Rock Products Logo
 
 

New Home Sales Higher Than Expected in November

Sales of newly built, single-family homes rose to a seasonally adjusted annual rate of 657,000 units in November after an upwardly revised October report, 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 March 2018. However, on a year-to-date basis, sales are down 7.7 percent from this time in 2017.

Read more: New Home Sales Higher Than Expected in November

Construction Spending Up Slightly; Highways Rise

Construction spending during November 2018 was estimated at a seasonally adjusted annual rate of $1,299.9 billion, 0.8 percent (±1.3percent) above the revised October estimate of $1,289.7 billion. The November figure is 3.4 percent (±1.5 percent) above the November 2017 estimate of $1,257.3 billion.

Read more: Construction Spending Up Slightly; Highways Rise

NSSGA Courts House 'Blue Dogs'

The President and Congress reached agreement to reopen the Federal Government, while FY19 issues are to be addressed over the next three weeks. With that obstacle removed, the State of the Union is now rescheduled to take place in the House Chamber on Tuesday, Feb. 5. 

Read more: NSSGA Courts House 'Blue Dogs'

Poll Shows Strong Bipartisan Support for Broad Infrastructure Initiative

While a new national poll shows only 43 percent of likely voters support using federal dollars to build “a wall or physical barrier along parts of our southern border to make it harder for people to enter our country illegally,” almost 90 percent believe “the Democratic leadership and President Trump should work together during 2019 to pass legislation that would improve other infrastructure.”

Read more: Poll Shows Strong Bipartisan Support for Broad Infrastructure Initiative

Mining Suffers First Fatality of Year

The Mine Safety and Health Administration (MSHA) reported that on Saturday, Jan. 5, a 55-year-old contract miner received fatal injuries when he was pinned between a pneumatically powered air lock equipment door and the concrete rib barrier located near the shaft bottom.

Read more: Mining Suffers First Fatality of Year