according to latest Commerce Department figures. Overall construction…