November 2009 News

Construction on Virginia coal-fired power plant passes halfway point

$1.8 billion project currently employs 1,300 workers.

Work begins on bridge linking Illinois, Iowa

New lift-span bridge budgeted at $55 million.

New Home Sales Climb 6 Percent in October

Average price: $261,000.

Senate Approves Military Construction in Arkansas

The U.S. Senate has approved $412 million for construction projects at the Little Rock Air Force Base and Pine Bluff Arsenal.

Hints of construction recovery as architects get more contracts

Leading indicator of construction activity indicates recovery is underway.

EPA Targets Construction-Site Pollution

Rules wil be phased in over four years; projected cost: $950 million.

ProBuild opens Nashville location

ProBuild Holdings, the nation’s largest supplier of building materials to professional contractors, announced today the opening of its newest component facility in Nashville, Tenn.

Council Tool Products go live on DIY Network

Council Tool is filmed for two new segments on the DIY Network to be aired Thanksgiving weekend.

GDP rises 2.8 Percent in Q3

Personal consumption rises 2.9 percent; corporate profits up sharply

Existing-Home Sales Surge 10.1 percent in October

Sales activity is at the highest pace since February 2007.

MAPI: Modest recovery to begin

Long-awaited growth is finally poised to return to the U.S. economy, albeit at a far more modest rate than the typical recovery from previous recessions, according to a new report.

Most States See Rising Home Resales in Third Quarter

National existing home sales climb 11.4 percent in Q3.

Senate Approves $133.9 Billion Veterans, Military Construction Bill

The Senate Tuesday unanimously approved a $133.9 billion measure providing for military construction and veterans' benefits.

Report: New Residential Construction Slides in October 2009

Permits fall 4 percent from September; starts slide 10.6 percent from prior month.

STAFDA 2009 Convention & Trade Show Figures Released

Bellwether trade show pulls strong attendance — bodes well for market in 2010.

Activant Sets Distributor/User Summit for March 10-13, 2010

More than 1,400 distributors are expected at three-day event in Washington, DC.

Sarah Palin to Keynote STAFDA 2010 Convention

2008 Republican vice presidential candidate will headline STAFDA 2010 Convention General Session, November 8, 2010 in Phoenix.

Construction backlog grows in September

The number of construction projects under way nationwide showed a slight uptick in September, according to data collected by Associated Builders and Contractors.

Global construction seen up 70 percent by 2020-report

Global market estimated to be worth $12.7 trillion by 2020.

Stimulus Supports 10,000 Transport Projects

6,547 transportation projects have already gotten under way.

Survey: more layoffs coming in road construction

Forty-four percent of contractors anticipate more lay offs.

Pres-On Names MEH Sales Ltd. as Manufacturing Representative in Eastern Canada

Brian Hall of MEH will serve Ontario, Quebec and the Maritimes.

Chemique Adhesives, Inc. Extends Promotional Offer to Help Builders

Offer is extended to March 31, 2010.

Jason Butchko Appointed General Manager of Networks Division of IDEAL Industries

Will lead network and electrical testing business units.

U.S. Tape Company, Inc. Acquires DuraWheel

Industry leader in measuring wheels joins U.S. Tape portfolio.

ProBuild CEO at NBMDA Speaks on Market Trends

Key construction market trends analyzed: home starts, foreclosures, commercial construction.

Stanley, Black & Decker Merger Well-Planned

John Lundgren, Stanley Works CEO, will helm new Stanley Black & Decker.

IDEAL Appoints Manager to Develop Chinese Market

Christopher Wang named Country Manager for China.

States See Surging Sales, Moderating Home Prices

Most states continued to experience rising existing-home sales in the third quarter, with prices moderating in many metro areas.

Home Builders Get Tax Relief From Losses

A lesser-known part of the law that extended the home buyer tax credit gives builders a big tax break.

IBC Grows Executive Team

Deborah Forgione joins trade group as controller.

Senate votes to renew tax credit for first-time home buyers

Program would also enable existing homeowners who buy a new primary residence to receive a $6,500 refund.

Private equity firms buy Stock Building Supply locations

Markets include Wisconsin, central New York and Connecticut.

The Stanley Works and The Black & Decker Corporation have entered into a definitive merger agreement to create Stanley Black & Decker, an $8.4 billion global industrial leader in an all-stock transaction valued at approximately $4.5 billion.

JCB Encore Program Brings New Life to Used Equipment

Rapidly expanding program soon to cover refurbishment of all types of JCB machines.

Pending Home Sales Continue to Rise

Pending home sales rose again in September, marking eight consecutive monthly gains.

Bartell Morrison Inc. Acquires Independent Diamond Products LLC

Forms Bartell Morrison (USA) LLC.

MIT Index Says Commercial Prices On the Rise

Multiple-investor commercial real estate prices climb 4.4 percent in Q3.

Papé Material Handling Names Randy Hall Regional Rental Sales Manager For California

Will oversee rental sales and operations in Central and Northern California and Reno, Nevada.

Cologne Announces Show-within-a-Show for Power Tools

To run during the International Hardware Fair Cologne, February 28 March 3, 2010.

Just Out: Manufacturer Shipments, Inventories and Orders for September 2009

New orders climb 0.9 percent for month; shipments climb 0.8 percent.

Construction Courses and Building Code Resources Online

Newly available online courses and tools meet construction and green building needs.

RMAX Appoints Peter Kesser Senior VP of Operations

Joins leading roof and wall insulation products manufacturer.

September 2009 Construction at $940.3 Billion Annual Rate

Residential construction beats estimate by 3.9 percent: nonresidential misses by 1.8 percent.

Homebuyer Tax Credit Extension May Be Approved This Week

Congress could approve extensions of an $8,000 first-time homebuyers’ tax credit as soon as Nov. 3.

Congress Votes to Extend FHA and GSE Loan Limits through 2010

Limits were set to expire December 31, 2009.