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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.

°®¶¹´«Ã½builders 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.

°®¶¹´«Ã½ 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.

Construction of U.S. homes jumped 17.3% in June as some states reopened, but the pace still lags last year after this spring’s massive slowdown in building activity due to the coronavirus outbreak.

U.S. home construction starts rose less than forecast in May, indicating builders were slow to resume work and contrasting more recent data that points to a pickup in housing demand.

WASHINGTON — U.S. manufacturing retreated again in April, a victim of economic fallout from the coronavirus outbreak.