U.S. Construction / Infrastructure Articles
US construction hits seven-year high
The value of construction put in place for the 12 months to the end of May was US$ 1.04 trillion. This was an +8.2% increase on a year ago and a +0.8% increase on April's figure, according to the US Census Bureau.
July 3, 2015 – International Construction
Demand for Construction Machinery to Advance Globally, Decelerate Locally
According to a new study of world construction equipment demand by industry research firm Freedonia Group Inc., global demand for construction machinery is forecast to advance 3.9 percent per year through 2019 to $218 billion, decelerating from the 2009-2014 period.
July 1, 2015 – forconstructionpros.com
Construction Slated to Grow 5 Percent in 2015
Construction activities are expected to grow at 5 percent in 2015, leveling off from the previous forecast of 8 percent in Q1 2015, according to the Q2 Construction Outlook released by FMI Corp.
June 29, 2015 – Rock Products
Architectural Billings Index Returns to Positive Territory
Led by growing demand for new schools, hospitals, cultural facilities and municipal buildings, the Architecture Billings Index (ABI) increased in May following its second monthly drop this year.
June 29, 2015 – AED News
Firm scales back 2015 construction outlook
Construction activities are expected to grow at 5 percent this year, FMI Corp. reports, leveling off from a previous forecast of 8 percent that the firm produced.
June 26, 2015 – Pit & Quarry
New Home Sales Reach Seven-Year High
Sales of newly built, single-family homes rose 2.2 percent to a seasonally adjusted annual rate of 546,000 units in May, according to newly released data from HUD and the U.S. Census Bureau. This is the highest new-home sales rate since February 2008.
June 26, 2015 – Compact Equipment
May Construction Starts Increase 3 Percent
At a seasonally adjusted annual rate of $729.7 billion, new construction starts in May climbed 3 percent compared to April's already elevated pace, according to Dodge Data & Analytics.
June 25, 2015 – Rock Products
Construction Job Openings to New Hires Ratio Triples Since 2011
An AGC analysis of April's Job Openings and Labor Turnover Survey (JOLTS, data) from the Bureau of Labor Statistics showed that the ratio of job openings at month's end to monthly hires in construction roughly tripled.
June 23, 2015 – Construction Equipment
May construction starts ascend 3 percent
According to Dodge Data & Analytics, new construction starts in May rose 3 percent to a seasonally adjusted annual rate of $729.7 billion and a Dodge Index of 154. The rise mainly can be attributed to a liquefied natural gas export terminal project in the electric power and gas plant category of the nonbuilding construction sector.
June 19, 2015 – Pit & Quarry
Home builder confidence hits yearly high in June
Builder confidence in the market for newly built, single-family homes in June rose five points to a level of 59 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), which was recently released. This is the highest reading since September 2014.
June 19, 2015 – Compact Equipment
Construction Equipment Fleets Show Growth in 2015
Equipment managers report more aggressive fleet expansion and replacement midway through 2015 than they forecast at the beginning of the year.
June 18, 2015 – Construction Equipment
Nonresidential Construction Growth Continues in May
The U.S. construction industry added 17,000 jobs in May according to the June 5 preliminary estimate released by the Bureau of Labor Statistics.
June 9, 2015 – Compact Equipment
Texas just showed up Congress on transportation funding
Texas Governor Greg Abbott approved three transportation-related bills on Tuesday, including one, which, pending voter approval, will add $2.5 billion to the state's highway fund, in order to keep Texas' roads in working order.
June 8, 2015 – Business Insider
MDOT targets major I-94 reconstruction in Detroit
It will take 20 years and nearly $3 billion dollars, but the reconstruction of a nearly seven mile stretch of Interstate 94 in downtown Detroit is slowly inching forward.
June 8, 2015 – The Detroit News
North Carolina Transportation Board Approves 1,100 Projects Over Next 10 Years
The North Carolina Board of Transportation has approved the 2016-2025 State Transportation Improvement Program (STIP), a 10-year transportation plan that includes nearly 1,100 projects in the state over the next decade.
June 5, 2015 – forconstructionpros.com
TDOT commissioner admits bleak future for state highway funding
According to Tennessee Department of Transportation (TDOT) Commissioner John Schroer, the state is entering into a infrastructure funding crisis.
June 4, 2015 – Roads & Bridges
Study: Construction Equipment Market is Expected to Reach $240.97 Billion Globally by 2020
According to a new report by Allied Market Research titled, "Global Construction Equipment Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2014-2020," the global construction equipment market is expected to reach $240.97 billion by 2020, registering a CAGR of 8.9% during 2015-2020.
June 4, 2015 – forconstructionpros.com
Global Cement Consumption on the Rise, Led by North America
Global cement consumption is expected to grow throughout 2015 and continue throughout the next year, but at the slower rate than in the past.
June 4, 2015 – forconstructionpros.com
Illinois Governor nixes Illiana Expressway project due to state budget woes
Illinois Gov. Bruce Rauner rejected the proposed Illiana Expressway, which would have connected I-65 in Indiana with I-55 near Joliet, Ill., due to the state budget crisis.
June 3, 2015 – Roads & Bridges
New-Home Sales Rise 6.8 Percent in April
Sales of newly built, single-family homes rose 6.8 percent to a seasonally adjusted annual rate of 517,000 units in April, according to newly released data from HUD and the U.S. Census Bureau.
May 29, 2015 – AED News