Associated Equipment Distributors (AED) and Inside the Blueprint (ITB) have entered into a strategic partnership to provide AED and its members with educational content regarding issues, initiatives and new solutions related to the equipment distribution industry.
Read MoreTag: construction
Housing Starts End 2020 Strong
While housing starts ended the year on a strong note, rising lumber prices and increasing regulatory cost concerns could affect future production. Led by a solid, double-digit gain in single-family starts, overall housing starts increased 5.8% to a seasonally adjusted annual rate of 1.67 million units, according to a report from the U.S. Department of Housing and Urban Development and…
Read MoreConstruction Starts End 2020 on a Decline
Total construction starts lost 5% in December, falling to a seasonally adjusted annual rate of $784.3 billion. Nonresidential building starts fell 11% during the month, while nonbuilding starts were 5% lower. Residential starts were essentially flat over the month. Starts were lower in three of the four regions in December; the South Central was the only region to post an increase.
Read MoreDodge Momentum Index Ends 2020 on a High Note
The Dodge Momentum Index jumped 9.2% in December to 134.6 (2000=100) from the revised November reading of 123.3. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The commercial component of the Momentum Index rose…
Read MoreConstruction Spending Rises in November; Highways Up
Construction spending during November 2020 was estimated at a seasonally adjusted annual rate of $1,459.4 billion, 0.9% (±0.8%) above the revised October estimate of $1,446.9 billion. The November figure is 3.8% (±1.3%) above the November 2019 estimate of $1,405.5 billion.
Read MoreClyde Companies Announces Leadership Changes, Acquisition
Clyde Companies Inc., the parent company of WW Clyde, Geneva Rock, Sunroc, Sunpro, Scott Contracting, Beehive Insurance, GWC Capital, and Bridgesource has made several organizational changes in senior leadership.
Read MoreHousing Starts Flatten in November
Single-family starts flattened in November as builders struggled to meet demand, while overall housing starts increased 1.2% to a seasonally adjusted annual rate of 1.55 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read MoreConstruction Starts Dip in November
Total construction starts fell 2% in November to a seasonally adjusted annual rate of $797.5 billion following a strong gain in October. Residential starts fell 7% during the month, while nonbuilding starts dropped 14%. Nonresidential building construction starts, however, rose 19% in November. Total construction starts fell in three regions, the South Atlantic, West and Northeast, but rose in two, the Midwest and South Central.
Read MoreARTBA: Modest Declines Expected in 2021 for Transportation Construction
The U.S. transportation construction market is expected to shrink 5.5% next year, driven primarily by the severe economic recession caused by the coronavirus pandemic, according to the annual forecast released by the Washington, D.C.-based American Road & Transportation Builders Association (ARTBA).
Read MoreDodge Momentum Index Steps Lower in November
The Dodge Momentum Index fell 2.6% in November to 123.3 (2000=100) from the revised October reading of 126.5. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The institutional component of the Momentum Index fell 4.4%, while…
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