U.S. Construction / Infrastructure Articles
A hike in the gas tax is not the answer to trans funding, says Utah Senator
As lawmakers search for solutions to pay for a new transportation bill by May 31, state leaders such as Sen. Mike Lee (R-Utah) want to make sure that raising the federal gas tax is not the fix.
March 27, 2015 – Roads & Bridges
Construction Put-in-Place to Grow 8 Percent in 2015
Total construction put in place for 2015 is predicted to grow 8 percent according to the latest report from FMI.
March 27, 2015 – Compact Equipment
State DOTs cancel or delay $780M in trans projects, another $1.8B are at risk
Four states have cancelled or delayed $780 million in transportation improvement projects and another nine say more than $1.8 billion are at risk because of continued uncertainty in Congress over what do about the Highway Trust Fund (HTF).
March 25, 2015 – Roads & Bridges
Illinois Governor Cuts Transportation Funding
Illinois Gov. Bruce Rauner created a short-term budget fix to resolve an immediate $1.6 state deficit.
March 25, 2015 – Construction Equipment
U.S. Home Prices Rose Less Than Expected in January
U.S. home prices increased less than economists estimated in January as traditional buyers took the place of investors, leading to smaller gains.
March 25, 2015 – Bloomberg
Good news on U.S. housing market, for a change
Sales of new homes in February climbed to a seven-year high, the government reported Tuesday, with the increase topping analysts' expectations.
March 24, 2015 – CBS Money Watch
Equipment Confidence Index Reaches 4-YearHigh
A key indicator of equipment leasing confidence is at the highest level in four years, and up in March over its February level.
March 20, 2015 – Construction Equipment
Construction Employment Increased in 43 States and D.C. in Past Year
Construction firms added jobs in 43 states and the District of Columbia between January 2014 and January 2015 while construction employment increased in 31 between December and January, according to an analysis of Labor Department data by the Associated General Contractors of America.
March 20, 2015 – Compact Equipment
Construction Employment at Six-Year High
Construction employers added 29,000 jobs in February and 321,000 during the past year, reaching the highest construction employment total in six years as the sector's unemployment rate fell to an eight-year low of 10.6 percent, according to an analysis by the Associated General Contractors of America.
March 17, 2015 – RER
Federal Highway Spending in Wis. Drops By 3.6 Percent
Federal aid for Wisconsin highways dropped by 3.6 percent, nearly $28 million, over the five years ending in 2013, according to data obtained by The Associated Press, exacerbating the state's woes in finding money for road projects.
March 14, 2015 – Construction Equipment Guide
Illinois Tollway to Invest $1.63 Billion
The Illinois Tollway announced it will invest $1.63 billion in transportation infrastructure improvements in 2015 for the largest year of capital spending in agency history.
March 14, 2015 – Construction Equipment Guide
San Fran introduces $32 billion infrastructure plan
While many major metro areas are shying away from long-term infrastructure plans in the midst of federal funding uncertainty, San Francisco recently introduced a 10-year fiscal plan to transform the city's infrastructure with a series of major construction projects.
March 11, 2015 – Roads & Bridges
Pennsylvania Flush With Cash for Transportation Projects
While other states struggle to pay the upkeep on their highway systems, Pennsylvania is implementing a multifaceted, multibillion-dollar blueprint designed to accelerate road and bridge projects, improve mass transit systems and increase subsidies to local governments.
March 10, 2015 – Construction Equipment Guide
Dodge Momentum Index rises in February
The Dodge Momentum Index increased 4.3 percent to 126.3 in February from 121.1 in January, according to Dodge Data & Analytics.
March 6, 2015 – Pit & Quarry
Construction Spending Up 1.8% in January From Year-Earlier Level
Construction spending climbed 1.8% in January on a year-over-year basis, to an annual rate of $971.4 billion, but it was down 1.1% from December's total, the Commerce Dept. has reported.
March 2, 2015 – ENR
U.S. construction equipment exports drop 13 percent in 2014
Exports of U.S.-made construction equipment ended 2014 with a 13.2-percent drop compared to 2013, with a total $17.26 billion shipped to global markets.
February 26, 2015 – AEM News
The top 10 transportation challenges facing New Mexico
New Mexico's roads, highways, and bridges are plagued by needed improvements to critical routes including inadequate capacity, deficient bridges, pavement deterioration, and inadequate safety features, according to a new report from The Road Improvement Program.
February 25, 2015 – Better Roads
Wells Fargo Survey: Construction Activity Widely Expected to Improve in 2015
Construction contractors and equipment distributors have continued optimism about local, nonresidential construction activity in 2015 and expect a strong rental market and increasing equipment acquisitions, according to a survey from Wells Fargo Equipment Finance, a subsidiary of Wells Fargo & Company (NYSE: WFC).
February 25, 2015 – heraldonline.com
January Construction Climbs 9 Percent
The value of new construction starts climbed 9 percent in January to a seasonally adjusted annual rate of $621.0 billion, according to Dodge Data & Analytics.
February 23, 2015 – Rock Products
Midwest Pushes Housing Starts Down 2% in January
Nationwide housing starts fell 2% to a seasonally adjusted annual rate of 1.065 million units in January, according to newly released data from the U.S. Commerce Department.
February 18, 2015 – forconstructionpros.com