Page 25 - Construction Data News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 vaccinations, warmer weather and massive fiscal stimulus are driving the economy, with growth this year e...

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 0.6%. However, the data also showed that the fall in gross domestic product in January was not as s...

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 from the Commerce Department on Wednesday also showed a sharp decline in building permits last month. I...

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 Canada’s national housing agency showed, though starts remain well above pre-pandemic levels amid ...