Tag: residential construction: Page 3

Business

Construction spending falls 0.4% in November

Despite continued increases in single-family homebuilding, total construction spending in November dipped 0.4 percent to $1.122 trillion. Spending remains 10.5 percent above the year-ago mark, according to preliminary data from the Commerce Department. Total residential spending rose 0.2 percent to $434 billion in November and is up 11 percent year over year. Private residential rose […]

January 4, 2016

Safety

Worker killed in excavator accident on San Jose jobsite

A construction worker on a residential jobsite near San Jose was killed earlier this month when he was hit by an excavator. According to a report from the San Jose Mercury News, 24-year-old Andres Alvarez Esquivel was working as part of a crew building a home in Almaden Valley when he was hit by the bucket of […]

October 22, 2015

Home

Home starts up 6.5% in September while builder confidence reaches boom-level high

Following two months of declines, the U.S. homebuilding market rebounded and then some in September due to a surge in apartment starts. Home starts rose 6.5 percent during the month to a seasonally adjusted average of 1.206 million, according to preliminary data from the Commerce Department. That total is up 17.5 percent over the same […]

October 20, 2015

Business

Construction firms paying their bills earlier the latest indicator of U.S. industry’s strength

Calling the findings evidence of a clear “upswing” in the U.S. construction industry, a U.K.-based credit reporting agency says American construction firms are, on average, paying their bills earlier than they were last time. According to a report from the Wall Street Journal, Creditsafe Inc. assessed roughly 1.7 million U.S. construction firms and found that they […]

October 12, 2015

Business

Ditch Witch sees double-digit growth this year as market for 30,000-pound-and-below drills grows

“The utility markets inside the United States are extremely strong, and we’ve seen our sales up by double digits,” said Dennis Wierzbicki, who took the helm of the Ditch Witch brand nine months ago. The primary drivers: home and utility construction. “We see both being very strong though 2016,” Wierzbicki added. “We’re excited about the […]

September 29, 2015

Business

Home starts drop 3% in August; builder confidence still on the rise

U.S. home starts were down in August with decreases in both single-family and apartment homes. The start of construction on new homes fell 3 percent during the month to a seasonally adjusted annual rate of 1.126 million, according to preliminary data from the Commerce Department. The new data also revised the July rate downward, from the […]

September 18, 2015

Safety

Construction worker found dead beneath home in Austin

Two days after a construction worker was discovered beneath a home in Texas, authorities determined his death was due to electrocution. According to a report from the Austin American-Statesman, workers at a home on Grayson Lane in East Austin, where it appears renovations were taking place, noticed that their co-worker, 51-year-old Rafael Torres-Leyva, was missing on September […]

September 17, 2015

Business

Economists hail construction as strongest sector of U.S. economy

With construction spending at a 7-year high, single-family home starts up 19 percent year over year, and hiring at pre-recession highs despite a widespread shortage of skilled workers, it’s no secret within the industry that things have picked back up and then some. And though financial analysts have largely taken a wait-and-see approach before hailing the […]

September 16, 2015

Business

Home starts plunge 17% in February as cold weather and worker shortage drop builder confidence

With spring right around the corner, U.S. home builders are certainly looking forward to the warmer temperatures and the official start of the construction season as starts on new homes took a steep plunge in February. Construction on new homes in the U.S. fell 17 percent in February, following a flat January, according to preliminary […]

March 17, 2015

Safety

Gear Keeper retractable lanyards tether your tools to you for safety and convenience

It’s a bummer when you are high up on a beam or roof and your tape measure falls to the ground. It’s a lot more of a bummer when it hits somebody. Gear Keeper’s TL-1 3015 integrated elastic webbing has a short (33-inch) retraction length and a long extension (51 inches) so it doesn’t get […]

March 2, 2015

Business

PCA’s Sullivan: Cement consumption on straight growth trajectory through 2017; optimism palpable at World of Concrete

Cement consumption grew by 8 percent in 2014 and is on track to grow another 8 percent in both 2016 and 2017, according to Ed Sullivan, chief economist, PCA, noting that the 100  metric million tons  realized in December was the highest month total since January 2008. Sullivan made his remarks during the opening day […]

February 4, 2015

Business

With December bump, U.S. home builders started 9% more homes in 2014

Despite an up and down year heavily-influenced by apartment construction, home builders in the U.S. began work on more new homes in 2014 than the previous year. During December, starts on both single-family homes and apartments rose 4.4 percent to a rate of 1.043 million, according to preliminary data from the commerce department. The final tally for […]

January 21, 2015