Tag: Homebuilding: Page 3

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

U.S. home starts fall 2 percent in January as builder confidence dips due to cold weather

Following up a nice gain in December, housing starts in the U.S. fell 2 percent in January and builder confidence in the market has since dropped due to harsh winter weather conditions. Builders started homes at a seasonally-adjusted annual rate of 1.065 million homes in January, a 19-percent increase over January 2014, according to preliminary data […]

February 18, 2015

Roadbuilding

Construction spending drops in November, highway spending increases

Increases in homebuilding in both the private and public sectors were not enough to offset a decrease in government nonresidential as construction spending fell 0.3 percent in November. According to preliminary estimates from the Commerce Department, construction spending in November fell to a seasonally adjusted annual rate of $975 billion. The new data also revised the September and October rates […]

January 5, 2015

Business

Home starts fall 1.6% in November as builder confidence slips

The rate of construction on new single family homes fell in November and with it went the rate of all U.S. home starts for the month. Construction on single- and multi-family homes fell 1.6 percent in November to a seasonally adjusted annual rate of 1.028 million, according to preliminary data from the Commerce Department. The latest report […]

December 16, 2014

Roadbuilding

Highway and street construction spending up slightly in October

U.S. construction spending rose 1.1 percent during the month of October due mainly to increases in homebuilding and government nonresidential projects. According to preliminary estimates from the Commerce Department, October construction spending was at a seasonally adjusted annual rate of $971 billion. The new data also revised the August and September rates upward from the previously estimated $955 […]

December 2, 2014

Roadbuilding

Highway construction spending down for second straight month

U.S. construction spending dropped for the second straight month in September, this time by .4 percent. In August construction spending dropped .5 percent. The September decline pushed construction spending down to $950.9 billion at a seasonally adjusted annual rate. The good news: that’s still 2.9 percent higher than the level a year ago. Highway and […]

November 4, 2014

Roadbuilding

Highway construction spending down in August

U.S. construction spending saw its second dip of the year in August, falling 0.8 percent. Spending was at a seasonally adjusted annual rate of $961 billion in August, according to preliminary estimates in a report from the Commerce Department. In addition to August’s dip, the report revised downward the rates for the previous two months […]

October 4, 2014

Business

Police bust crime ring’s year-long spree of construction site burglaries in Pennsylvania

Several police departments in southwestern Pennsylvania worked together in bringing down a crime ring that had been stealing materials and appliances from construction jobsites in the area for more than a year. Police arrested Charles Fey, 35; Dwanye Vargo, 35; Dennis Vargo, 37, and Darius Sheplar, 37, according to a report from the Pittsburgh Post-Gazette. With […]

October 3, 2014

Business

Construction spending dips 0.8% in August due to fall in nonresidential

U.S. construction spending saw its second dip of the year in August, falling 0.8 percent. Spending was at a seasonally adjusted annual rate of $961 billion in August, according to preliminary estimates in a report from the Commerce Department. In addition to August’s dip, the report revised downward the rates for the previous two months […]

October 1, 2014

Business

Home starts dive 14.4% in August but homebuilder confidence rises to nearly 9-year high

Another down month in August continued what has been a very up-and-down year for construction of new homes in the U.S., largely thanks to the volatility of new apartment starts. Despite the drop, homebuilder confidence in the market rose to its highest reading since November 2005. Following a gain of 8.6 percent in July, home […]

September 18, 2014

Business

Is construction “dead in the water”? Greenspan comment highlights industry’s mixed feelings about recovery

Despite many positives in the industry right now, Alan Greenspan is pointing a finger of blame in construction’s direction. According to a report from Bloomberg, Greenspan, who served as chairman of the Federal Reserve between 1987 and 2006, said Tuesday the U.S. economic rebound from the recession that ended five years ago has been held […]

September 10, 2014

Roadbuilding

Nonresidential projects push construction spending to largest monthly gain in more than 2 years in July

After seeing its first drop in one year during June, construction spending in the U.S. fully recovered and then some in July, with its largest monthly gain in more than two years. Construction spending rose 1.8 percent to a seasonally adjusted annual rate of $981.3 billion in July, according to preliminary estimates by the Commerce […]

September 3, 2014