Associated Builders and Contractors (ABC) Chief Economist Anirban Basu, American Institute of Architects (AIA) Chief Economist Kermit Baker and National Association of Home Builders (NAHB) Chief Economist Robert Dietz predicted continued growth for the construction industry in 2017 during a joint economic forecast.
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Construction Material Prices Rise for First Time in Nine Months
Construction input prices rose on a monthly basis in March for the first time in nine months according to an analysis of the Bureau of Labor Statistics (BLS) Producer Price Index released by Associated Builders and Contractors (ABC). Input prices expanded 0.9 percent on a monthly basis in March but are still down 3.4 percent on a year-over-year basis.
Read MoreCarmeuse Fuel Project Earns International Award
By Mark S. Kuhar Carmeuse’s alternative fuel project at its Grand River, Ohio, operation has earned the “Outstanding Alternative Fuel Project” award at the 8th Global CemFuels 2014 Conference, held in Vienna, Austria, at the end of February.
Read MoreConstruction Materials Prices Increase
Overall construction materials prices increased 0.4 percent in April and are up 1.5 percent year over year, according to the May 14 Producer Price Index released by the U.S. Department of Labor. Nonresidential construction material prices were up 0.5 percent for the month and are 1.4 percent higher than the same time last year.
Read MoreConstruction Gains Jobs in March
The U.S. construction industry gained 19,000 jobs in March and the construction unemployment rate fell to 11.3 percent (non-seasonally adjusted), according to the April 4 employment report by the U.S. Department of Labor (DOL). Nonresidential construction segments added 6,700 jobs in March, a marked improvement from the 2,800 jobs (revised) added in February. The improvement led the construction unemployment rate…
Read MoreEPA Agenda Includes Clean Water Act Expansion
The Environmental Protection Agency’s (EPA) Nov. 27 regulatory agenda included items related to the Clean Water Act, lead paint programs, post-construction stormwater and stormwater ELG, among other items.
Read MoreSecond Half Economy Looking Up, Says ABC
Nonresidential fixed investment in structures expanded 4.6 percent on an annualized basis during the second quarter of 2013, according to the July 31 gross domestic product (GDP) report by the U.S. Commerce Department. This increase followed a 4.6 percent decline in the first quarter of the year.
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