Tag: U.S. construction: Page 3

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

Report: U.S. construction to increase 40% by 2025, global construction to increase 70%

A new report forecasts extreme acceleration in global construction, saying that the industry will account for 13.5 percent of the world’s output by 2025. The “Global Construction 2025” report, as detailed in a piece by CNBC, says that the U.S. construction industry will continue its recovery, growing by 40 percent while construction output in the […]

July 2, 2013

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Draped in the stars and stripes, spire is hoisted atop World Trade Center as construction continues

Construction workers in Manhattan watched closely Thursday, many holding smartphones and cameras to capture the big moment, as the gleaming silver spire was hoisted atop the new World Trade Center building. According to the Associated Press, the spire will sit on a platform atop the building for several weeks before it is permanently installed. The 408-foot spire […]

May 3, 2013