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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: residential building

residential building stories: 3 news summaries

 Shanghai Building 
 Collapses Intact 

Construction worker killed trying to retrieve tools

Jun 27, 09 6:54 AM CDT
(Newser) - A 13-story building under construction in Shanghai collapsed almost completely intact today, Reuters reports, killing a construction worker who entered the block of apartments to fetch his tools. The Chinese construction industry has been accused of dangerously shoddy work as the country rushes to build out its cities and infrastructure... More »

MORE ABOUT:
China • collapse • Shanghai • residential building • construction safety

Mortgage Meltdown Hits
Small Builders

Wave of bankruptcies could in turn weaken regional banks

Mar 21, 08 3:00 AM CDT
(Newser) - The housing market collapse that's sending homeowners into foreclosure is starting to hit small- and medium-size builders left with developments they're unable to sell, the Wall Street Journal reports. Buyers are canceling contracts and builders are missing mortgage payments on often highly leveraged projects. Small regional banks, in turn, could... More »

MORE ABOUT:
housing market • bankruptcy • construction • foreclosure • mortgage • small businesses • homebuilders • banking • subprime crisis • residential building

Construction Spending Tumbles

Spending falls at fastest rate since 1994

Mar 3, 08 10:23 AM CST
(Newser) - Construction spending fell at its fastest rate in 14 years in January, the Commerce Department announced today, shattering expectations with a 1.7% drop. Analysts had expected just a 0.7% decline, the Wall Street Journal reports. Residential spending was the big drag, falling 2.9%, but non-residential spending... More »

MORE ABOUT:
construction • housing • recession • manufacturing • Department of Commerce • manufacturing index • ISM index • residential building • non-residential building • commerical loan standards

3 Stories


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