Industry News
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ABC Protests OSHA’s Final Rule to Improve Workplace Injury and Illness Tracking
ABC stated its objection to the Occupational Safety and Health Administration’s Better Tracking of Workplace Injuries and Illnesses final rule, which will erase the ABC-supported aspects of the 2019...
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Residential Building Workers’ Wage Growth Currently on a Downward Trend
After experiencing significant increases for over a year, average hourly pay for residential construction workers has been rising at a slower pace in May. Salary growth has fallen below...
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NAHB: Remodeling Market Sentiment Declined in the Second Quarter
The National Association of Home Builders (NAHB) announced its NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter, which had a value of 68, a two-point decrease from...
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ABC: June 2023 Construction Backlog Indicator Remained Stable, Contractor Confidence Fell
According to an Associated Builders and Contractor member poll performed from June 20 to July 5, the Construction Backlog Index stayed steady at 8.9 months in June. The reading...
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Carlisle Construction Materials Opens New Manufacturing Facility in Southern Missouri
Carlisle Construction Materials LLC (CCM) has officially launched its newest site in Sikeston, Missouri. Local, regional, and state dignitaries joined executives from the manufacturing company in a ribbon-cutting ceremony...
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NAR: May 2023 Pending Home Sales Shrank by 2.7%
According to the National Association of REALTORS, pending home sales fell 2.7% in May compared to the previous month. Three regions in the United States saw monthly losses, while...
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NAHB: New Home Sales Surge in May 2023
According to recent data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly constructed single-family houses surged by 12.2% to...
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Dodge Construction Network: Total Construction Starts Rebound in May 2023
According to Dodge Construction Network, total building starts increased by 8% in May to a seasonally adjusted annual rate of $1.11 trillion. Nonresidential starts increased by 8% in May,...
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NAHB: Solid Growth in Single-Family Starts Recorded in May 2023
Single-family starts reached an 11-month high in May thanks to a combination of low existing inventory, strong demand, and advancing supply chains. According to a study from the U.S....
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NAHB: June 2023 Builder Confidence Rose to Positive Territory
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) issued today, builder confidence in the market for newly built single-family homes increased five points...
