construction
Cat headquarters to remain in Peoria, new design revealed
After completing a multiyear study focused on modernizing its headquarters, Caterpillar Inc. reaffirmed that its headquarters will remain in Peoria, Ill. The company also revealed a new design that will eventually span 31 acres on the city’s riverfront, which will… Keep Reading
January construction rises 9 percent
According to Dodge Data & Analytics, the value of new construction starts climbed 9 percent in January to a seasonally adjusted annual rate of $621 billion with a Dodge Index of 131. The increase in January construction was due in… Keep Reading
FMI warns shortage in trade workers may slow construction
After surveying members of the Construction Personnel Executive Group, FMI reported a craft labor shortage might slow construction. The survey determined that 24 percent of the survey respondents will be unable to bid more work and 32 percent will experience… Keep Reading
CRH to purchase Lafarge, Holcim assets for $7.4 billion
Irish cement maker CRH has agreed to pay $7.4 billion for the Lafarge and Holcim assets, says an article on Reuters. This purchase will make CRH the world’s third-largest building materials supplier and the largest building supplier in central and… Keep Reading
Economics Pulse: Construction materials update
Last year proved to be a year of mixed results for the construction materials sector. Production volumes increased in 2014, but not at the pace that many expected. Sales increased but profit margins struggled to show improvement. Stock prices for… Keep Reading
2014 construction put in place to end on high note
According to FMI’s Q4 Construction Outlook, total construction put in place (CPIP) for 2014 will be $62 billion greater than last year, which is a 7 percent increase. The outlook also reports that CPIP should finish around $972 billion this… Keep Reading
Firm: November year’s strongest month for nonresidential building plans
The Dodge Index, a monthly measure of the first report for nonresidential building projects in planning, increased 13 percent in November from the previous month, according to Dodge Data & Analytics. The November increase brings the momentum index to 143,… Keep Reading
Builders association expects further economic growth in 2015
Associated Builders and Contractors (ABC) forecasts a steady and ongoing economic recovery for the U.S. commercial and industrial construction industries in 2015. The industry recovery that took place this year should continue in 2015, ABC says, with momentum growing in… Keep Reading
FMI predicts further growth 2015
FMI released its "2015 U.S. Markets Construction Overview" in which the firm's researchers predict 2014 will end with a 7 percent growth in construction put in place (CPIP). Researchers also expect this growth will continue with a total CPIP of… Keep Reading
