HD Hyundai’s Xite innovation, created with cutting-edge technologies such as artificial intelligence (AI), digital technologies and robotics, will go beyond improving construction sites and equipment to fundamentally transform the way humanity builds the future, the company stated.
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Single-Family Starts Surge on Falling Interest Rates
Single-family construction surged in November as lower mortgage rates helped to assuage affordability concerns and unleash pent-up demand for housing.
Read MoreEvoQuip Launches the Mighty Falcon 820 Screen
EvoQuip announced the launch of the EvoQuip Falcon 820 Inclined Screen. Combining scalping, screening and stockpiling in one self-contained unit, the Falcon 820 features a double-deck two bearing screen box and can operate in multiple applications such as sand and gravel, crushed stone, coal, topsoil, and demolition waste. The Falcon 820 can work in multiple applications, such as sand and…
Read MoreDodge Momentum Index Inches Up 1% in October
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 1% in October to 181.7 (2000=100) from the revised September reading of 180.3. Over the month, the commercial component of the DMI rose 2.0%, while the institutional component retreated 1.4%.
Read MoreArcosa Construction Products Revenues Up 7%
Arcosa Inc. announced results for the third quarter ended Sept. 30, reporting revenues of $591.7 million versus $603.9 million during the same period in 2022, a 2% decrease.
Read MoreConstruction Spending Rises in September
According to the U.S. Census Bureau, construction spending during September 2023 was estimated at a seasonally adjusted annual rate of $1,996.5 billion, 0.4% (±1.2%) above the revised August estimate of $1,988.3 billion.
Read MoreMontabert Hosts Demo Days
Montabert USA recently hosted two Demo Days events in Hatfield, Pa., and South Plainfield, N.J., respectively. Over the two days, 25 construction, demolition and excavating contractors came together with factory representatives and dealers to view Montabert and Lehnhoff attachments and couplers in action. Specifically, attendees experienced demonstrations of the following products during the event: • Lehnhoff SQ80V fully automatic symmetric…
Read MoreJCB to Build New Plant in San Antonio
JCB announced it is set to build a new factory in North America which will create 1,500 new jobs over the next five years. The construction of the 720,000 sq. ft. factory will begin early next year on a 400-acre site in San Antonio. The new facility will manufacture machines largely for customers in North America, the world’s biggest market…
Read MoreDodge Momentum Index Rises 3% in September
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 3% in September to 182.5 (2000=100) from the revised August reading of 178.0. Over the month, the commercial component of the DMI fell 1%, while the institutional component increased 9%.
Read MoreNew Home Sales Weaken in August on Higher Mortgage Rates
Sales of newly built, single-family homes in August fell 8.7% to a 675,000 seasonally adjusted annual rate from an upwardly revised reading in July, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The pace of new home sales in August was up 5.8% from a year ago.
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