Fed Cautions Banks Lending to Red-Hot Multifamily Construction
As of January 2016, total multifamily spending was at a seasonally adjusted annual rate of $ 59.8 billion, a 30% rise over a year ago. Private single-family construction spending was at a seasonally adjusted annual rate of $ 230 billion, down by 0.2 …
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Noxious odor shuts down Granite Construction asphalt production
The noxious odors coming from mixing asphalt at a Granite Construction facility led to complaints from neighbors and the evacuation of nearby schools. The Pima County Department of Environmental Quality ordered the company on Friday to cease …
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3 Die in collapse of cathedral under construction in Mexico
At least three people died and six others went missing in the collapse of a new cathedral under construction in Tuxtepec in the southern state of Oaxaca, Mexican media reported. The daily El Tuxtepecano said in its online edition that shortly after 9 p …
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