Economy: Page 111
-
La. trims $3.7B from I-49 project, cites lack of 'fairy godmother' funds
The state cannot look to Washington for road funding anymore, the state treasurer says, so its DOT found changes to cut the $5.1 billion plans.
By Ron Gallagher • Dec. 15, 2013 -
Construction equipment purchases will decline through 2014, report says
Investment in equipment by all business is expected to rise next year, but construction equipment appears to have had its boom earlier this year.
By Ron Gallagher • Dec. 15, 2013 -
Insurer sees continued construction growth if economy cooperates
Euler Hermes, an international insurer, expects home building to keep growing — if loan rates do not jump — as will commercial, but at a slower pace.
By Ron Gallagher • Dec. 12, 2013 -
New-home sales slide down as average mortgage amount creeps up
The Mortgage Bankers Association said a survey it conducts found mortgage applications for new single-family homes were down 18% from October to November.
By Ron Gallagher • Dec. 12, 2013 -
Minn. governor may propose $975M public construction program
Gov. Mark Dayton is due to send lawmakers a plan next month, and he says he is thinking bigger than before about a program to be financed by borrowing.
By Ron Gallagher • Dec. 11, 2013 -
Toll Brothers' report suggests even the well-to-do have a spending limit
The builder of luxury homes had strong revenues for the quarter ended Oct. 31, but sales contracts since then are more than winter would account for.
By Ron Gallagher • Dec. 10, 2013 -
Construction adds 17,000 jobs in November
Labor Department figures show that 7,700 of the hires were on the nonresidential side of the industry.
By Ron Gallagher • Dec. 8, 2013 -
W. P. Carey to Develop Build-to-Suit Office Facility in Germany for $65M
By Barbra Murray, Contributing Editor W.P. Carey has expanded its presence in Europe for the second time in a month. The REIT just announced a build-to-suit contract for a new office property to be occupied by Banco Santander S.A. in Monchengladbach, Germany. The Class A building will cost $65 mi...
Dec. 6, 2013 -
Nationally, housing market is at 86% of 'normal,' latest survey finds
The latest installment of the monthly National Association of Home Builders/First American Leading Markets Index (LMI) shows smaller markets leading the way.
By Ron Gallagher • Dec. 5, 2013 -
Index for nonresidential work: Down in Q4, but up from 2012
Consultant FMI compiles the index from industry interviews, and one thing the authors are not buying is anything about construction just "taking a breather" after growth.
By Ron Gallagher • Dec. 5, 2013 -
25% October jump puts new-home sales pace back on track
September sales were down, but October jumped 25.4% and put the annual sales pace back on its path from earlier this year.
By Ron Gallagher • Dec. 4, 2013 -
The latest report on nonresidential spending isn't all bad
Federal numbers showed spending down 1.3% in September and up 1.6% in October, which ABC said shows that the sector might get back "a certain degree" of upward momentum next year.
By Ron Gallagher • Dec. 3, 2013 -
2014 Equipment Forecast: Mixed Growth Dampens New Machine Sales
As was the case this year, rental companies and dealers will continue to drive much of the sales of new heavy machinery, analysts say.
Dec. 3, 2013 -
Oct. construction spending jumps on rare opening of public purse
Public-sector projects were up 3.9% from September, and the climb covered for decreases in private-sector outlays for residential and nonresidential projects.
By Ron Gallagher • Dec. 2, 2013 -
Realtors: Pending home sales index slipped in October
The National Association of Realtors said contract activity captured in its index of pending home sales was down in October, possibly because of the government shutdown.
By Ron Gallagher • Nov. 26, 2013 -
ARTBA: Bumpy road ahead for 2014 highway construction spending
Though overall transportation investment should rise 5% next year, the builders group expects paving work to be up in 19 states, down in 20 and flat in 11.
By Ron Gallagher • Nov. 26, 2013 -
National construction cost index records 'up' for 22nd month
The Engineering and Construction Cost Index (ECCI), compiled by IHS Inc.and the Procurement Executives Group, went above its 50 mark in January 2012 and hasn't looked back.
By Ron Gallagher • Nov. 26, 2013 -
No September, October home-construction data from Washington yet
Dec. 18, not Nov. 26, is now the date when the U.S. Commerce Department thinks it can have data about housing starts and completions for October ready.
By Ron Gallagher • Nov. 25, 2013 -
Getting vacant houses onto the market will help building recovery
Buyers are seeing tight inventories in many areas because vacant homes are going on the market slowly, and that gives builders reason to go slow themselves.
By Ron Gallagher • Nov. 25, 2013 -
Realtors: U.S. needs more houses to sell
As existing-home sales fell, the National Association of Realtors said the U.S. market needs builders to create more inventory to reduce upward price pressure.
By Ron Gallagher • Nov. 21, 2013 -
Broad materials price index for October down from 2012
Prices for lumber, concrete products and fabricated structural metal products still rose.
By Ron Gallagher • Nov. 21, 2013 -
Mass. development hits brakes for redesign as construction costs rise
The proposed 15-story high-rise in Quincy has already become a six-story mid-rise.
By Ron Gallagher • Nov. 20, 2013 -
Big projects kick Oct. construction starts up 5%
The value of construction begun last month hit an annual pace of $585.6 billion, but McGraw-Hill Construction attributed some of the jump to one-time starts.
By Ron Gallagher • Nov. 20, 2013 -
Third-quarter construction backlog mostly holds steady
Associated Builders and Contractors' average backlog of work for all nonresidential construction held fast at 8.2 months from the second quarter to the third, but some sectors were up and others continued to decline.
By Ron Gallagher • Nov. 19, 2013 -
NAHB: Home builders optimistic despite the government
The National Association of Home Builders' monthly survey showed builders holding out hope despite uncertainties.
By Ron Gallagher • Nov. 18, 2013
Previous
