Tag: residential construction: Page 5

Business

Construction expected to grow 8% this year with “groundhog”-like growth from nonresidential

Construction industry consultant FMI has released what it calls a “cautiously optimistic” outlook for the industry in 2014 in its latest quarterly report. The report predicts construction put-in-place to grow 8 percent this year and for the next few years. “Just like the spring, despite all odds and nasty economic weather, the nation needs to […]

March 27, 2014

Business

Forecast for U.S. construction value at year’s end dropped due to 3 political uncertainties

Citing three different political situations it expects to cause continued shifting in construction markets, FMI has again revised downward its forecast for overall construction value. FMI, a management consulting and investment banking provider for the engineering and construction industry, dropped its forecast for the U.S. value of construction-put-in-place to end at $909 billion this year. That’s […]

September 23, 2013

Business

Construction spending up 0.6% in July to highest mark since June 2009

Construction spending in the U.S. rose 0.6 percent in July despite more decreases in government spending, according to preliminary data from the Commerce Department. Total construction spending rose to $900.8 billion in July thanks to gains in both housing and nonresidential projects. That’s the highest spending total since June 2009 and bests the July 2012 […]

September 3, 2013

Business

Construction spending up 7.9 percent annually, home building at highest level in 4 years

Thanks to a surge in home building, construction spending grew 1.2 percent in February, according to seasonally-adjusted data from the U.S. Commerce Department. After a nine-month string of monthly increases was snapped with a 2.1-percent dip in January, construction spending is now at a seasonally adjusted annual rate of $885.1 billion. Compared to February 2012, that […]

April 1, 2013

Roadbuilding

Residential construction positioned for expansion, nonresidential will ‘limp along’

The Associated Builders and Contractors (ABC) reports that nonresidential construction spending fell 3.3 percent in January, with outlays decreasing to a seasonally adjusted annual rate of $572.1 billion, citing a March 1 report by the U.S. Census Bureau. Year over year, total nonresidential construction spending is up only 0.8 percent (unadjusted for inflation), according to […]

March 4, 2013

Business

Builder confidence in housing market dips 1 point in February

After stalling completely in January, builder confidence in new single-family homes was was virtually unchanged in February with a one-point decline to 46 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The index’s tipping point is 50. Once higher than 50, that indicates more builders have a good feeling about the […]

February 21, 2013

Business

Obama stresses importance of construction, infrastructure, skilled labor in State of the Union

In his State of the Union address Tuesday night, President Barack Obama stressed the great importance of construction, housing, infrastructure, manufacturing and energy in creating new jobs and aiding the ongoing recovery of the American economy. Obama spent several minutes of the address discussing the sad state of the country’s infrastructure, which he said is […]

February 12, 2013

Business

Construction spending up 7.8 percent annually in December

Construction spending increased by 7.8 percent in the year between December 2011 and December 2012, to a three-year high of nearly $885 million, according to seasonally-adjusted data released by the United States Census Bureau. Month-to-month, the preliminary spending figure of $865.9 million was down 0.9 percent from November 2012’s revised figure of $877 million. The […]

February 1, 2013

Construction Equipment

PCA revises its forecast, doubles expected increase

The Portland Cement Association has revised its spring forecast, and now anticipates a 6.9 percent increase in cement consumption in 2012, followed by a 5.8 percent jump in 2013 and a 10.9 percent increase in 2014. This nearly doubles the expected increase in cement consumption for the  year predicted by PCA in April. Reasons cited: […]

August 2, 2012

Home

FMI releases first-quarter 2012 Construction Outlook Report

FMI has released the first-quarter 2012 Construction Outlook Report. FMI’s forecast for total construction put in place in 2012 is a 5 percent increase compared to 2011, or $826.3 billion. The last time construction put in place was at this level was 2000-2001. Despite slow growth projections and rising gasoline prices, the GDP is still […]

May 22, 2012

Technology

NTEA Work Truck Show 2012 sets new records

NTEA, the Work Truck Show 2012, held March 6-8 at the Indiana Convention Center in Indianapolis, was the biggest work truck event in history. It broke all standing event records, with a verified 10,408 attendees checking out work trucks and equipment from 563 exhibitors. The event’s Green Truck Summit on March 5-6 also hit new […]

March 27, 2012

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Conexpo-Con/AGG 2014

Event: Start Date: 03/04/14 End Date: 03/08/14 Phone: (800) 867-6060 Web: www.conexpoconagg.com

March 21, 2012