Okay, Wildwood, you've got our attention. We're definitely got our eye on a new 60-room hotel that could be taking over a massive lot in the shore town.
Apartment construction in the Northeast fueled a jump in home building in July as the pace of housing starts nationwide reached the strongest pace in six months.
U.S. construction spending fell in April by the biggest amount in five years, dragged by declines in housing, commercial construction and spending on government projects.
U.S. officials say the Pentagon's long-awaited plan to shut down the detention center at Guantanamo Bay, Cuba, and transfer the remaining detainees to a facility in the United States calls for up to $475 million in construction costs that would ultimately be offset by as much as $180 million per year in operating cost savings.
A big jump in apartment construction in the Midwest and South boosted the pace of homebuilding in November, marking a solid bounce back after tumbling in October. Construction of single-family houses also increased and reached an eight-year high.
U.S. homebuilders are feeling slightly less confident in their sales prospects heading into next year, even as their overall sales outlook remains favorable.