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Business: Page 169
Business
U.S. home prices jump 7.4 percent in November
U.S. home prices in November were up 7.4 percent from November 2011, the largest year-over-year increase in 6 1/2 years, the Associated Press reported. In terms of monthly gains, housing prices were up 0.3 percent from October to November, according to CoreLogic which told the AP that the gains have been “widespread” in the U.S. […]
January 17, 2013
Business
Builder confidence in housing market stalls in January
After eight consecutive months of increase, rising to a six-year high in December, builder confidence for new single-family homes stalled at a level of 47 this month, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Despite the improving conditions the housing market and an expected bright future for home sales […]
January 17, 2013
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February 1, 2026
Business
Case sells 11 West Coast dealer locations to Sonsray Machinery
Under a new agreement between the two companies, Sonsray Machinery will acquire and operate 11 Case Construction Equipment dealership branch offices in California, Nevada, Oregon and Washington. The offices were previously owned and operated by Case Power and Equipment, a subsidiary CNH Construction Equipment. Sonsray Machinery will provide sales assistance and parts and service support […]
January 16, 2013
Business
Construction materials prices decline 0.1 percent in December
Associated Builders and Contractors has released its Producer Price Index (PPI) report for December, which reveals that national construction materials prices declined 0.1 percent in December and 1.3 percent higher than a year ago. Average annual prices in 2012 were 1.9 percent higher than 2011 prices. Nonresidential construction prices dropped 0.3 percent in December and […]
January 16, 2013
Business
Contractor develops on-site soil remediation solution that cuts job costs by half
Editor’s note: This is an edited article that originally appeared in John Deere’s Worksite Journal. To view the full interview, go to www.JohnDeere.com/enviroclean. It’s a dirty job, but somebody’s gotta do it. When Ken Murphy, founder of Enviro Clean Companies, was working in the oil and gas industry in the 1990s, the cost of cleaning […]
January 16, 2013
Business
Massachusetts Transportation Secretary reveals 10-year, $1.02 billion plan
Massachusetts Transportation Secretary Richard Davey has unveiled a 10-year plan to upkeep and update the state’s transportation system, which he will propose on January 16, MassLive.com reported. The plan would give Massachusetts $1.02 billion over the next decade to pay old transportation bills and upgrade the transportation system. Davey’s plan would more than double the […]
January 15, 2013
Business
Terex appoints new CFO among senior leadership changes
Terex has appointed several leadership positions, including a new senior vice president and Chief Financial Officer. Kevin Bradley, currently president of Terex Cranes since 2011, has been appointed senior vice president and chief financial officer effective immediately after the filing of the Company’s Annual Report on Form 10-K for 2012. Bradley will succeed Phil Widman, […]
January 15, 2013
Business
AGC forecast promises mixed outlook for 2013 U.S. construction
2013 should be a better year than 2012 for construction firms, but not necessarily a great one, said Ken Simonson, chief economist for the Associated General Contractors of America, in a conference call detailing the results of the association’s forecast on construction hiring and business. There are bright spots in certain sectors, said CEO Stephen […]
January 14, 2013
Business
Caterpillar opens two more factories in China
Caterpillar announced this week that it has opened two new factories in China. One of the new facilities is a proving ground and the other is a wheel loader manufacturing facility. It’s an expansion of Cat’s presence in China and the Asia Pacific Proving Ground facility will serve as a hub for validation and product […]
January 11, 2013
Business
Construction employment declines in 151 metro areas between Nov. 2011 and Nov. 2012
The latest examination of construction employment in U.S. metro areas is out from the Associated General Contractors of America. After analyzing federal employment figures, the AGC found that construction employment declined in 151 out of 337 metropolitan areas between November 2011 and November 2012. Hiring was stagnant in 60 of those areas while 126 saw […]
January 9, 2013
Business
Colorado experiences $3.4 billion hospital building boom
Colorado is experiencing a $3.4 billion building boom thanks to 50 hospital construction projects across the state, NBC 11 News reported. In addition to new hospital construction, 11 additions have been started in Aspen, Boulder, Grand Junction, Pueblo and the Denver area. With the building boom, Colorado may soon see its most expensive current hospital […]
January 8, 2013
Business
Sumitomo acquires majority stake in Sunstate Equipment
Japanese company Sumitomo Corporation announced this morning that it has increased its investment to become the controlling interest in Sunstate Equipment Co. with 80 percent of the company’s shares. Despite the U.S. construction equipment rental industry’s downturn, in December 2009 Sumitomo made a $50 million investment in Sunstate because it “was convinced that industry was […]
January 8, 2013
Business
AGC New York wins award for military support
The Associated General Contractors of New York State received an Employer Support of the Guard and Reserve Patriotic Award for its support of the United States military, timesunion.com reported. The award was presented to AGC New York president and CEO Michael Elmendorf for going above and beyond the law in supporting members of the military. […]
January 8, 2013
Business
World of Concrete reveals Crews That Rock 2013 winners
World of Concrete (WOC) has announced the top winners of its “Crews That Rock 2013” contest. Each crew will receive an airline credit and hotel stay for WOC 2013 in Las Vegas, Nevada, plus other prizes and WOC swag. In the Commercial/For-Profit category, Hampton Commercial Construction won for the company’s Nebraska City Power Plant Silo […]
January 8, 2013
Business
New York reviews methods to prepare, respond to future disasters
The NYS 2100 Commission, a panel put in place to issue recommendations for how New York should spend some of the $60 billion it received to recover from superstorm Sandy that hit October 29, released its preliminary report on ways to harden infrastructure in case of future emergencies, The Wall Street Journal reported. Rockefeller Foundation […]
January 8, 2013
Business
Construction job growth means hope for U.S. economy
A new report from the Washington Post calls the construction industry one of the “bright spots” in the recovering labor market, noting that the industry’s addition of 30,000 jobs in December accounted for one-fifth of all jobs added in the U.S. that month. The Post makes mention of the labor shortage that construction faces. Noting […]
January 7, 2013
Business
Defense bill adds nearly $500 million in North Carolina military construction projects
President Barack Obama signed into effect a $633 billion defense bill the night of January 2, the Associated Press reported. Though the bill does include cuts in overall defense spending, it is expected to pull in nearly $500 million for construction projects for military bases in North Carolina. The bill also grants all military personnel […]
January 4, 2013
Business
U.S. needs new bridges but states lack funding
The average age of the 600,000 bridges in the United States is 43 years old, according to a new report from the Washington Post. And considering that bridges are built to last about 50 years, that means a great deal of them will soon need to be replaced. In fact, as the Post reports, 70,000 […]
January 3, 2013
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