Construction spending hits $1.811 trillion in September, driven by big boosts in annual manufacturing, lodging & commercial activity, transportation investments lag as regulations bog down infrastructure
Total construction spending increased by 0.2 percent for the month of September and by 10.9 percent for the year, as nonresidential construction activity now outpaces residential construction, according to an analysis the Associated General Contractors of America released on Nov. 1 of federal spending data. Association officials noted that gains in public sector transportation construction have lagged other fast-growing segments as officials grapple with Buy America and other new regulatory requirements.
Owens Corning PINK Next Gen Fiberglas Insulation was selected as a winner in Good Housekeeping’s 2022 Home Reno Awards in the Biggest Energy Savers category. PINK Next Gen Fiberglas Insulation features Owen Corning’s advanced fiber technology to offer enhanced comfort, with superior performance and safe, proven ingredients.
RESNET is pleased to announce its recent collaboration with Passive House Institute US to promote the construction of sustainable and affordable homes.
Nexii announced its latest project: a series of new, sustainable service plazas along the New York Thruway. Nexii has so far completed 10 buildings, with 13 more to come as part of this ongoing infrastructure improvement.
On Oct. 29, NABTU awarded Alise Martiny the first-ever TWBN Lifetime Achievement Award. Martiny is the business manager and executive secretary of the Greater Kansas City Building Trades.
The American Concrete Institute announced the availability of a new series of webinars, the ACI Building Officials Webinar Series, beginning this month. The webinar series will focus on highlighted topics specifically for building officials that have been approved for professional development hours from the International Code Council.
On Oct. 27, the Equipment Leasing & Finance Foundation released the Q4 update to its 2022 Equipment Leasing & Finance U.S. Economic Outlook, forecasting 5.9 percent growth in equipment and software investment and 1.8 percent growth in GDP this year.