December 28, 2006
New Home Sales Rise By 3.4% in November
The U.S. Commerce Department reported today that sales of newly built, single-family homes rose 3.4 percent to a seasonally adjusted annual rate of 1.05 million units in November. Sales also were revised upward for the three previous months. The latest...
December 21, 2006
Unemployment Up To 4.5% - 29M Construction Jobs Lost
Washington DC - U.S. payroll growth accelerated during November, while worker wages grew slightly less than expected and the unemployment rate ticked higher. Nonfarm payrolls increased by 132,000 after growing a revised 79,000 in October and 203,000 in...
December 21, 2006
Builder Confidence Holds Steady in December
Heading into the holidays, builders of new single-family homes continue to believe that the worst of the downswing in home buying is behind them, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for December....
December 21, 2006
Construction Spending Drops 1% - Largest in 5 Years
Washington DC - U.S. construction spending took its biggest tumble in five years during October as the housing slump reduces home-building. Total spending decreased 1.0% to a seasonally adjusted annual rate of $1.178 trillion, the Commerce Department...
December 21, 2006
Consumer Confidence Declines 2% in November
Washington DC - The Conference Board Consumer Confidence Index, which edged down in October, declined further in November. The Index now stands at 102.9, down from 105.1 in October. The Present Situation Index decreased to 123.6 from 125.1. The...
December 21, 2006
November 2006 Housing Starts
November housing starts reversed the downward trend of the past ten months, increasing 6.7 percent to 1.588 million (SAAR). Single family starts were up 8.1 percent to 1.281 million (SAAR). There were large regional differences: The South, where almost...
December 21, 2006
Housing Starts Up in Nov, Down 25.5% Last 12 Months
Washington DC - Housing starts increased by 6.7% to a seasonally adjusted 1.588 million annual rate, the Commerce Department said Tuesday. The government raised its original estimate for October starts. Construction fell by 13.7% to 1.488 million in...
December 21, 2006
AWCI's 2007 EIFS Education and Certification Programs
The Association of the Wall and Ceilings Industry (AWCI) has three more EIFS Education and Certificate Programs for Mechanics, Industry Professionals and EIFS Inspectors. These two day seminars focus on generic EIFS installations according to industry...
December 18, 2006
ASTM C645 Revisions Could Be in Effect Next Month
As most of you are aware ASTM C645, Standard Specification for Nonstructural Steel Framing Members, contained a ballot item regarding dimpled steel. In the last round of balloting, five negatives were recorded, but four of the negatives were withdrawn. ...
December 4, 2006
Construction Spending Drops 1% - Largest in 5 Years
Construction Spending Tumbles By JEFF BATER Washington DC - U.S. construction spending took its biggest tumble in five years during October as the housing slump reduces home-building.
Total spending decreased 1.0% to a seasonally adjusted annual rate...