A limited amount of existing inventory along with solid demand helped new home sales end the year on an up note, even as buyers continue to grapple with housing affordability challenges.
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Trump Stops Federal Infrastructure Spending
An executive order from President Donald Trump has paused disbursements for the bipartisan Infrastructure Investment and Jobs Act (IIJA), threatening ongoing construction projects across the United States.
Read MoreConstruction Starts Decrease 2%
Total construction starts decreased 2% in December to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Nonresidential building starts grew 2%, nonbuilding starts moved 14% lower, while residential building starts grew 4%.
Read MoreConstruction Starts Rise in November; Highways Down
Total construction starts increased 5% in November to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Nonresidential building starts grew 2%, nonbuilding starts moved 16% higher, while residential building starts fell 1%.
Read MoreTrimble, Worldsensing Collaborate to Expand Monitoring Solutions
Trimble and Worldsensing announced the introduction of a solution for long-term 3D ground and structural movement monitoring that will combine Trimble 4D Control (T4D) monitoring software with the new Trimble GNSS Meter, powered by Worldsensing. Designed for the mining, construction and infrastructure industries, this solution helps minimize the risks associated with land and structure instability by enabling faster and more…
Read MoreNew Home Sales Rise in September
Home buyers moved off the sidelines in September following the Federal Reserve’s recent move to cut interest rates for the first time in four years.
Read MoreSullivan Touts Rate Cuts as Benefit to Construction Economy
Ed Sullivan, the chief economist and senior vice president of market intelligence for the Portland Cement Association (PCA) – which represents America’s cement manufacturers – said the Federal Reserve’s recent move to lower interest rates coupled with easing inflation signals a significant retreat in interest rate levels by the end of next year … all to the benefit of construction activity.
Read MoreThe Pulse – October 2024
Construction Starts Rise 6% in August
Total construction starts rose 6% in August to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Residential starts rose 5%, nonbuilding starts gained 17%, while nonresidential buildings fell 2% in August.
Read MoreThunder Creek Expands Truck Upfit Fueling and Service Product Line
Thunder Creek Equipment announced the expansion of its truck upfit line of fuel and service solutions with the addition of the Class 5 Isuzu NRR truck chassis. This expansion includes both the No HAZMAT Fuel & Service Upfit (MTU) model, as well as the Service & Lube Truck Upfit (SLU) for daily fluids and preventive maintenance. “The addition of the…
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