ConstructionNews

US Housing Starts Plummet: A Significant Drop in Single-Family Home Construction

1 month ago

The latest data reveals a sharp decline in housing starts across the United States, marking the most significant drop in a year, predominantly driven by a decrease in single-family home construction. This downturn, as reported by the Commerce Department, showcases a troubling trend in the construction sector and raises concerns about the overall housing market's health.

Becken Consortium Poised to Secure Acquisition of Signa's Elbtower Development

5 months ago

In a significant development within the real estate market, the Becken consortium is nearing an agreement to purchase Signa's ambitious, yet unfinished, Elbtower project located in Hamburg, Germany. This towering architectural endeavor, which was initially conceived as a centerpiece for the HafenCity district, promises to redefine the skyline of this bustling port city.

Adani Group Expands Horizons: Acquiring Stake in PSP Projects to Enhance Construction Ventures

6 months ago

In a strategic move aimed at bolstering its construction capabilities, the Adani Group has announced plans to acquire a significant stake in PSP Projects. This acquisition is seen as a critical step in reinforcing the conglomerate’s already vast portfolio, thus positioning it for future growth in the sector.