Construction and Real Estate

Reuters | |

WASHINGTON (Reuters) - U.S. homebuilding dropped by the most on record in April and permits for future construction tumbled, underlining fears that the novel coronavirus crisis would lead to the deepest economic contraction in the second quarter since the Great Depression. The report from the Commerce Department on Tuesday added to dismal data this month showing a staggering loss of 20.5 million jobs in April and a collapse in retail sales and manufacturing production. Housi...

David Trainer | |

For long-term investors, now is an excellent time to buy leading businesses, with the cash flows and balance sheet to survive the downturn, at significant discounts. Investors overlooking Simon Property Group are in the Danger Zone. Investors willing to lift their gaze past the (inevitable and steep) dip in economic activity should consider this Long Idea for their portfolio. Simon’s History of Profit Growth. Simon is down 63% year-to-date (YTD) and trades below its economic book value, or no-growth ...

Reuters | |

CHICAGO (Reuters) - While Detroit automakers’ unionized auto factories have been idled by the coronavirus pandemic, farm and construction equipment makers Deere and Caterpillar have won the support of the United Auto Workers and other unions to run their facilities during the pandemic. As U.S. states begin to lift lockdown orders and companies gear up to restart production, the policies put in place by the two heavy equipment makers offer a template for returning worker...

Reuters | |

Walmart said the hike will increase entry wages for workers in e-commerce fulfillment centers or warehouses to between $15 and $19.

Jared Dillian | |

This is the benchmark we should be using for the next 10 years and beyond.

Reuters | |

It would be one of Blackstone's largest bets in China.

Reuters | |

Housing starts dropped 3.6% to a seasonally adjusted annual rate of 1.567 million units last month.

AP News | |

Net income rose 5% to $1.1 billion, or $1.97 per share, in the quarter ended in December, the manufacturer said Friday.

Stephen L Kanaval | |

TRMB is now less hardware and more software, which makes it far more lean.

​The Otis Elevator Spinoff Deserves Attention

Stephen L Kanaval | |

Otis will instantly be a Fortune 500 company when it separates from United Technologies next year.

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