Government, Business

Infrastructure Spending Promises Boost for Construction Industry

A concrete pump frames the Capitol Dome during renovations and repairs A concrete pump frames the Capitol Dome in Washington during renovations and repairs. (J. Scott Applewhite/Associated Press)

Plans to pump money into rebuilding the nation’s roads, bridges and other infrastructure could give companies with ties to the construction industry a solid foundation for growth.

Damian J. Troise | Associated Press
June 25, 2021
Government, Business

Construction Spending Up 1% in December, Led by Housing

New homes under construction in a development in Littleton, Colo. (David Zalubowski/Associated Press) New homes under construction in Littleton, Colo. (David Zalubowski/Associated Press)

WASHINGTON — U.S. construction spending rose a moderate 1% in December as the number of new homes offset a sustained weakness in nonresidential construction.

Martin Crutsinger | Associated Press
February 1, 2021
Business, Equipment, Logistics

Home Depot Reunites With HD Supply in Deal Catering to Pros

A Home Depot store is shown in Colma, Calif., on Jan. 16. A Home Depot store is seen in Colma, Calif., on Jan. 16. (Jeff Chiu/Associated Press)

Home Depot Inc. agreed to buy building products distributor HD Supply Holdings Inc., reuniting the home-improvement retailer with its former subsidiary more than a decade after they split apart.

Richard Clough | Bloomberg News
November 16, 2020
Government, Business, Equipment

Home Construction Jumps 17.3% in June

Construction workers build a new home in Houston on June 23. Construction workers build a new home in Houston on June 23. (David J. Phillip/Associated Press)

Construction of U.S. homes jumped 17.3% in June as some states reopened, but the pace still lags last year after this spring’s massive slowdown in building activity due to the coronavirus outbreak.

Matt Ott | Associated Press
July 17, 2020
Government, Business, Equipment

Disappointing Home Construction Starts Belie Firmer Market

A worker stands at a housing construction site in New York on May 15. A worker stands at a housing construction site in New York on May 15. (Angus Mordant/Bloomberg News)

U.S. home construction starts rose less than forecast in May, indicating builders were slow to resume work and contrasting more recent data that points to a pickup in housing demand.

Reade Pickert | Bloomberg News
June 17, 2020
Government, Business

Manufacturing Falls in April as Virus Ravages Economy

Ford assembly line Machines work on an assembly line at Ford's Chicago Assembly Plant in 2019. (Amr Alfiky/AP)

WASHINGTON — U.S. manufacturing retreated again in April, a victim of economic fallout from the coronavirus outbreak.

May 1, 2020
Government, Business

US Construction Spending Up 1.8% in January to Record Level

Construction workers Construction workers in Boston's Seaport district in November. (Steven Senne/Associated Press)

WASHINGTON — Spending on U.S. construction projects rose to an all-time high in January, helped by strong gains for home construction and government building projects.

Martin Crutsinger | Associated Press
March 2, 2020
Government, Business, Safety, Logistics

Maine Awarded $61 Million for Bridge Work

Rusted bridge Chuck Coker/Flickr

Maine has been awarded $61 million in federal grants to help replace eight aging highway bridges over the next five years. The two federal grants will help fund construction of bridges on Interstate 295, in Franklin County and Madawaska.

Peter McGuire | Portland (Maine) Press Herald
September 5, 2019
Business, Logistics, TCA

Port of Indiana-Burns Harbor to Invest $20 Million

Port of Indiana Ports of Indiana

The Port of Indiana-Burns Harbor plans to invest nearly $20 million over the next four years in a major expansion that will boost its cargo handling capacity.

Joseph S. Pete | The Times (Munster, Ind.)
August 30, 2019
Government, Business

Trade War Hits Housing as Building in US Factory Areas Slows

Housing starts Ty Wright/Bloomberg News

Homebuilders are pulling back from U.S. manufacturing areas as shots fired in President Donald Trump’s trade war begin to ricochet across the economic landscape.

Prashant Gopal | Bloomberg News
August 28, 2019