Industry News archived by year:
September 28, 2009
UL Environment Leads Development of New Sustainability Standards
September 25, 2009
Nonresidential Building Construction Spending Up in June
Jobsite spending on nonresidential building construction fell 1.1% in July after being stuck at the December level through June. Current spending is about 4% below the peak level last October. However, the value of starts has plunged sharply since peaking...
September 22, 2009
New Home Sales Hit 10-Month High
Sales of new homes surged 9.6% in July, to a seasonally adjusted annual pace of 433,000, the Commerce Department reported this morning, the biggest monthly gain since February 2005. July's sales pace was also the highest since September 2008.
September 18, 2009
ABI Points to Continuing Struggles for Construction Industry
Another stall in the recovery for the construction industry as the Architecture Billings Index (ABI) dropped to its lowest level since June. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month...
September 14, 2009
Construction Spending Will Drop in 2010
Construction spending is expected to fall 12% this year and another 4% next year before gaining strength in 2011, according to the latest forecast by economist Arminé Thompson at the IHS Global Insight offices in Washington.
"Through July, U.S. total...
September 9, 2009
US Demand for Gypsum Set to Rebound
Demand in the United States for gypsum products--primarily gypsum boards destined for new housing--will rebound sharply both in price and volume over the next 10 years compared with the previous five, the Freedonia Group forecast today.
September 3, 2009
Chinese Economic Growth Rate Sets US Construction Materials Inflation Rate
Construction materials costs are again at risk of being driven sharply higher by international economic events. The world economy, and with it commodity demand, has resumed expanding, especially in Asia. The $US, dollar after a crisis period spike in...