US homebuilders’ sales expectations slip as financing costs rise
US homebuilders grew less upbeat this month about sales prospects as surging mortgage rates risk spooking buyers. A gauge of...
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Construction
Old equipment squeezes used-construction equipment values
Dealers chipped away at their piles of used construction equipment in December, but older-model-year inventory and a volatile auction market...
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Oshkosh Corp. launches advanced equipment product suite
Equipment manufacturer Oshkosh Corp. unveiled a suite of electrification, AI, autonomy, and connectivity solutions aimed at supporting everyday heroes such...
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Top 5 construction stories of 2024
The construction equipment industry was bogged down by high interest rates and subdued homebuilding in 2024, but increased infrastructure spending...
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Toro’s Red Iron net receivables drop 6%
Red Iron, the finance joint venture minority owned by power equipment manufacturer The Toro Co., reported a decline in net...
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US housing starts fall to four-month low on multifamily decline
US new-home construction unexpectedly fell in November as a drop in multifamily projects mitigated a rebound in starts of single-family...
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US homebuilder outlook jumps on optimism Trump will cut red tape
Home builders’ outlook for the next six months rose to the highest in more than 2 1/2 years on optimism...
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ELFF: Infrastructure, homebuilding to spur equipment finance growth
Equipment lenders, dealers and manufacturers are poised to benefit from increased homebuilding and infrastructure projects next year, although construction loan...
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