The value of new construction starts fell 13 percent in January to a seasonally adjusted annual rate of $485.0 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. The downturn followed a healthy performance in December, which was the third highest month for total construction starts during 2013.
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Improving Markets Report Hits New High
A total of 291 metropolitan areas across the country now qualify as improving housing markets, according to the National Association of Home Builders/First American Improving Markets Index (IMI) for September. This reflects a gain of 44 markets from August and marks the index’s highest level since it was initiated two years ago.
Read MoreNew Building Products Company Launched
Continental Building Products LLC, a new company created after the sale of Lafarge’s gypsum assets in North America, officially launched as a business. Although the sale technically closed on August 30, the first regular workday has begun for employees at Continental’s headquarters in Reston, Va., and its gypsum and joint compound facilities in Buchanan, N.Y.; Palatka, Fla.; Silver Grove, Ky.;…
Read MoreAsphalt Industry Ready for New PEL
August 26, 2013 – Aggregates operations with an adjacent asphalt plant can take note of this: The Occupational Safety and Health Administration (OSHA) released a proposed permissible exposure level (PEL) for silica dust, according to the National Asphalt Pavement Association.
Read MoreCase Launches New Equipment at Public Works Show
CASE Construction Equipment introduced new equipment and technologies for public works professionals at the 2013 International Public Works Congress & Exposition, held Aug. 25-28 at McCormick Place in Chicago, including: The CASE 621F wheel loader. The 621F provides up to a 10-percent increase in fuel economy over the previous model, while delivering faster acceleration, quicker cycle times and higher travel…
Read MoreNew Home Construction Surges in June
Sales of newly built, single-family homes surged 8.3 percent to a seasonally adjusted, annual rate of 497,000 units in June, their fastest pace in the last five years, according to data released July 24, 2013, by HUD and the U.S. Census Bureau.
Read MoreLiebherr Gets New President
Liebherr announced the appointment of Peter Mayr as president of Liebherr Construction Equipment Co., effective July 1, 2013. Mayr has held progressive leading positions within the Liebherr Group. Most recently he served as managing director for Liebherr-Great Britain Ltd. (LGB) and Liebherr Rental Ltd (LRL). Mayr began his Liebherr career in 2001 working at Liebherr-Werk Telfs GmbH (LWT) in Austria…
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