The U.S. transportation infrastructure market is anticipated to rebound slightly next year, following a 2.8 percent drop in 2017, according to the American Road & Transportation Builders Association’s (ARTBA) 2018 Transportation Construction Market Forecast.
Read MoreDay: November 30, 2017
TRIP: Many Bridges in Maine Are Structurally Deficient
Fourteen percent of bridges statewide and nine percent of bridges in southern Maine are structurally deficient according to a new report released by TRIP, a Washington, D.C.-based national transportation organization. A bridge is structurally deficient if there is significant deterioration of the bridge deck, supports or other major components.
Read MoreConstruction Activity Contributes More to GDP
According to an Associated Builders and Contractors (ABC) report, the private construction industry’s value added as a percentage of the nation’s real gross domestic product (GDP) rose to 4 percent in 2016, the highest level since 2009. The report also shows annual growth in real construction spending, which rose 3.5 percent in 2016.
Read MoreNew Home Sales Rate Reaches 10-Year High in October
Sales of newly built, single-family homes in October rose 6.2 percent to a seasonally adjusted annual rate of 685,000 units from a downwardly revised September reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest sales pace since October 2007. Year-to-date, new home sales are 8.9…
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