Larry Sorsby News
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Construction hiring jumped in February by the most in almost six years, highlighting the benefits to the U.S. economy from a revitalized housing market.
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Service industries in the U.S. expanded in February at the fastest pace in a year as a recovery in housing rippled through the economy.
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Housing starts in the U.S. surged 15 percent in September to the highest level in four years, adding to signs of a revival in the industry at the heart of the financial crisis.
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John Cataneo is working his 20 employees overtime and still can’t keep up with demand from customers who need plumbing repaired after superstorm Sandy. He says he’s hired two new workers and may need more.
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Confidence among U.S. homebuilders climbed for a sixth straight month in October, adding to signs the real-estate market is healing.
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New-home construction unexpectedly climbed to a four-year high in October, more evidence of a revival in the industry that’s helping propel the U.S. economy.
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Demand for construction workers and materials is likely to receive a boost as homeowners in coastal areas of New York and New Jersey rebuild after their properties were devastated by flooding and heavy winds.
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The index of U.S. leading economic indicators rose in September by the most in seven months, boosted in part by a jump in permits for home construction that’s helping underpin the expansion.
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Hovnanian Enterprises Inc., the homebuilder that faced a 91 percent chance of default last October as seen in derivatives trades, is winning over bondholders by reducing debt as housing prices improve.
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Hovnanian Enterprises Inc., the largest homebuilder in New Jersey, plans to sell 25 million shares to buy debt.
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