U.S. Housing Starts Decline 7% in July
“As demand continues to overpower builders’ ability to keep up with new inventory, we will keep seeing a stressed housing market."
Housing Starts Rebound With 17.3% Increase
“With a staggering 32 million Americans collecting unemployment checks and lumber prices at a two-year high, a robust housing market is unlikely.”
Deere Posts 5th Best Year for Sales, Earnings
After some lean years for agricultural machinery sales, farmers are “buying equipment again to replenish aging fleet."
Caterpillar’s Q3 Results Roar Past Estimates
Sales of the company's heavy equipment have benefited from the turnaround in the North American construction industry.
Deere Shares Drop on Equipment Sales Miss
The company continues to be optimistic about market conditions, predicting equipment sales will increase 10% this year.
Caterpillar Earnings Beat Drives Stock up 5.9%
CFO Jim Umpleby calls the second quarter "impressive," noting the company "continued to control costs and generated higher profit margins."
Deere Beats Estimates With $802M Profit in Q2
The company sees "signs of further stabilization" in market conditions as it reports its first sales increase in 13 quarters.
Lowe’s Buys Wholesaler to Boost Pro Business
The $512 million acquisition of Maintenance Supply Headquarters will enhance Lowe's ability to serve customers such as contractors.
China’s Economy Grows 6.9% in First Quarter
China's leadership still appears to be relying on state-led infrastructure spending and real estate investment to drive growth.
Deere Raises Sales Growth Outlook for 2017
“We are seeing signs that after several years of steep declines key agricultural markets may be stabilizing."