Well do you remember 2008 work, expect more of the same in 2009 with some exceptions. Both residential and non residential is expected to remain weak. With non residential not sliding as much. Now no one is sure, but some speculate that the government’s stimulus package could help recovery in
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Good news at last! New housing starts and permits unexpectedly rebounded in February! The Commerce Dept. said housing starts leaped 22.2% to a seasonally adjusted rate of 583,000 units from 477,000 units in January. This was the biggest percentage rise since January 1990 and also marked the first increase since
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We thought it would be neat to highlight recent construction news above and beyond just economics. So from time to time we will highlight the latest in the different areas of construction. This time we wanted to talk about equipment. At the World of Concrete in 2008, Case showed the
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New-home sales fell to a record low in January. The Commerce Department reported Thursday that sales fell 10.2% to a seasonally adjusted annual rate of 309,000. This is the worst number on record since 1963. It was a weaker number that economists had expected, which was 330,000. One bright spot
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The marathon seems to continue on as housing starts can’t seem to find stability in this extremely weak economy. The Commerce Department announced that the overall pace of housing starts contracted yet again in January, extending its current streak of month-over-month declines to seven. More specifically, 466,000 new houses broke
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New home sales in the United States plunged 14.7 percent in December 2008 to a seasonally adjusted annual rate of 331,000 units, the lowest level on record, the Commerce Department reported on Thursday, January 29th 2009.
It has recently been forecasted by the Western Wood Products Association that U. S. demand for lumber will drop almost 14.4% in 2009 from last year’s demand. This forecast is based on the expectation that housing starts in 2009 will total just 803,000, the lowest level since WW2. Home building
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Yes, as construction continues to slow in most all areas of the economy, materials prices also continue to fall. They were down 2.5% in the month of December 2008 from the previous month according to the Jan. 15th PPI report. This represents the third straight month that construction prices have
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We realize we have all different types of power tool enthusiasts that visit our site. We also realize that a good percentage are professional power tool users predominately tied to the housing construction industry. Keeping this in mind, we are starting up a brief overview of the housing industry with
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Per our user’s request, we are adding a new category called “Construction Industry”. In this new category we will have updates on the industry, economics, trucks and more. Please let us know if there are any specific items you would like us to include.
