The U.S. Census Bureau and the Department of Housing and Urban Development have recently announced new residential construction statistics for November 2013. According to the data, building permits for privately-owned housing units in November were at a seasonally adjusted annual rate of 1,007,000, down 3.1…
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Following an October that hit a four-year high in construction spending, the construction sector continued to see progress in November. According to McGraw Hill Construction, the Dodge Momentum Index, which measures the initial report for nonresidential building projects in planning on a monthly basis, had…
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According to the U.S. Census Bureau of the Department of Commerce, total construction spending for October 2013 was estimated at a seasonally adjusted annual rate of $908.4 billion. This rate is up 0.8 percent from the revised September estimate of $901.2 billion and is 5.3…
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The U.S. Census Bureau and the Department of Housing and Urban Development both released new residential construction data for October 2013. According to the report, building permits of privately-owned housing units were at a seasonally adjusted annual rate of 1,034,000 for October 2013, up 6.2…
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According to McGraw Hill Construction, new construction starts for October reached a seasonally adjusted annual rate of $585.6 billion after a 5% increase from the previous month. The October increase came after a huge 13% gain in total construction starts for the month of September. …
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The U.S. District Court for the District of Massachusetts held in September, 2013 that impact damages cannot be recovered in an unjust enrichment claim. See, United States of America f/u/b/o Auburn Door & Hardware, LLC v. Suffolk Const. Co., Inc., Civ. No. 10-11074, 2013 WL…
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The Labor Department’s Bureau of Labor Statistics has recently reported job gains of over 11,000 within the construction industry for the month of October, putting total construction employment at approximately 5,834,000 jobs. Increasing by 185,000 from last year, construction employment is now at its highest…
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According to the U.S. Census Bureau of the Department of Commerce, total construction spending for August 2013 was estimated at a seasonally adjusted annual rate of $915.1 billion, putting construction spending at its highest level in four years. This rate is up 0.6 percent from the…
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The United States District Court of the District of Columbia recently held that a surety was bound by an arbitration provision contained in a subcontract that was incorporated by reference into the performance bond. In Tower Ins. Co. of New York v. Davis/Gilford, CIV.A.…
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According to recent data released by Reed Construction Data, prices for construction materials showed a slight increase for the month of August. Nonresidential construction materials prices spiked 0.5% in August after dropping 0.1% the previous month. This jump in prices was caused mainly by higher…
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