Gains in Construction Input Prices Unlikely in Coming Months

The first two months of 2019 proved kind to the construction industry, where input prices increased monthly and annually. However, if the predictions of Associated Builders and Contractors (ABC) Chief Economist Anirban Basu are true, the sector will experience different results in the coming months. Construction input prices have dwindled over the ...
Continue reading
0
  164 Hits
  0 Comments
Tags:
nacmblog
Tweet
164 Hits
0 Comments

Public Construction Spending Up, Private Spending Down

According to the Commerce Department, construction spending rose by 1.3%, the largest increase since last April. Following December 2018's 0.8% drop, most of the spending comes from companies investing in public projects. Looking at spending on a year-over-year basis, there was a 0.3% increase. With much of the spending in public projects, investme...
Continue reading
0
  303 Hits
  0 Comments
Tags:
nacmblog
Tweet
303 Hits
0 Comments

Ongoing Accounting, Auditing Scandals Bring Forth New UK Regulator

Accounting scandals are becoming a real problem in the United Kingdom, and its government is looking to do something about it. The country's Financial Reporting Council's (FRC) inability to properly regulate accounting and audit firms has led to the creation of the Audit, Reporting and Governance Authority (ARGA), according to The Wall Street Journ...
Continue reading
0
  1250 Hits
  0 Comments
Tags:
nacmblog
Tweet
1250 Hits
0 Comments

Imports Fall to Annual Lows Amid Uncertain Market

The combination of a hold on the Chinese and U.S. tariff deals and a slower season for business led U.S. imports to the lowest numbers seen since about a year ago, according to the National Retail Federation (NRF) and Hackett Associates. In January, just under two million TEUs came through U.S. ports, which is down nearly 4% from December 2018, and...
Continue reading
0
  1200 Hits
  0 Comments
Tags:
nacmblog
Tweet
1200 Hits
0 Comments

Builders Gain Hope After Housing Starts Rebound in January

Housing starts rebounded significantly in January by nearly 19%—welcome news to builders following the 12% decline at the end of 2018. According to the U.S. Housing and Urban Development and Commerce Department, builders would begin more than 1.2 million housing units in the next year if they maintained this soaring percentage. Single-family housin...
Continue reading
0
  168 Hits
  0 Comments
Tags:
nacmblog
Tweet
168 Hits
0 Comments

UK Firms Hit With Fraud

British business owners have more than just Brexit to worry about. According to research from Santander Business, half of business owners and senior managers are vulnerable to invoice fraud, states LondonlovesBusiness. "By not checking invoice details carefully before making an online payment, small businesses are leaving themselves dangerously exp...
Continue reading
0
  1584 Hits
  0 Comments
Tags:
nacmblog
Tweet
1584 Hits
0 Comments

Residential Construction Spending Slips in 2018

Construction spending in December 2018 saw a nearly 1% dip compared to the previous month, according to a recent release from Wells Fargo. With this drop, spending in construction for all of 2018 saw its slowest growth since 2011, growing by just over 4%. The release said this slowdown comes from "sluggish new homebuilding activity," which impacted...
Continue reading
0
  280 Hits
  0 Comments
Tags:
nacmblog
Tweet
280 Hits
0 Comments

New Single-Family Home Sales Hit Stride in December

New single-family home sales ended 2018 with an unforeseen upswing, showing a 1.5% gain year-over-year (YOY) after November's dwindling findings. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau released its December data on March 5 due to the government shutdown earlier this year. In a report, National Association of...
Continue reading
0
  248 Hits
  0 Comments
Tags:
nacmblog
Tweet
248 Hits
0 Comments

Texas Bills Introduced Could Affect Lien Law

There are several new bills floating around in the Texas Legislature that, if signed into law, will affect lien law in the state. Senate Bill 845 was referred to the Committee on Business and Commerce Friday, March 1 after its first reading. Its corresponding legislation, House Bill 1918, was introduced in the middle of February. Both relate to the...
Continue reading
0
  269 Hits
  0 Comments
Tags:
nacmblog
Tweet
269 Hits
0 Comments

US Farmers Struggle to Pay Off Debt

American farmers are stretching to make payments as debt levels have reached $409 billion in 2019—$24 billion higher than the prior year. According to U.S. Agriculture Secretary Sonny Perdue, Reuters reported, "commodity prices, storms damaging crops and loss of key export markets" are behind the rising debt. Similar debt levels were last seen abou...
Continue reading
0
  292 Hits
  0 Comments
Tags:
nacmblog
Tweet
292 Hits
0 Comments

