Total construction starts lost 19% in June, falling to a seasonally adjusted annual rate of $1.0 trillion, according to Dodge Construction Network. Much of the decline was due to a stark decline in utility/gas starts following a strong May that saw several megaprojects get underway. Highway and bridge starts gained 5%. During the month, nonbuilding starts fell 46% (following a…
Read MoreDay: July 24, 2024
New Home Sales Soft in June as Mortgage Rates Remain Near 7%
Elevated mortgage rates continue to keep buyers on hold, as new home sales remained relatively flat in June. Sales of newly built, single-family homes in June fell 0.6% to a 617,000 seasonally adjusted annual rate from a slight upwardly revised reading in May, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S.…
Read MoreHaul Track Helps Customers Get More From Their Rokbak Truck
Rokbak Customer Support Manager Garry Moore explained how customers can harness the company’s simple-to-use, connected telematics system to get more efficiency and productivity from their articulated haulers. Every Rokbak articulated hauler comes with the innovative Haul Track telematics system as standard. It’s a productivity-enhancing, connected technology that enables more efficient – and more sustainable – operations. Telematics takes data from…
Read MoreBreedon Reports Higher Revenues, Lower Profits
Profits at UK-based Breedon Group fell by 18% in the first six months of the year. The company revealed that profit before tax fell to £46.5 million during its first half. Revenue rose by 3% to £764.6 million on the back of the firm’s entry into the U.S. market. The company said the market remains “challenging” in the UK and…
Read MoreEnergy Permitting Reform Act of 2024 Introduced
U.S. Sens. Joe Manchin (I-W.Va.) and John Barrasso (R-Wyo.), chairman and ranking member of the Senate Energy and Natural Resources Committee, released the Energy Permitting Reform Act of 2024. This bipartisan legislation will strengthen American energy security by accelerating the permitting process for critical energy and mineral projects of all types in the United States. “The United States of America…
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