Construction Input Prices Expand for Third Straight Month, Petroleum Prices Soar

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WASHINGTON, D.C. – Construction input prices expanded 0.3 percent on a monthly basis and 4.8 percent on a year-over-year basis in February, according to a recent analysis of U.S. Bureau of Labor Statistics data and released by ABC. This represents the most rapid yearly growth in construction input prices in more than five years. Only four key inputs tracked by BLS experienced monthly price declines, principally natural gas. Natural gas prices declined 18 percent in February, but are still up by more than 66 percent over the past year. Crude petroleum prices are up 107 percent over the past year. … Read more

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Nonresidential Construction Spending Slips

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WASHINGTON, D.C. — Nonresidential construction spending contracted during January, according to analysis of U.S. Census Bureau released by Associated Builders and Contractors. Nonresidential spending fell 1.9 percent from December to $698.4 billion on a seasonally adjusted, annualized basis. This represents the first month total nonresidential construction spending dipped below $700 billion since July 2016. Despite the monthly setback, year-over-year progress remains intact, with nonresidential spending increasing 1.5 percent since January 2016. However, in real terms, that represents virtually nonexistent growth. Private nonresidential spending remained unchanged for the month, while public sector spending plunged 4.7 percent. The greatest loss in spending … Read more

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Dodge Momentum Index Increases in February

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NEW YORK, N.Y. – The Dodge Dodge Momentum Index rose 1.6 percent in February to 144.0 (2000=100) from its revised January reading of 141.7. 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. February’s increase was due to a 4.4 percent jump in institutional planning, while commercial planning slipped slightly, falling 0.3 percent for the month. The momentum index has now increased for five consecutive months; however, the underlying components continue to be volatile on … Read more

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Fiskars Unveils IsoCore Sledge Hammer

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Great for hard-hitting, heavy-duty demolition work, this sledge hammer features Fiskars’ patented IsoCore Shock Control System to reduce shock and vibration by 2 times, and a dual-layer handle captures any lingering vibration. This rugged tool allows operators to take on intense demolition tasks while helping to reduce muscle fatigue and joint pain. Premium steel is forged into a unique head featuring a wedged demolition face to maximize destructive force and an extra-large driving face for improved strike accuracy. An inseparable riveted head will not slide down or snap off, even when swinging with maximum force. A performance handle design fits … Read more

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SKILSAW Introduces New 8-Inch OUTLAW Worm Drive for Metal

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OUTLAW is the newest character in the SKILSAW legend that started nearly a century ago. It’s the saw made for those who rewrite the rules. OUTLAW changes the game because it has the strength and guts to tackle whatever is thrown its way with its Worm Drive gearing customized for metal. Others settle, but this OUTLAW has the edge to see things others never will. The blade window gives operators the visibility to make true cuts. This saw also comes with the largest available chip tray so operators can stay productive. And each pass of the OUTLAW with the Diablo … Read more

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