Net income attributable to Deere & Co. in the third quarter was $996.5 million, or $2.56 per share, for the third quarter ended July 31, compared with $788.0 million, or $1.98 per share, for the same period last year. For the first nine months of the year, net income attributable to Deere & Co. was $2.730 billion, or $6.97 per…
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Housing Starts Rise 5.9 Percent in July
Nationwide housing starts rose 5.9 percent to a seasonally adjusted annual rate of 896,000 units in July as multifamily construction rebounded from a dip in the previous month, according to newly released figures from HUD and the U.S. Census Bureau. Meanwhile, single-family construction recorded a modest decline from a rate that was upwardly revised for the previous month.
Read MoreMultifamily Building Segment Looking Good
The Freddie Mac Multifamily Research Group released its mid-year multifamily outlook for 2013, which includes a new Freddie Mac Multifamily Investment Index that measures the attractiveness for investing in apartment properties. The new Index shows that apartments are still a good investment in most metropolitan markets it tracks.
Read MoreSecond Half Economy Looking Up, Says ABC
Nonresidential fixed investment in structures expanded 4.6 percent on an annualized basis during the second quarter of 2013, according to the July 31 gross domestic product (GDP) report by the U.S. Commerce Department. This increase followed a 4.6 percent decline in the first quarter of the year.
Read MorePayne & Dolan Buys Vulcan Quarry
A Vulcan Materials quarry in Caledonia, Wis., was sold for $3.2 million to Waukesha, Wis.-based asphalt paving company Payne & Dolan, according to the Journal Times.
Read MoreVulcan, Martin Marietta Execs Look to Future
The top executives at Vulcan Materials Co. and Martin Marietta Materials are looking ahead to the rest of 2013, and they like what they see.
Read MoreConstruction Spending Cools in June
Total construction spending cooled in June as residential building hit the pause button, while private nonresidential and public construction also declined, according to an analysis of new Census Bureau data by the Associated General Contractors of America. Association officials urged lawmakers in Washington to make infrastructure investment a top federal priority for the fiscal year beginning in October.
Read MoreConstruction Employment Inches Forward
The unemployment rate for construction workers fell to the lowest July level in five years last month, even though employment has stagnated in the past four months, according to an analysis of new government data by the Associated General Contractors of America. Association officials urged Washington leaders to act on stalled infrastructure funding measures to help jump start construction hiring.
Read MoreDodge Momentum Index Steadies in July
The Dodge Momentum Index held steady in July compared to the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial.
Read MoreHighway, Bridge Projects Will Have Impact on N.Y., N.J.
Major transportation infrastructure repair projects in the wake of 2012’s Hurricane Sandy; new bridge and road improvements in preparation for the arrival of bigger cargo ships with the 2015 expansion of the Panama Canal; and the Tappan Zee Bridge replacement will have significant impacts on the New York metropolitan area.
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