Construction


Homebuilding Slowing; Labor Market Strong

U.S. homebuilding rebounded less than expected from a nine-month low in July, suggesting the housing market was likely to tread water for the rest of this year against the backdrop…

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Two New Towns to Be Established in Negev

The National Building and Planning Council has authorized the establishment of two new towns in the Negev – Daniel and Ovot. The two towns, which have been on the drawing…

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No Shortage of Land for Development, Official Says

There is no shortage of land in Israel, according to Shlomo Ben-Eliyahu, director general of the Agriculture Ministry. “From Be’er Sheva northward, only 17 percent of the land in Israel…

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Construction Spending Rose 0.4 Percent in May

Spending on U.S. construction projects edged up 0.4 percent in May, while April’s figure was revised down significantly — signs that new building is still uneven despite a growing economy.…

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CBS: Sales of New Homes Fall Sharply

Sales of new homes fell 19.2 percent between May 2017 and April 2018, compared to sales during the 12 previous months, the Central Bureau of Statistics said. A total of…

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100-Story Skyscraper Approved for Tel Aviv

Tel Aviv will soon be the home of a true world-class skyscraper – a 100-story tower that will be built in downtown Tel Aviv, near the municipal border with Ramat…

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Builder Optimism Bounces in May After 4-Month Slide

U.S. homebuilders are feeling more confident about their sales prospects, reflecting strong demand for newly built homes, with existing homes in short supply. The National Association of Home Builders/Wells Fargo…

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