July 31, 2008
June Construction Slips 1%
New construction starts in June retreated 1% to a seasonally adjusted annual rate of $552.0 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. Nonresidential building fell 12% after its elevated May pace, pulling...
July 29, 2008
June Producer Price Index Down 1.7% from 2007
The June Producer Price Index for Wood Doors (flush & panel, interior & exterior) was down 1.6% from 2007 and the Other Wood Doors (Incl. garage, screen, storm, etc.) PPI was up 2.6% compared to a year earlier. Compared to May, the unadjusted June...
July 29, 2008
Home Prices Drop 15.8% with Low Consumer Confidence
Home prices in 20 U.S. metropolitan areas fell at a faster pace in May, and consumer confidence stayed near the lowest level since 1992 this month, posing a threat to household spending.
The S&P/Case-Shiller home-price index dropped 15.8 percent...
July 25, 2008
Decline in '08 Nonresidential Construction Activity, More in '09
As the nonresidential sector has experienced cutbacks in demand for new space, the projections for construction activity for new nonresidential facilities are for a mild decline in 2008, with a more significant downturn in 2009. The forecasts are more...
July 22, 2008
June Housing Starts
June housing starts rose 9.1% to 1.066 million (SAAR). The increase in total starts was driven by a surge in multi-family permits in the Northeast region (see note below). Nationally, single family starts were down 5.3% to 0.647 million (SAAR). The...
July 18, 2008
Several EIFS Manufacturers Announce Price Increases
July 11, 2008
ASSA ABLOY Has Acquired Rockwood
ASSA ABLOY has acquired Rockwood Manufacturing Company, a leading US producer of standard and custom decorative and speciality door hardware.
Rockwood Manufacturing Company is a family owned business established in 1946 and headquartered in Rockwood,...
July 9, 2008
The Greening of America
When Mayor Antonio Villaraigosa signed a comprehensive green building law in April, Los Angeles became the largest American city to date to enact strict environmental standards on private-sector construction. It joined a growing list of U.S. cities that...
July 7, 2008
Healthcare Construction Spending Temporarily Drops
Healthcare construction spending declined about 3% during the first quarter of 2008, following a 32% increase during the previous two years. Reed Construction Data attributes the decline to a drop in project starts, and expects the decline to be brief,...
July 3, 2008
Counties With Green Building Programs Have Increased 400% Since 2003
Since 2003 the number of counties with green building programs has risen from eight to thirty-nine for an increase of 387.5%. In an effort to examine the eco-friendly initiatives of U.S. counties, the American Institute of Architects (AIA) commissioned a...