Forty states added construction jobs between November 2016 and November 2017, while 39 states added construction jobs between October and November, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials noted that firms in most states are adding jobs amid expectations that demand will continue to grow thanks to new tax cuts…
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Single-Family Housing Starts Rise in November
Nationwide housing starts rose 3.3 percent in November to a seasonally adjusted annual rate of 1.297 million units after a downwardly revised October reading, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This month’s reading is a post-recession high.
Read MoreNatural Resource Partners Aggregates Business Up
Natural Resource Partners L.P. (NRP) reported third quarter 2017 net income of $26.1 million and net income attributable to the common unitholders and general partner of $18.4 million, which equated to $1.48 and $1.07 basic and diluted net income per common unit, respectively. NRP also generated Adjusted EBITDA of $58.1 million.
Read MoreDodge Momentum Index Surges
The Dodge Momentum Index surged again in November, climbing 13.9 percent to 149.5 (2000=100) from the revised October reading of 131.3. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
Read MoreARTBA: Transportation Infrastructure Market to Rebound in 2018
The U.S. transportation infrastructure market is anticipated to rebound slightly next year, following a 2.8 percent drop in 2017, according to the American Road & Transportation Builders Association’s (ARTBA) 2018 Transportation Construction Market Forecast.
Read MoreNew Home Sales Rate Reaches 10-Year High in October
Sales of newly built, single-family homes in October rose 6.2 percent to a seasonally adjusted annual rate of 685,000 units from a downwardly revised September reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest sales pace since October 2007. Year-to-date, new home sales are 8.9…
Read MoreVolvo CE Appoints Dealers in Iowa, Nebraska
Volvo Construction Equipment (Volvo CE) appointed two new dealers to the company’s dealer network in the Midwest. The appointments reflect Volvo CE’s strategy to expand and strengthen its dealer network, partnering with seasoned, expert dealerships that know their markets well and can provide a best-in-class machine uptime experience to Volvo CE’s customers. Both new dealers are taking over for Scott…
Read MoreConstruction Spending Ticks Upward
Construction spending in September totaled $1.219 trillion at a seasonally adjusted annual rate, an increase of 0.3 percent from the August total and up 2 percent from a year earlier, according to the U.S. Census Bureau.
Read MoreVoters Approve Transportation Investment Ballot Measures
Voters in 20 states approved more than 80 percent of 215 transportation investment ballot measures Nov. 7, mostly at the local level, according to analysis conducted by the American Road & Transportation Builders Association’s Transportation Investment Advocacy Center (ARTBA-TIAC).
Read MoreKespry Updates Aerial Intelligence Platform
Kespry, a leading aerial intelligence platform provider, has announced the availability of a suite of capabilities that extends the value of aerial intelligence to the full life cycle of planning, bidding and managing earthworks projects in the major site construction industry. New capabilities include grade planning and analysis, site and surface comparison including cut/fill visualization, and design plan development and…
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