Source: McGraw Hill Construction The Dodge Momentum Index rose 2.8% in November compared to the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. November’s increase brought the Momentum Index to 117.9 (2000=100), as it regained upward movement after pausing in October. The latest month was the highest reading for the Momentum Index since March 2009, although the current level is still well below the peak readings back in 2007 (when the Momentum Index averaged 183). The November upturn in plans for new construction may be a sign that October’s uncertainty over the budget and debt ceiling impasse is now easing – at least until those issues are raised again in January and February.
Source: Pilkington Pilkington United Kingdom Limited has resolved a dispute with Uniglass Limited in relation to its UK Registered Design Number 2090474 for Pilkington Texture Glass Contora™ patterned glass.
Markets in 54 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released today. The index’s nationwide score of .86 indicates that, based on current permits, prices and employment data, the nationwide market is running at 86 percent of normal economic and housing activity.
Source: Therma-Tru Raucous Orange. Quixotic Plum. Relic Bronze. These are just some of the bold colors that national color expert Kate Smith predicts will be most popular on residential door exteriors in 2014.
Source: Woodworking Network Combined U.S. and Canadian shipments of particleboard increased 6.5 percent to 290 MMSF (3/4" basis) in October helping to offset a 9.4 percent drop to 177 MMSF (3/4" basis) in MDF shipments compared to October 2012.
Source: Furniture Today By Jay McIntosh U.S. furniture factory orders in September were up 4% from the same month a year earlier, the sixth month in a row of gains, Smith Leonard reported.
Sales of newly built, single-family homes rose 25.4 percent to a seasonally adjusted annual rate of 444,000 units in October, according to data released today by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
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