Oct 26 (Reuters)- Commercial Metals Co:: Commercial metals company reports fourth quarter and full year earnings.Q4 loss per share $ 0.28 from continuing operations.Q4 sales $ 1.3 billion versus I / B / E / S view $ 1.21 billion.Q4 earnings per share view $ 0.19 — Thomson Reuters I / B / E / S.Commercial metals co -» our outlook for demand from U.S. Non-Residential
construction market remains quite positive».
Not exact matches
The data is unambiguous on current economic conditions - GDP growth in the last quarter of 2015 was a meager 2.11 % with full year growth of 2.79 % according to the National Bureau of Statistics (NBS); inflation rose sharply to 11.4 % in February with prospects of reaching 12 % by March; capital
markets have
remained bearish; according to UNCTAD Nigeria's FDI fell by 27.7 % to $ 3.4 billion in 2015, and on current trends may fall even more precipitously in 2016; the de facto exchange rate of the Naira for most producers and consumers is now N322 / $ even though CBN maintains a nominal N197 / $ for privileged persons; several economic sectors -
construction, government, manufacturing, oil and gas and hotels and restaurants are in recession or barely out of it; government's official foreign reserves is down to $ 27.8 bn; and unemployment and under - employment rates have worsened 10.4 % and 18.7 % by the end of 2015.
Remaining units in new
construction would rent at the real estate developer's discretion, also known as
market - rate housing.
Nowadays, though, the generally more refined driving experiences of unibody
construction — in which body and frame are created as one unit — means merely 14 body - on - frame sport utilities
remain on the
market, with the 10 best sellers included below.
A recent study of the Texas housing
market, for instance, concluded that if gas prices
remain low, it can throw off sales of existing homes and new
construction by anywhere from 10 % to 20 %.
Caterpillar
remains the world's largest
market of
construction equipment and improvements in the North American
market should lead to growing sales in this business.
Of course jobs are also saved as a result because the
market for existing PV installations will not become smaller in the foreseeable future, even if
construction of new installations should
remain in a state of decline.
The
remaining capital costs and
construction debt the company was supposed to collect could not be recovered in a deregulated
market where prices were set by power plants that had already paid off their mortgages.
Of this $ 688 million hemp
market, Vote Hemp and Hemp Business Journal estimate that hemp foods constituted 19 % ($ 129.3 million); personal care products constituted 24 % ($ 163 million); textiles constituted 14 % ($ 99.5 million); supplements constituted 4 % ($ 26 million); hemp derived cannabidiol or CBD products constituted 19 % ($ 130 million); and hemp dietary supplements constituted 4 % ($ 26 million); industrial applications such as car parts constituted 18 % ($ 125.5 million); and other consumer products such as paper and
construction materials accounted for the
remaining 2 % of the
market.
It
remains to be seen whether, once
construction is completed, there will be sufficient demand for it in the legal
market.
While
markets such as Houston, Dallas, and Atlanta
remain strong hot beds for new - home
construction, Metrostudy's outlook for 2015 also shows new - home growth pushing into other
markets.
The increase in economic growth coupled with limited
construction is helping to chip away at the more than 1.1 billion sq. ft. of excess space that
remains on the
market.
Research firm CoStar Group estimates that 240 buildings were delivered to the
market in the fourth quarter of 2014, totaling 41.8 million sq. ft.. It also says that 164.7 million sq. ft. of industrial space
remained under
construction at the end of the quarter.
In 2018, the sales volume will likely
remain flat, the refinancing
market will continue to be healthy and
construction lending will continue to be done prudently, notes Liautaud.
«I think banks have
remained prudent in sticking to their bread and butter of bridge and
construction lending,» says Dan Baker, executive vice president in the real estate capital
markets group at KeyBank.
Home builder confidence in the new, single - family
construction market is healthy, but hurdles remain, according to the latest National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index
market is healthy, but hurdles
remain, according to the latest National Association of Home Builders (NAHB) / Wells Fargo Housing
Market Index
Market Index (HMI).
Despite today's challenging
construction financing environment, the student housing
market remains very active...
«Despite a relatively tight
market, developers are being very selective about new and speculative
construction, and we expect this
market to
remain strong.»
«While many
markets are still in the process of absorbing the units that came online over the past couple of years, the
construction pipeline
remains at elevated levels even though it too is no longer accelerating.»
The stock of seniors housing and nursing assets is not being replaced as fast as it ages, our demand pool is increasing, land and
construction costs in most
market areas
remains depressed, and the product is accepted by the consumer.
Going forward, we may begin to see a divergence, as inventory growth headwinds have been developing for assisted living, while
construction in independent living
remains comparatively tempered,» says Mike Hargrave, NIC's chief
market & data strategist.
But by and large, the
construction market for these homes
remains a niche
market, even as rental demand increased in past years.
So far, new condominium
construction remains low, compared to both the usual rate of condo
construction during past
market cycles and the rate of new rental
construction now.
«Even with the recent uptick in seniors housing
construction, vacancies
remain relatively stable and rents keep climbing in most
markets,» reports David Brickman, executive vice president for the Multifamily Business at FreddieMac.
Even if the cities with the lowest vacancy rates right now will see those rates go up as new buildings open in 2017 and 2018,
markets such as Seattle, Atlanta, Houston, Dallas, Phoenix and Philadelphia should see vacancy rates
remaining low as not as much new
construction is planned in those cities.
Genworth's Summer 2007 Metropolitan Condominium Outlook report finds the condo
market demand easing slightly nationally, although new
construction and resale activity
remain high by historical standards.
Construction activity
remains low, with 96 percent of respondents indicating that it is lower than normal; 88 percent said it is a buyers»
market in terms of development acquisitions.
Though the apartment sector overall will
remain stable, certain
markets and types of properties will be more hurt by competition from new
construction.
Permit volumes and somewhat stingier lenders signal a slowdown on the horizon, but development levels
remain well above historic norms, with over half a million units under
construction in the nation's largest 100
markets at the end of 3Q 2016.
The single - family built - for - rent sector
remains off cycle highs, as the rest of the single - family
construction market expands.