Page 13 - Construction Data News Today

6 Min Read WASHINGTON (Reuters) -U.S. homebuilding surged to nearly a 15-year high in March, but soaring lumber prices amid supply constraints could limit builders’ capacity to boost production and ease a shortage of homes that is threatening to slow housing market momentum. The sharp rebound reported by the Commerce Department on Friday added to robust retail sales in March in suggesting that the economy was roaring after a brief weather-related setback in February. Increasing COVID-19 vacci...

Britain's economy grew by 0.4% in February from January as companies prepared for the lifting of a third coronavirus lockdown, according to official data which also showed a partial recovery in post-Brexit trade with the European Union.

3 Min Read LONDON (Reuters) - Britain’s economy grew by 0.4% in February from January as companies prepared for the lifting of a third coronavirus lockdown, according to official data which also showed a partial recovery in post-Brexit trade with the European Union. People enjoy the evening at an outside restaurant area in Soho, as the coronavirus disease (COVID-19) restrictions ease, in London, Britain April 12, 2021. REUTERS/Henry Nicholls Economists polled by Reuters had expected growth of...

6 Min Read WASHINGTON (Reuters) - U.S. homebuilding dropped to a six-month low in February as severe cold gripped many parts of the country, in a temporary setback for a housing market that remains supported by extremely lean inventories amid strong demand for larger homes. FILE PHOTO: Clothes hang outside to dry behind an apartment as a buzzard flies during the spread of the coronavirus disease (COVID-19) in West Belle Glade, Florida, February 9, 2021. REUTERS/Shannon Stapleton The report fro...

2 Min Read FILE PHOTO: A row of houses stand in a newly built subdivision in East Gwillimbury, Ontario, Canada, January 30, 2018. REUTERS/Mark Blinch nada OTTAWA (Reuters) - Canadian home sales and prices continued to surge in February, setting new records amid strong demand across much of the country, prompting the Canadian Real Estate Association (CREA) to revise up its sales forecasts for the year. Separately, housing starts fell in February from January, as cold weather returned, data from ...

Britain's economy shrank by a less severe than expected 2.9% in January from December as the country went back into a coronavirus lockdown, official data showed on Friday.

By Reuters Staff 2 Min Read FILE PHOTO: Construction cranes are seen with St Pauls Cathedral and the shard skyscraper nearby, in the city of London, Britain, August 10, 2020. REUTERS/Toby Melville LONDON (Reuters) - Britain’s construction industry perked up more than expected in February, helped by a return to growth in the commercial sector as businesses gave the green light to projects suspended earlier in the COVID-19 pandemic, a survey showed on Thursday. The IHS Markit/CIPS UK Constructi...

Contracts to buy U.S. previously owned homes fell in January amid a continued shortage of houses available for sale.

Sales of new U.S. single-family homes increased more than expected in January, boosted by historically low mortgage rates and an acute shortage of previously owned houses on the market.

Sales of new U.S. single-family homes increased more than expected in January, boosted by historically low mortgage rates and an acute shortage of previously owned houses on the market.