U.S. Construction / Infrastructure Articles
Report estimates nearly 400,000 highway construction and maintenance job openings to be created between 2012 and 2022
A joint transportation jobs report released by the U.S. Departments of Transportation, Labor and Education estimates 388,904 highway construction and maintenance job openings will be created between 2012 and 2022, with the majority being for semi-skilled and highly skilled workers.
August 28, 2015 – Better Roads
Five-year outlook for US construction industry looks brighter
According to a new report by Timetric's Construction Intelligence Center (CIC), the US construction industry is set to pick up over the next five years.
August 27, 2015 – World Highways
Study says global demand for cement to reach 5.2 billon metric tons in 2019
World Cement, a study conducted by The Freedonia Group, projects world demand for cement to rise 4.5 percent per year to 5.2 billion metrics tons in 2019.
August 26, 2015 – Pit & Quarry
So Elon Musk's Hyperloop Project Is Getting Kinda Serious
The Hyperloop sounds like science fiction, Elon Musk's pipe dream: leapfrog high speed rail and go right to packing us into capsules that fling us across the country in hours using what are, essentially, pneumatic tubes.
August 25, 2015 – Wired
New construction starts hold steady in July
According to Dodge Data & Analytics, new construction starts in July remained unchanged from June at a seasonally adjusted annual rate of $629.4 billion.
August 21, 2015 – Pit & Quarry
U.S. Residential Loan Originations Increase 23 Percent From a Year Ago
RealtyTrac (www.realtytrac.com), a leading source for comprehensive housing data, released its Q2 2015 U.S. Residential Loan Origination Report Aug. 14, which shows that 1,950,267 loans were originated on single family homes and condos in the second quarter, up 22 percent from the previous quarter and up 23 percent from a year ago to the highest level since the third quarter of 2013.
August 18, 2015 – AED News
States Raising Taxes, Fees and Debt to Pay for Road Repairs
While Congress remains stalled on a long-term plan for funding highways, state lawmakers and governors aren't waiting around
August 17, 2015 – AP
Home builder sentiment rises in August: NAHB
U.S. homebuilder sentiment rose in August to its highest level since a matching reading almost a decade ago, the National Association of Home Builders said on Monday.
August 17, 2015 – Reuters
US asphalt demand to reach 24.3 million tonnes in 2019
US demand for asphalt is forecast to increase 3.3% annually to 24.3 million tonness in 2019, the vast majority of which is refined petroleum asphalt, according to a new report.
August 13, 2015 – World Highways
Dodge Momentum Index Rebounds in July
The Dodge Momentum Index rose to 125.3 (2000=100) in July, up 5.4 percent from its June reading of 118.9 according to Dodge Data & Analytics.
August 7, 2015 – Rock Products
Healthy Growth Expected for Nonresidential Construction Market
Despite the adverse weather conditions that curtailed design and construction activity in the first quarter of the year, the overall construction market has performed extremely well to date.
August 4, 2015 – AED News
New Home Sales Fall 6.8 Percent in June
Sales of newly built, single-family homes dropped 6.8 percent to a seasonally adjusted annual rate of 482,000 units in June, according to newly released data from HUD and the U.S. Census Bureau.
July 29, 2015 – Compact Equipment
Poor U.S. urban road conditions take toll on motorists' pocketbooks: report
More than a quarter of U.S. urban roads and interstate highways are in poor condition, costing motorists more than $500 annually, according to a report released on Thursday as Congress debates extending transportation funding.
July 23, 2015 – Reuters
Builder Confidence Hits Highest Level Since November 2005
Builder confidence in the market for newly built, single-family homes in July hit a level of 60 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) recently released, while the June reading was revised upward one point to 60 as well. The last time the HMI reached this level was in November 2005.
July 21, 2015 – Compact Equipment
Multifamily Housing Starts Drive 9.8% June Growth
Led by a steep jump in multifamily production, nationwide housing starts rose 9.8% to a seasonally adjusted annual rate of 1.174 million units in June, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.
July 17, 2015 – forconstructionpros.com
Sharp Rebound Expected in Construction, says Wells Fargo Economist
Non-residential construction, led by manufacturing and commercial buildings, should see a sharp rebound in the second half of 2015, says Wells Fargo Senior Economist Anika Khan.
July 10, 2015 – OEM Off-Highway
US construction hits seven-year high
The value of construction put in place for the 12 months to the end of May was US$ 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