Construction Spending Rose 0.6% In August

Maoists burn road construction vehicles in Odisha

theyre gone, Lechliter said. But the judge noted that any money spent on the road could be recovered in damages later. He also pointed out that could conceivably rule in Lechliters favor in the broader lawsuit and order that the wind turbine, which began operating in 2010, be taken down, meaning there would be no problem with the road. At this stage, I cant order the state to stop construction of a road, just because, in your view, theyre doing it illegally, Glasscock told Lechliter. The judge also agreed with attorneys for the Department of Natural Resources and the university that halting projects funded with tax dollars simply because someone objects to them would lead to a nonstop flood of litigation.

Geese of the Landi GmbH poultry farm are driven to their barn on October 21, 2013 in Veckenstedt, central Germany. The company brings up around 8,000 geese per year. Roast goose is a traditional dinner in Germany at Christmas and Martinmas.     AFP PHOTO / DPA / MATTHIAS BEIN / GERMANY OUTMATTHIAS BEIN/AFP/Getty Images

About 30 armed Maoists, including women, raided the site of a contractor, undertaking road construction from Titijhola to Jugsaipatna under PMGSY, and took the staff out of the camp before setting afire two JCBs, two tractors and a motorbike last Sunday. The contractor was not present at the time of incident in the camp located in an inaccessible area, police said. The Maoists then ordered the villagers to resist road construction work on the plea that it would facilitate bauxite mining from Khandualgiri and thereby take away their right over the forest. The rebels also claimed that the labourers engaged for road construction were paid low wages. After being informed about the incident, a police team reached the spot yesterday and recovered posters purportedly left by the Maoists at Minagpadar and Jugsaipatna.

Southern California home prices fall slightly in September

More business news Total construction rose to a seasonally adjusted annual rate of $916.1 billion, the fastest pace since April 2009. The strength in construction should help the overall economy, which has been struggling this year with the adverse effects of government tax increases and spending reductions. The August gain reflected a solid rise in housing activity, which was up 1.2 percent. The housing increase included a 1.6 percent rise in single-family construction and a 3.2 percent increase in the smaller apartment sector. Non-residential construction rose a slight 0.1 percent in August after a much stronger 3.7 percent July advance. In August, there were solid gains in office building and motel and hotel construction but the category that includes shopping centers fell.

Sector Snap: Construction data boosts homebuilders

(Paul J. Richards/AFP/Getty Images / August 7, 2013) Also By Ricardo Lopez October 22, 2013, 8:34 a.m. Construction spending in August rose to the highest level in more than four years, growing 0.6% over July, the Commerce Department reported Tuesday. Led by private residential building, construction spending rose toa seasonally adjusted annual rate of $915 billion, growing 7.1% over the previous August, the Commerce Department reported Tuesday. The growth in the construction industry is no surprise given the strength of the housing recovery over the last year. Photos: California’s top livable cities Tuesday’s report showed that the bulk of spending was in private construction, which rose 0.7% in August, reaching an annual rate of $640.5 billion. Public construction, by comparison, rose 0.4% and reached an annual rate of $274.5 billion.

US construction spending increases 0.6 percent in August to highest level in more than 4 years

“While it’s certainly good news that construction–and especially house building–is finally on the rise right across the U.K., we are certainly not out of the woods yet,” said Simon Rubinsohn, RICS’s chief economist. “Critically, we’re still way behind in terms of building enough homes to meet the nation’s growing housing need and overall construction projects are at a historical low.” The increase in construction activity, a key sector of the economy, should help ensure economic growth continues to gather pace in the second half of the year. The preliminary estimate of U.K. gross domestic product is due Thursday with economists forecasting a 0.8% quarterly gain, up from a 0.7% rise in the second quarter. The RICS survey noted, however, that while the construction sector is gaining momentum a skills shortage is developing, with bricklayers in particular in short supply. Write to Ilona Billington at (END) Dow Jones Newswires 10-21-131915ET Copyright (c) 2013 Dow Jones & Company, Inc. This article appears in: Interactive Charts Default Setting Please note that once you make your selection, it will apply to all future visits to

UK Construction Sector Activity Strongest in Nine Years – Survey

Quotes are delayed at least 15 minutes. All information provided “as is” for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo!


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s