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Friday, November 30, 2012

Construction Spending Report

Construction spending rose 0.6 percent in September and is now
up 7.8 percent compared to a year earlier. The housing market
recovery has been a significant driver of recent gains. Residential
construction, which has historically accounted for about 45 percent
of total construction outlays, is up 19.2 percent on a year-over-year
basis after posting gains for six consecutive months. Nonresidential
spending, however, has deteriorated in recent months under
weaker petroleum and office construction and has slowed to a
2.6 percent year-over-year pace.

We look for construction spending to have increased 0.4 percent in
October. Housing starts increased 3.6 percent during the month
and are up 42 percent over the past year. In addition, the October
employment report showed the largest increase in construction
employment since January, intimating another modest increase in
construction activity for the month.

Wednesday, November 14, 2012

Certified Steel Stud Association (CSSA) Formed


A newly founded organization called the Certified Steel Stud Association (CSSA) takes a low-cost and simple approach to code compliance certification. CSSA is working with the ICC Evaluation Service (ICC-ES) to set up requirements by which its members can obtain product certification from ICC-ES. As you probably know, ICC-ES is responsible for evaluating building products for building code compliance. Code Officials, Building Inspectors, Architects, Distributors and Contractors alike all know and recognize the ICC-ES name.

The sole purpose of CSSA is to enroll distributor-friendly manufacturer members into the certification program created and managed by ICC-ES; a subsidiary of the International Code Council (ICC), which develops the International Building Code (IBC). ICC-ES is an ANSI accredited listing agency fully complying with section 1703 of the IBC. ICC-ES President Shahin Moinian said, "ICC-ES is pleased to be the certification agency of choice by CSSA. It is our belief that this cooperation is beneficial to the industry."

CSSA is pleased to announce three new members:
  • Marino\WARE®, with four manufacturing locations, and based in South Plainfield, NJ
  • CEMCO®, with four manufacturing locations, and based in City of Industry, CA
  • Telling Industries®, with three manufacturing locations, and based in Cambridge, OH 
For more information on CSSA's purpose and cost of membership, please go to the website at www.certifiedsteelstud.com

Friday, November 2, 2012

Consumer Confidence Rises

Consumer confidence rose 3.8 points in October to 72.2, which marks the highest level in more than four years. Most of the improvement came in the present situation series, which has been lagging in this recovery.

Single Family Posts Gains

Total construction spending rose 0.6 percent in September to
an $851.6 billion annual pace and is up 7.8 percent on a yearago
basis. Residential outlays continue to be a bright spot, with
single-family now up 25.7, year over year. Single family outlays
increased for the sixth consecutive month and mirror modest
housing market improvement and improving builder
sentiment. Multifamily and home improvement also increased.