After surging more than 27 percent and reaching the fastest pace in nine years during October, housing starts in November fell back, according to the Commerce Department. Housing starts plummeted by 18.7 percent to an annual rate of 1.090 million from the revised October estimate of 1.340 million. Economists had expected housing starts to dip to a rate of 1.230…
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Aggregates Production Dips in Third Quarter; Higher for Year
An estimated 687 million metric tons (Mt) of total construction aggregates was produced and shipped for consumption in the United States in the third quarter of 2016, a slight decrease compared with that of the third quarter of 2015. The estimated production for consumption in the first nine months of 2016 was 1.78 billion metric tons (Gt), an increase of…
Read MoreIronDirect Opens 100-Acre Customer Experience Center
IronDirect, which offers a convenient online platform for construction equipment buyers to acquire machines, attachments, parts and services, announced the grand opening of a 100-acre customer experience center in Asheville, N.C. The state-of-the-art facility offers prospective customers, dealers and sales partners the opportunity to operate and evaluate premium and value-priced equipment from brands such as Paladin, Berco, Lonking, Shantui and…
Read MoreDodge Momentum Index Inches Up in November
The Dodge Momentum Index moved 0.3 percent higher in November to 133.2 from its revised October reading of 132.7 (2000=100). 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 MoreCall-to-Action for Industry Suicide Prevention
Dec. 7, 2016 – With more than 15 organizations pledging support, the Construction Industry Alliance for Suicide Prevention initiated plans to shine a light on creating a zero-suicide industry. The Construction Financial Management Association (CFMA) established the Alliance with the goal of providing and disseminating information and resources for suicide prevention and mental health promotion in construction. Alliance member organizations…
Read MoreIMT Introduces New Distributor in Pacific Northwest
Iowa Mold Tooling Co. Inc. (IMT), an Oshkosh Corp. company, announced the addition of Carco Industries, Inc. to its distributor network. Located in Tualatin, Ore., Carco Industries serves IMT customers in the Pacific Northwest region of the U.S. “We’re proud to welcome Carco Industries to our distributor network,” said Tom Wallace, sales manager at IMT. “Carco Industries’ dedication to providing…
Read MoreARTBA Forecast: Modest Growth in Transportation Construction
Total transportation construction and related market activity is expected to grow 1.3 percent in 2017, driven largely by increases in highway and bridge private construction activity supporting residential and commercial developments, according to the American Road & Transportation Builders Association’s (ARTBA) chief economist, Dr. Alison Premo Black.
Read MoreU.S. Construction Equipment Exports Down 25 Percent
Exports of U.S.-made construction equipment fell 25 percent overall for the first three quarters of 2016 compared to 2015, for a total $8.2 billion shipped to global markets.
Read MoreCemex Custom Apps Designed for Best Customer Experience
Cemex plans an early-2017 release of custom apps designed in collaboration with IBM iX (Interactive Experience), creating the “best mobile-led customer experience in the building materials supply industry.”
Read MorePublic-Sector Construction Needs Investment; Qualified Workers
Only 23 states and the District of Columbia added construction jobs between September and October while construction employment increased in 35 states between October 2015 and October 2016, according to analysis of Labor Department data released by the Associated General Contractors of America (AGC). Association officials said declining public-sector investments in infrastructure and other public projects were undermining construction employment…
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