Builder Lennar Sees Orders, Closings Surge
Miami, FL, March 22, 2013 -- Homebuilder Lennar reported a first-quarter profit of $57.5 million, well above market expectations.
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Investment Firm KKR May Sell Tarkett Stake
New York, NY, March 21, 2013 -- KKR & Co. is preparing to sell its 50% stake in Tarkett SA, according to a Bloomberg story.
Existing Home Sales Increase in February
Washington, DC, March 21, 2013 -- Existing-home sales rose 0.8% in February to an annual rate of 4.98 million, the highest level since November 2009, according to the National Association of Realtors.
Home Prices Up for 12th Consecutive Month
Washington, DC, March 21, 2013 -- Home prices rose for the 12th consecutive month in January, according to the Federal Housing Finance Agency's monthly home-price index.
Leading Economic Indicators Rise in February
Washington, DC, March 21, 2013 -- The Conference Board's leading economic index grew 0.5% in February, the third straight month of gains.
Shaw Planning To Open Healthcare Facility
Dalton, GA, March 21, 2013 -- Shaw Industries is planning to open its own healthcare facility as an extension of its own health and wellness program, The Dalton Daily Citizen reported.
Bill Would Remove Construction Lending Barriers
Washington, DC, March 21, 2013 -- Bipartisan legislation has been introduced to help home builders gain access to construction loans.
Initial Jobless Applications Lower Than Expected
Washington, DC, March 21, 2013 -- Initial applications for unemployment benefits last week were lower than expected, according to Labor Department statistics.
GoodWeave Signs Six More Firms
Washington, DC, March 21, 2013 -- Six more U.S. rug companies have joined GoodWeave to support a child-labor-free supply chain for production of their products.
Philly Area Manufacturing Turns Positive in March
Washington, DC, March 21, 2013 -- Manufacturing activity in the Philadelphia area expanded in March, according to the Federal Reserve Bank of Philadelphia.