U.S. Construction / Infrastructure Articles
Metro Housing Markets Almost Back to Normal
Markets in 59 of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the third quarter of 2014, according to the National Association of Home Builders/First American Leading Markets Index (LMI).
November 12, 2014 – Rock Products
PennDOT receives swathe of federal cash to bolster long list of projects
Pennsylvania Department of Transportation (PennDOT) secretary Barry Schoch announces the pending receipt of approximately $33 million in federal funds that will be applied to the DOT's running list of 56 projects aimed at improving the overall state of transportation statewide, from new construction to improving state of good repair.
November 12, 2014 – Roads & Bridges
Former U.S. roads boss hoping to raise $250 million
Former U.S. federal transportation boss Ray LaHood is trying to raise the required $250 million for a U.S. customs plaza for the $2.1-billion Detroit River bridge project.
November 10, 2014 – Better Roads
Dodge Forecasts 9% Rise in Construction Starts in 2015
After steady growth in 2014, the construction industry could see a strong uptick in construction starts in 2015, according to Dodge Data & Analytics. Dodge forecasts that the total value of construction starts could reach $612 billion next year-up 9% from 2014.
November 7, 2014 – ENR
AGC economist forecasts strong construction growth
The morning after Republicans won back the U.S. Senate, Ken Simonson, chief economist for the Associated General Contractors of America, said that conservative majorities in both houses of Congress are unlikely to spend money to improve the the country's infrastructure, but that private construction will be robust.
November 7, 2014 – Equipment World
California roads becoming a threat to drivers
The shortfall to fix California's deteriorating roads currently stands at $78.3 billion and is growing by more than $1 billion annually, according to the California Statewide Local Streets and Roads Needs Assessment Report.
November 7, 2014 – Better Roads
Farm Foundations Announces "Transportation Challenges For Agriculture" Forum
A shortage of rail cars to move this fall's grain harvest has been a frequent news item for several months. Yet rail service is only one of many transportation issues facing agriculture and rural America.
November 7, 2014 – AgriMarketing
Single Family Housing Production Poised to Take Off in 2015
A growing economy, rising household formations, low mortgage rates and pent-up demand will help single-family housing production to rev up in 2015 while a growth in renters will keep the multifamily market at cruising altitude or higher, according to economists who participated in yesterday's National Association of Home Builders (NAHB) 2014 Fall Construction Forecast Webinar.
November 4, 2014 – Commpact Equipment
Highway construction spending down for second straight month
U.S. construction spending dropped for the second straight month in September, this time by .4 percent. In August construction spending dropped .5 percent.
November 4, 2014 – Better Roads
Ray LaHood: 'We need a big pot of money' to fix America's roads and bridges
Continuing his "America is one big pothole" theme, former U.S. Department of Transportation Secretary Ray LaHood used an appearance at a Caterpillar press event Wednesday night to lambast the present direction of U.S. transportation policy.
October 31, 2014 – Better Roads
VP Biden urges for increase in infrastructure spending
Vice President Biden wants to see an increase in infrastructure spending, saying it would spur growth and create jobs.
October 30, 2014 – Better Roads
Architecture Billings Index Show Robust Conditions Ahead for Construction Industry
With all geographic regions and building project sectors showing positive conditions, there continues to be a heightened level of demand for design services signaled in the latest Architecture Billings Index (ABI).
October 28, 2014 – Compact Equipment
Biden: 'Build, build, build'
Vice President Biden called for an increase in infrastructure spending during a speech Tuesday in Washington, arguing it will spur growth and create jobs.
October 28, 2014 – The Hill
Gov. Quinn backs Illinois Jobs Now! project with road funding
News out of Springfield announced that Ill. Governor Pat Quinn (D) has authorized a $2.2 million resurfacing project in Will County that will see the resurfacing of 2nd Street to U.S. 45 in Manhattan and Wilton Townships. Gallagher Asphalt Corp. of Thornton, Ill. won the job.
October 21, 2014 – Roads & Bridges
2014 US Construction Spending 6.8% above 2013
Despite an eight thenths of a percent skip from July to August in the value of all U.S. construction put-in-place total construction spending through the first eight months of 2014, spending remains 6.8 percent above the same period in 2013.
October 16, 2014 – forconstructionpros.com
4Q Economic Outlook Predicts Growth in Equipment, Software Investment
Investment in equipment and software is expected to grow 5.5 percent in 2014, according to the fourth-quarter update to the 2014 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation.
October 3, 2014 – Construction Equipment
Construction employment way up in September
The construction industry added jobs during September, extending a streak of job gains now nine months long.
October 3, 2014 – Better Roads
Construction spending dips 0.8% in August due to fall in nonresidential
U.S. construction spending saw its second dip of the year in August, falling 0.8 percent.
October 1, 2014 – Equipment World
Nearly $3.6 Billion to Make Transit Systems More Resilient in New York, New Jersey, and Beyond
Transportation Secretary Anthony Foxx recently announced that 40 projects have been competitively selected to receive a share of $3.59 billion in federal disaster relief funds to help public transportation systems in the areas affected by Hurricane Sandy to become more resilient, in order to withstand the impact of future natural disasters.
September 29, 2014 – AED News
New Home Sales Surge in August to Six-Year High
New home sales spiked 18 percent in August to a 504,000-unit pace with upward revisions to previous months' data.
September 25, 2014 – Site-K Construction Zone