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DR Horton narrows loss as orders surge

DR Horton, the second biggest homebuilder in the US, sees its losses narrow in the latest quarter as house orders surged, but says market conditions remain challenging

New house builds climb

The number of homes being built has risen to its highest level for more than a year

Wolseley continues to see ‘tough’ markets

The building materials group continues to experience ‘extremely tough’ market conditions as it reported falling revenues and a rise in net debt to £1.2m for the three months to November

Bovis Homes upbeat

The Kent-based housebuilder says the number of private reservations has risen by 83% this year. It expects to see a gradual improvement of the housing market

Barratt cautious on housing market

Britain’s largest housebuilder says it does not expect any short-term improvement in the subdued level of activity in the housing market

Beazer chief warned of possible SEC action

The US Securities and Exchange Commission is considering filing a lawsuit to recover bonuses from the chief executive of Beazer Homes, which last year settled allegations of misstating earnings

Performance in Asia crucial for Caterpillar

With Caterpillar’s sales in other parts of the world having been pushed down by the economic downturn, its activities in Asia have taken on more importance

Persimmon upbeat as orders swell

A plump order book and reduced levels of borrowing helped the York-based housebuilder deliver an upbeat trading statement

Big builders yet to feel effect of stimulus

A report finds only 10-15% of leading international construction groups expect state intervention into the industry would provide significantly greater opportunities

Contract Journal closes

Reed Business Information to close 130-year-old construction publication

Building surge in emerging markets tipped

Contract awards boost Balfour Beatty

CRH profits to halve

Bilfinger plans Australian unit IPO

Douglas quits as O’Rourke stays on

Kier eyes challenge to OFT ruling

JCB reshuffle heralds next generation

Retailers and builders spur recovery hopes

Middle East begins to rebuild

Backlash at building sector tax proposals

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