US Construction Spending Hits 10-year High in November

U.S. construction spending rose more than expected in November, reaching its highest level in 10-1/2 years, which could provide a lift to fourth-quarter economic growth.

The Commerce Department said on Tuesday that construction spending increased 0.9 percent to $1.18 trillion, the highest level since April 2006. It was boosted by gains in both private and public sector investment

Construction spending in October was revised up to show a 0.6 percent rise instead of the previously reported 0.5 percent increase. Construction spending was up 4.1 percent from a year ago in November.


Construction Firms Aim For Solid Results in 2017

Key Takeaways:
• Companies changed strategies, but not all of them worked out
• Donald Trump’s election brought a big bounce to stocks of some of the larger architecture, engineering and construction (AEC) firms
• Workforce issues continue to drive decision making process

Industry consolidation continued in 2016 at a steady but slower pace—with global economic and political trends pushing caution and no blockbuster linkages like those two years earlier.

“We’re looking at the first year-over-year decline in industry [merger and acquisition] activity in three years,” said design-sector management consultant Morrissey-Goodale. “A combination of factors including uncertainty around the presidential election and mixed messages on the economy conspired to make this latest 12 months of industry consolidation the slowest since 2013.”

But the still strong need for the right skills at the right time to execute both projects and corporate growth pushed many companies toward the expediency of “buying” critical talent.

[Read More]

Wacker VP1340A Vibratory Soil Plate Review

The compact design of the Wacker VP1340A allows for compaction in narrow spaces. This product travels at high speeds and maneuvers easily. The ergonomic design includes lifting handles for easy loading and transporting. Ideal for curbs, gutters, around tanks, forms, columns, footings, guard railings, drainage ditches, gas and sewer works and building construction.

Other Key Features:
• Special contoured running surfaces and rounded edges provide maximum performance and maneuverability.
• Completely enclosed belt protected by a lightweight belt guard for reduced wear and minimal service.
• Newly designed “low-vibration” guide handle greatly improves operator comfort and minimizes operator fatigue.
• Heavy-duty shock mounts on engine console dampen vibrations thereby reducing wear on the components.
• Exciter bearing design requires minimal maintenance for improved productivity.
• Single direction plate compactor gas powered
• Ergonomically designed lifting handles offer easier loading and unloading for operator during transport.
• Improved water tank design with larger capacity and filler hole provide higher productivity.

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Twenty Nine States Add Construction Jobs Last Month

More good news from the construction/contracting industries. A recent report from the Associated General Contractors of America analysis of Labor Department data found that 29 states and Washington, DC, added construction jobs in November.

Key takeaways:

• California generated the highest number of construction positions
• Arizona lost the most positions
• New York lost the most jobs year over year
• Kansas gave up the highest percentage of jobs

Read more details here.

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Diamond Saw Blades Market Analysis: 2016

The Market Research Store recently published a detailed report about the health of the diamond blades market, which includes data pertaining to industry Size, insights, and potential market demand going all the way to the year 2022.

The scope of the report includes the North American market and includes manufacturing companies such as Freud, NORTON, Diamond Vantage, Fengtai Tools, Bosun and Huanghe Whirlwind, JR Diamond Tools — just to name a few.

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Blades Direct Review: Company Announces Black Friday and Cyber Monday Specials

Blades Direct, LLC, a leading online distributor of diamond blades and other tools for the construction and contracting industries, is pleased to announce its largest Black Friday and Cyber Monday specials to-date.

These promotions, which are currently running from now until 11:59 pm on Monday night, include items such as a brand new 70 inch flat screen television and free gas saw with qualifying purchases.

“Due to company growth, we are celebrating our biggest Black Friday and Cyber Monday we’ve ever had,” says Eric Gervais, co-founder of Blades Direct, LLC.

“These promotional items will make great gifts just in time for the holidays, all while customers can stock up on some of the finest diamond blades available on the market.”

One of those blades includes Blades Direct’s latest exclusive product, The Shocker, a state-of-the-art diamond blade that implements Shoxx® Technology. In a few short months, The Shocker blade has already become a top-rated diamond blade at Blades Direct.

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Unemployment Claims Remain Near 43-year low

The number of people seeking U.S. unemployment benefits fell to the lowest level since 1973 last week, evidence that businesses are confident enough in the economy to hold onto their workers.

Weekly applications for jobless benefits fell 19,000 to a seasonally adjusted 235,000, the Labor Department said Thursday. The four-week average, a less volatile measure, dropped to 253,500.

Applications for jobless benefits staying close to a four-decade low provides strong evidence that the job market remains resilient despite the fact that economic growth has been anemic so far this year.

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VIDEO: Cutting Tile With A Circular Saw and Diamond Blade

From the YT uploader: I realized using ad circular saw and diamond blade was the fastest, cheapest way to cut the tile, concrete and the wired mesh under the concrete. The best thing was I found a water leak from rain coming into the bathroom I would never have noticed if I didn’t cut the concrete out. Cutting pieces into squares made it a clean job.

Donald Trump’s Plans Fire Up Construction Stocks

President-elect Donald Trump’s election-night focus on boosting spending on domestic infrastructure drove a rally in construction-related stocks Wednesday, despite uncertainty over the incoming administration’s specific funding plans and priorities.

Infrastructure financiers said funding was less of a challenge than breaking the regulatory logjam that has bogged down big projects, such as a planned new rail tunnels under the Hudson River or new crossings of the Ohio River between Kentucky and Indiana.

Mr. Trump had pledged on the campaign trail to spend $1 trillion over 10 years on a variety of infrastructure projects if elected, and analysts said this could ease the passage next year of a spending bill already being considered by Congress.


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