In a strategic move to bolster support for dealers and customers, Hitachi Construction Machinery Americas opened a sustainable, state-of-the-art headquarters facility. This adaptive-use facility will help propel the company’s growth in the Americas. It will facilitate the development and production of new machinery and elevate customer support.
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Housing Starts Decline in January on Multifamily Weakness
A sharp decline in multifamily starts pushed overall housing starts down in January even as single-family production showed signs of a gradual improvement later this year as interest rates continue to moderate.
Read MoreConstruction Spending Rises for Month, Full-Year 2023
Construction spending during December 2023 was estimated at a seasonally adjusted annual rate of $2,096.0 billion, 0.9% (± 0.8%) above the revised November estimate of $2,078.3 billion. The December figure is 13.9% (±1.5%) above the December 2022 estimate of $1,840.9 billion.
Read MoreDodge Momentum Index Rises in December
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, rose 3% in December to 186.6 (2000=100) from the revised November reading of 181.5. Over the month, commercial planning grew 1.0% and institutional planning improved 6.1%.
Read MoreConstruction Starts Rocket in December
Total construction starts grew 20% in December to a seasonally adjusted annual rate of $1.12 trillion, according to Dodge Construction Network. Nonresidential building starts rose 37% during the month, while residential starts gained 8% and nonbuilding starts improved by 13%.
Read MoreHD Hyundai Vice Chairman Kisun Chung Shares Xite Innovation Vision at CES 2024
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.
Read MoreSingle-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.
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