The steep slump in housing intensified at the end of last year, pushing home construction down by the biggest amount in nearly three decades.
Analysts forecast more bad news in the months ahead with the big question remaining whether the housing slump will be severe enough to push the country into a recession.
The Commerce Department reported [...]

New York-based Firebird investment fund has bought a 40% share of the Tbilisi-based construction and real estate developer, Iberia, with the purchase of 11,000 newly issued shares.
The amount paid for the shares has not been disclosed.
Iberia said on January 21 it would use the investment to develop the company’s existing projects and to purchase land [...]

The construction of three stations and eight substations along Bungo/Baia railway line, which started in mid 2007 is already at the final stage, informed to ANGOP Luanda Railway (CFL) project director, Paulo Cuanza.
In an interview to ANGOP, the official said that of the three stations, two are new, namely Musseques and Viana, while the one [...]

Construction of the RM3 billion Penang Second Bridge will begin after the Chinese New Year holiday, said Penang Second Bridge Task Force head Tan Sri Zaini Omar.
“The preliminary work is progressing as scheduled with no major problems encountered while the actual work on the bridge will begin after the Chinese New Year,” he told a [...]

The eighth annual Construction Safety Expo for workers — which includes classes on construction safety such as electrical, scaffolding and crane operations — will be this Saturday, from 9 a.m. to 5 p.m. at the Atlantic Technical Center in Coconut Creek, 4700 Coconut Creek Pkwy.

Construction services group Global Construction Services (ASX: GCS.AX) is pleased to announce the launch of operations in the North West with the opening of a new business division in Karratha, Western Australia.
The new division will operate as GCS Northwest Pty Ltd, a subsidiary business to GCS Group.
GCS Group Managing Director Enzo Gullotti said the new [...]

The volume of construction materials sales at the commodity exchange (UzEX) is constantly rising, which is the results of the increase in the volume of construction works being carried out in the country and the Central Asian region as a whole. At the same time the sales dynamics for the year are also demonstrating a [...]