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Tag: residential
Business
Construction starts forecast to drop 4% in 2020 according to new Dodge Outlook
Construction starts will fall 4 percent in 2020 in the United States in an “orderly pullback,” but there will be no recession, forecasts Dodge Data & Analytics. The firm’s 2020 Construction Outlook, released today, cites trade fights and a labor shortage as the main causes for the construction decline. The decline, however, will be nothing […]
October 31, 2019
Dealers
Bobcat adds two Lyle Machinery locations to dealer network
Two Lyle Machinery locations in Lake Charles, Louisiana, and Beaumont, Texas, are now part of the Bobcat dealer network. The new dealerships serve clients in a variety of markets, including residential, commercial, industrial, farming, ranching and landscaping. Lyle Machinery now has seven Bobcat locations operating throughout Louisiana, Texas, Mississippi, Alabama and Florida. “Our customers will […]
July 26, 2019
Contractor of the Year
Ohio’s Shrock Premier Custom Constructors is our 2019 Contractor of the Year
Joseph Shrock, owner of Shrock Premier Custom Construction, was recently named Equipment World’s 2019 Contractor of the Year. Learn more on Equipment World.
March 4, 2019
Business
U.S. home starts tumble 12% to 9-month low
Despite the drop and worry over tariffs and costs, builder confidence in the housing market has remained at a "healthy level". Details on Equipment World.
July 18, 2018
Business
Despite April’s decline in starts, homebuilder confidence remains strong due to growing demand for single-family homes
Along with home starts, builder confidence in the housing market, measured by the NAHB/Wells Fargo Housing Market Index, rose high in the latest index.
May 16, 2018
Business
Construction spending falls 0.6% in July
A decline in nonresidential brought down total U.S. construction spending in July. Total spending dipped 0.6 percent from June to $1.2 trillion but remains up 1.8 percent over the July 2016 total. Total nonresidential spending dropped 1.7 percent in July to $688 billion but is down 4.3 percent from the year-ago total. Top percentage declines […]
September 6, 2017
Business
Home starts up, builder confidence down with mounting concerns over lumber costs
The start of construction on new homes in the U.S. rose 8.3 percent during the month of June on solid gains from both the single-family and multi-family markets. And though demand for new homes is still strong, builders say the rising cost of materials has them concerned. Home starts rose to a seasonally-adjusted annual rate […]
July 21, 2017
Business
Construction spending flat in May with dip in residential
Homebuilding declines were nearly matched by gains in nonresidential construction in May as total construction spending in the U.S. was flat for the month, according to preliminary estimates from the Commerce Department. Despite the flat month, construction spending’s total of $1.23 trillion was up 4.5 percent from the year-ago, May 2016 figure. Private residential spending […]
July 3, 2017
Construction Equipment
Case launches CX245D, its most powerful minimum-swing excavator
Case has unveiled what it calls its most powerful and efficient minimum-swing radius excavator with the CX245D. Case boosted digging force to 34,600 pounds and lifting capacity to 22,950 pounds compared to the previous model. The company says the CX245D is designed for confined job sites, such as road and bridge work, residential projects and urban […]
April 18, 2017
Workforce
Construction sees largest monthly jobs increase in nearly a decade; home starts up 3%
The U.S. construction industry added 58,000 jobs in February, according to preliminary data from the Labor Department. Monthly jobs figures can change as the department revises past estimates month to month, but if February’s figure holds, it would be the second-largest monthly construction jobs gain of the last 10 years. The largest increase of the last decade belongs […]
March 16, 2017
Business
Construction spending falls 1% in January
U.S. construction spending fell 1 percent in January as residential gains weren’t enough to offset drops in nonresidential and government spending. Spending fell to a seasonally adjusted annual rate of $1.2 trillion in January but remains up 3.1 percent over the January 2016 total, according to preliminary data from the Commerce Department. Private homebuilding rose […]
March 2, 2017
Business
Home starts drop in January as multi-family units settle from surge
The start of construction on new homes in the U.S. fell during January due to a drop in multi-family units. Total home starts fell 2.6 percent to a seasonally adjusted annual rate of 1.246 million but remain up 10.5 percent over the January 2016 rate, according to preliminary data from the Commerce Department. This latest data […]
February 16, 2017
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