construction News Updates

González will be replaced April 1 by Jaime Muguiro, who is the current head of Cemex’s U.S. operations, the company said in a statement.

The Stamford, Conn.-based company posted a 1.5% increase in Q4 net income to $689 million from $679 million. Revenue increased nearly 10%.

M&A specialists are eyeing a robust list of U.S. takeover candidates, with a buoyant economy, strong buyer appetite and a potentially looser regulatory regime seen driving more deals.

Beacon Roofing Supply Inc. has adopted a poison pill defense as the building products company pushes back against a hostile takeover approach from QXO Inc.

Beacon Roofing Supply has started soliciting interest from potential buyers as it looks to fend off an $11 billion takeover bid from rival QXO Inc., people familiar with the matter said.

The package is among the largest seen since 2022, when the Federal Reserve began lifting interest rates, ending the easy-money era.

Homebuilders have pumped the brakes on new single-family home construction this year, a trend that’s likely to extend into 2023, according to several forecasts.

Plans to pump money into rebuilding the nation’s roads, bridges and other infrastructure could give companies with ties to the construction industry a solid foundation for growth.

WASHINGTON — U.S. construction spending rose a moderate 1% in December as the number of new homes offset a sustained weakness in nonresidential construction.

Home Depot Inc. agreed to buy building products distributor HD Supply Holdings Inc., reuniting the home-improvement retailer with its former subsidiary more than a decade after they split apart.