Sales of newly built, single-family homes rose 6.7 percent in May to a seasonally adjusted annual rate of 689,000 units after a downwardly revised April report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the second-highest sales report since the Great Recession.
Read MoreTag: construction
Housing Starts Reach Post-Recession High; Permits Soften
Total housing starts rose 5 percent in May to a seasonally adjusted annual rate of 1.35 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This is the highest housing starts report since July 2007.
Read MoreTrump Administration Approves $50m in USFWS Construction Projects
U.S. Secretary of the Interior Ryan Zinke announced $50 million in approved funding to rebuild critical U.S. Fish and Wildlife Service (USFWS) infrastructure. The approved projects will repair and rehabilitate aging wildlife refuge and fish hatchery infrastructure that contribute to the $1.4 billion backlog facing the USFWS.
Read MoreConstruction Spending, Employment Rise; Highways Down
The U.S. Census Bureau announced that construction spending during April 2018 was estimated at a seasonally adjusted annual rate of $1,310.4 billion, 1.8 percent (±1.0 percent) above the revised March estimate of $1,286.8 billion.
Read MoreApril New Home Sales Inch Downward
Sales of newly built, single-family homes edged down 1.5 percent in April to a seasonally adjusted annual rate of 662,000 units after a downwardly revised March report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read MoreDeere-Hitachi Host Trade Press at Kernersville Campus
On May 17, Deere-Hitachi Construction Machinery Corp. – the joint venture by John Deere and Hitachi Construction Machinery – welcomed members of the trade press to its Kernersville, N.C., campus for a tour of its manufacturing facility and demonstrations that included the new John Deere 345G LC reduced tail swing excavator. Rock Products Associate Editor Josephine Patterson was in attendance.
Read MoreARTBA Hall of Fame Honorees Have Aggregates Connection
The Vecellio family, Charles F. Potts and Thomas N. Iovino are the 2018 inductees to the American Road & Transportation Builders Association (ARTBA) Foundation’s Transportation Development Hall of Fame. The group was honored, along with the 2016 and 2017 class inductees, at a May 14 dinner in Washington, D.C.
Read MoreCemex Invests in New Safety Technology Company
Cemex Ventures announced that it invested in PRYSMEX, a Mexico-based startup that offers a solution capable of detecting and helping to prevent workplace accidents through the Internet of Things and real-time data collection.
Read MorePettibone Adds Palmer Johnson as West Coast Dealer
Pettibone/Traverse Lift, LLC announced the addition of Palmer Johnson Power Systems to its dealer network. Palmer Johnson will carry Pettibone Extendo and Traverse telehandlers and Cary-Lift pipe and pole handlers for southern and central California, while focusing strictly on the Extendo and Traverse product lines in the state of Washington. “We are thrilled to have Palmer Johnson aboard to represent Pettibone on the…
Read MoreAcquisition Activity Impacts Granite Construction’s First Quarter
Granite Construction Inc. reported a net loss of $11.4 million for the quarter ended March 31, 2018, compared to a net loss of $23.8 million in the first quarter of 2017. First quarter 2018 results include the impact of acquisition expenses related to Granite’s announced and pending acquisition of Layne Christensen Co. and from its recently completed purchase of LiquiForce.
Read More