Led by a strong jump in single-family production, nationwide housing starts inched up 0.2 percent to a seasonally adjusted annual rate of 1.206 million units in July, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This is the highest level since October 2007.
Read MoreDay: August 18, 2015
Construction Unemployment Drops to 14-Year Low
Construction employment in July climbed to the highest level since February 2009, while the number of unemployed workers with construction experience shrank to a 14-year low, according to an analysis by the Associated General Contractors of America. Association officials cautioned that the diminishing pool of available qualified labor may be having an impact on the industry’s ability to meet growing…
Read MoreBridges of Doom
August 18, 2015 – One month ago, an elevated section of Interstate 10 collapsed amid heavy rains in the California desert, injuring one driver, stranding many others and halting travel for thousands by cutting off both directions of the main corridor between Southern California and Arizona. Did you ever wonder how many more bridges out there are in line to fail?…
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