Delaying Payments Becomes Riskier for Large Firms in India

​ Delayed payment penalties against large firms are tightening in India, where the Ministry of Corporate Affairs (MCA) announced the possibility of imprisonment if small suppliers are paid after 45 days. According to the Knowledge & News Network (KNN), the penalties correspond with legislation to ensure smaller suppliers get paid in a timely ma...
Continue reading
0
  264 Hits
  0 Comments
Tags:
nacmblog
Tweet
264 Hits
0 Comments

Housing Starts Saw Stark Drop in December 2018

During the month of December in 2018, housing starts fell by nearly 12% compared to last month, according to The NAHB/Wells Fargo Homebuilders' Survey. Both single- and multi-family homes saw a drop during the year end. The plunge likely came from fears around the Federal Reserve continuing to hike short-term interest rates, which they said will co...
Continue reading
0
  235 Hits
  0 Comments
Tags:
nacmblog
Tweet
235 Hits
0 Comments

Existing Home Sales Decline Again

Existing home sales are off to a slow start for 2019. Sales dropped for the third-straight month in January, according to the National Association of Realtors (NAR). January's decline of 1.2% put the seasonally adjusted annual rate at 4.94 million, the lowest since November 2015, said NAR Chief Economist Lawrence Yun. "Existing home sales in Januar...
Continue reading
0
  272 Hits
  0 Comments
Tags:
nacmblog
Tweet
272 Hits
0 Comments

Business Spending on Equipment Drops in December

Businesses spent significantly less on equipment in December 2018, fueling economists' beliefs that economic growth is in trouble. According to a Reuters report on Feb. 21, data from the Commerce Department shows a 0.7% decline in non-defense capital goods spending—as opposed to economists' predictions of a 0.2% gain—while the shipment of said good...
Continue reading
0
  266 Hits
  0 Comments
Tags:
nacmblog
Tweet
266 Hits
0 Comments

Honda Joins Nissan, Dyson in Moving UK Operations

Honda announced Feb. 20 it will be moving its operations located in the U.K. to Japan at the end of its production cycle, which is due to close in 2021. Honda now joins Nissan and Dyson, who have also decided to move operations outside of the U.K. Honda did not immediately blame Brexit for its decision to move to Japan, but did say in a statement, ...
Continue reading
0
  281 Hits
  0 Comments
Tags:
nacmblog
Tweet
281 Hits
0 Comments

Economists Urge Political Action to Address Housing Affordability

U.S. housing affordability maintained its decade-long low in the fourth quarter of 2018, prompting economists to question the lack of political efforts to redirect home pricing. On Feb. 14, the National Association of Home Builders (NAHB) and Wells Fargo released its joint Housing Opportunity Index (HOI) that found a slight uptick in new and existi...
Continue reading
0
  165 Hits
  0 Comments
Tags:
nacmblog
Tweet
165 Hits
0 Comments

Amazon Will Not Open Second Headquarters in New York City

After protests and political opposition, Amazon decided to not open a second headquarters in New York City Feb. 14. The company said it does not have plans to begin a search for another headquarters location and will instead continue with plans to open headquarters in Arlington County, Virginia, and Nashville, Tennessee, according to Supply Chain D...
Continue reading
0
  348 Hits
  0 Comments
Tags:
nacmblog
Tweet
348 Hits
0 Comments

Eurozone Industrial Production Takes a Hit in December

Industrial production fell hard in the eurozone in December, raising larger concerns about the 19 nations' effect on global economic growth. According to Reuters, industrial output declined almost 1% month-over-month (MoM), half a percent more than economists predicted. Dwindling production of capital goods was the driving force behind this decline...
Continue reading
0
  320 Hits
  0 Comments
Tags:
nacmblog
Tweet
320 Hits
0 Comments

Dodge Index Rebounds in January

The Dodge Momentum Index rebounded slightly in January to a reading of 157.7 after a step back in December. The index released by Dodge Data & Analytics measures the initial report of nonresidential building in planning and has been an indicator of nonresidential spending within a full year. January's index increased 4.7% following December's d...
Continue reading
0
  283 Hits
  0 Comments
Tags:
nacmblog
Tweet
283 Hits
0 Comments

BB&T, SunTrust Merger to Ignite Technology Investment

Banking executives are expecting new clientele and technology investment to flourish in the industry over the coming year after BB&T Corp. and SunTrust Banks Inc. announced plans on Feb. 7 for a $28 billion merger. Bloomberg reports the merger will create "the sixth-biggest commercial bank in the U.S. by assets." In a joint statement, the banks...
Continue reading
0
  317 Hits
  0 Comments
Tags:
nacmblog
Tweet
317 Hits
0 Comments
1 2 3 4 5 6 7 8 9 10