Construction Industry News

Construction Industry News Briefs

NAHB Publication Offers Glimpse into Financial Records of Builders

construction equipment Builders now have a unique opportunity to see how their business stacks up against the competition with a new publication from the National Association of Home Builders (NAHB). NAHB’s publishing arm, BuilderBooks recently released the 2010 edition of the Cost of Doing Business Study, a national study of builders’ business practices and financial performance.

This new resource gives home builders a rare glimpse at other builders’ financial books by providing data about profitability, cost of sales and expenses from hundreds of home builders across the country.

HUD Announces $300 Million in Recovery Act Grants to Create Green Public Housing

DENVER - U.S. Department of Housing and Urban Development Secretary Shaun Donovan announced $300 million in Recovery Act competitive grants today that will allow 36 public housing authorities across the U.S. to utilize green materials and technology to create public housing that conserves energy and encourages more healthy lifestyles.

Donovan announced the Denver Housing Authority would receive $10 million of the Public Housing Capital Funds announced today to continue its redevelopment of South Lincoln Park Homes, a public housing development the housing authority is currently redeveloping into a mixed-use, mixed-income transit oriented community.

New ISO Standard for Fire Safety Design Released

ISO 23932:2009, Fire safety engineering – General principles, provides general principles for a performance-based methodology for engineers to assess the level of fire safety for new or existing built environments.

Fire safety is evaluated through an approach based on risk assessment and on knowledge of the behaviour of fire and of people and the consequences of such behaviour on human safety, property and the environment.

Significant Downturn in Nonresidential Construction Activity Projected through 2010

Feeling the effects of the struggling overall U.S. economy, nonresidential construction spending is expected to decrease by 16 percent in 2009 and drop by another almost 12 percent in 2010 in inflation adjusted terms. Commercial projects will see the most significant decrease in activity. In contrast, most institutional building categories are expected to see much more modest declines over this period. These are highlights from the American Institute of Architects (AIA) semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters.

Steep Decline For Nonresidential Construction Activity Anticipated In 2009

According to forcasts by the American Institute of Architects, nonresidential construction spending when adjusted for inflation, is projected to decline by 11 percent in 2009. Office buildings, hotels, and retail establishments are poised to see the largest declines in spending. Hotels are forcasted to decline (-20.2 percent), retail (-19.2 percent) and office buildings (-17.5 percent) in 2009.
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