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More major home builders, including some with significant Central Florida operations, reported weaker preliminary sales Tuesday. But analysts at one Wall Street firm upgraded builder stocks on grounds that the worst of the slump may be over.
D.R. Horton, one of the nation's largest home builders, said orders fell 25 percent in its fiscal fourth quarter. But the company, based in Fort Worth, Texas, was one of several builders on Tuesday that earned a stock upgrade by JP Morgan Securities.
Horton and Standard Pacific Corp., which builds homes in four Western states, had their stock raised to "overweight" from "neutral," and Toll Brothers, the nation's largest luxury builder, had its stock raised to "neutral" from "underweight."
Both D.R. Horton and Toll Brothers build throughout Central Florida.
JACQUIE Norton has returned to Mount George after the tragic car accident in February which left her paralysed from the chest down, and she is keen to thank the community that rallied together to complete her new home. "I'm overwhelmed, it's just blown me away. I didn't believe that people could get together and help others in situations like this," said Jacquie. At the time of the accident the Nortons' home was in the very early stages of construction but thanks to a special group of close friends including Lyn King and Cindy Smoothy a campaign was set in place to finish the home to accommodate her special needs before she returned from hospital. .
Stor edge self storage has begun construction on its newest location in Windermere, British Columbia. The Lake Windermere location will be the first in BC for the expanding storage services franchise. Calgary, AB (PRWEB) October 16, 2006 -- Stor edge self storage has begun construction on its newest location in Invermere, British Columbia. The Lake Windermere regional facility will be the 7th one the five-year-old company has opened, and the first in BC, as its exciting franchise continues to grow across Canada. Bill Roberts, Vice President of Stor edge self storage Group of Companies, had this to say of the new development: "Obviously we're very excited to be opening yet another location and particularly proud to be expanding into the BC market. By aggressively building the Stor edge brand, we are able to a new range of storage services to customers in the south eastern British Columbia region while continuing to expand across the country."
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On a visit to Charleston about 30 years ago, comedian Red Skelton remarked, "It will be a nice town n if they ever get it finished."With all respect to the now-deceased entertainer, communities on the move are never finished. And Charleston is no exception.There is construction on several fronts in Charleston.Crews just completed improvements on Second Street between Lincoln and Pierce streets on the east side of Morton Park. At the same time, construction continues on Polk and Division streets. Both roadways are being widened and improved.Polk continues to be upgraded as an alternative east-west route to Lincoln Avenue, while Division has been in need of resurfacing and curbs for some time.But the point is that the improvements are gradually being made. City officials have a plan and are moving ahead.The City Council recently started the process to widen and resurface Fourth Street from Harrison north to State Street.
Representatives from the Nebraska Department of Roads plan to conduct a question-and-answer session with the public Tuesday about its plan to widen a portion of Highway 36. The plan calls for increasing the number of lanes on the highway between I-680 and Highway 31. It could include construction of an interchange at Blair High Road. Department of Roads officials say homes and other structures might need to be acquired as part of the project. The meeting will be held from 5 p.m. to 7 p.m. at Bennington High School at 16610 Bennington Road. .
WASHINGTON - Housing construction plunged in August, falling to the lowest level in more than three years as the once-booming industry showed further signs of a dramatic slowdown.
The Commerce Department reported Tuesday that construction of new homes and apartments fell by 6 percent, the third consecutive decline and a much bigger setback than analysts had been forecasting.
The weakness pushed the annual rate for construction down to 1.665 million units, the slowest pace since April 2003.
Meanwhile, wholesale prices edged up a modest 0.1 percent in August, and outside of energy and food, prices actually fell for a second straight month. That hadn't occurred in more than three years, the Labor Department said.
Analysts said the slowdown in inflation should reassure the Federal Reserve that it can continue to keep interest rates on hold.
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