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Tag: residential construction
Safety
OSHA rule changes expected to save contractors money
OSHA's rule changes will affect the construction industry in a big way. The changes could result in $5.8 million a year in savings to the construction industry.
May 20, 2019
Dealers
Strong construction market to continue with rising equipment sales, no recession, reports Wells Fargo
Wells Fargo is predicting another strong year for the heavy equipment and construction industries. Get more information on the report here on Equipment World.
March 1, 2019
Business
U.S. home starts jump 9% in August on surge from multi-family
The rate of construction starts on new homes rose 9.2 percent in August due to an increase in the rate for multi-family homes. More info on Equipment World.
September 20, 2018
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
U.S construction spending reaches all-time high on strength of residential projects, public spending
Despite the record rate in spending, Simonson warns of the potential for rising material costs, due in part to the Trump administration's new tariffs.
July 3, 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
Drop in residential brings down U.S. construction spending 1.7%
Spending on construction in the United States fell 1.7 percent in March to a seasonally adjusted annual rate of $1.284 trillion, according to data from the Commerce Department. Despite the monthly drop, U.S. construction spending remained up 3.6 percent over the March 2017 rate. The main contributor to the overall drop in spending was a […]
May 2, 2018
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
Business
U.S. home starts fall 6.2% in March
Construction on new homes in the U.S. fell in March with declines ing both single- and multi-family starts. Total home starts fell 6.8 percent to a seasonally-adjusted annual rate of 1.215 million, according to preliminary data from the Commerce Department. Total starts remain 9.2 percent above the March 2016 figure. Single-family starts fell 6.2 percent to […]
April 19, 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
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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