Singapore Provides Extra Support for Construction, Marine Sector

Singapore will provide an additional S$320 million ($233 million) of support for firms in the construction, marine shipyard and process sectors, the government said Saturday. That’s on top of a S$1.36 billion aid package announced in June. “The majority of an estimated 15,000 firms in the construction, marine shipyard and process sectors continue to face […]

U.S. June New-Home Sales Surge to Highest in Almost 13 Years

New-home sales in the U.S. increased to an almost 13-year high in June, fueled by record-low borrowing costs and adding to evidence that residential real estate is a bright spot for the economy. Purchases of new single-family houses climbed 13.8% to a 776,000 annualized pace, from an upwardly revised May increase of 19.4%, government data […]

U.S. Housing Starts Jump 4.3% In May But Miss Estimates

New residential construction in the U.S. showed a notable rebound in the month of May, according to a report released by the Commerce Department on Wednesday, although housing starts still came in well below economist estimates. The report said housing starts jumped by 4.3 percent to an annual rate of 974,000 in May after plummeting […]

U.S. Housing Starts Pull Back After Reaching 13-Year High

A report released by the Commerce Department on Wednesday showed a pullback in new residential construction in the U.S. in the month of January. The Commerce Department said housing starts slumped by 3.6 percent to an annual rate of 1.567 million in January after soaring by 17.7 percent to a revised rate of 1.626 million […]