December 5, 2023
by Calculated Risk on 12/01/2023 10:17:00 AM From the Census Bureau reported that overall construction spending increased: Construction spending during October 2023 was estimated at a seasonally adjusted annual rate of $2,027.1 billion, 0.6 percent above the revised September estimate of $2,014.7 billion. The October figure is 10.7 percent above the October 2022 estimate of
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TRADE and Industry Secretary Alfredo Pascual underscored the construction industry’s significant contribution to the country’s economic growth. In a statement on Thursday, Pascual said that the construction industry is still one of the drivers of the country’s gross domestic product, with a 14-percent growth rate during the third quarter of the year. “Notably, achieving a
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by Calculated Risk on 11/30/2023 08:34:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 10:00 AM ET, ISM Manufacturing Index for November. The consensus is for 47.7%, up from 46.7%. • Also at 10:00 AM, Construction Spending for October. The consensus is for 0.4% increase in spending. •
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The Slovak government signed a memorandum of understanding on Thursday with Chinese electric vehicle battery maker Gotion High-Tech and its local partner, InoBat, to build a car battery plant in Slovakia. SLOVAK PM LOOKS TO CURB MIGRATION BY DEPLOYING FORCES TO HUNGARIAN BORDER The two companies formed Gotion InoBat Batteries, a Chinese-Slovak venture to build
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by Calculated Risk on 11/17/2023 09:19:00 AM Today, in the CalculatedRisk Real Estate Newsletter: October Housing Starts: Near Record Number of Multi-Family Housing Units Under Construction Excerpt: The third graph shows the month-to-month comparison for total starts between 2022 (blue) and 2023 (red). Total starts were down 4.2% in October compared to October 2022. And
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Barcelona’s iconic Sagrada Familia basilica celebrates a significant milestone with a dazzling light show marking the completion of the newest towers and a step closer to completion 141 years after construction started. ADVERTISEMENT For the residents of Barcelona, witnessing the additions to the Sagrada Familia has become a deeply emotional experience. Monica Torne, an English
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BOTH traditional and modern construction methods are vital for the progress of the local construction industry, the Construction Industry Authority of the Philippines (CIAP) said. CIAP said on Friday it recognizes that technologies such as the three-dimensional (3D) printing and computer software can result in “faster, more accurate and lower cost” of construction projects. “With
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LivSYT, a construction management software provider, on Tuesday said it has raised $2.5 million in a seed round of funding from Silicon Valley Quad and Inventus Capital. The fresh capital infusion, which pushes the overall sum raised to $4.5 million, will help LivSYT expand into the US market and explore new artificial intelligence and machine
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China‘s political leaders, under pressure to support the country’s fragile recovery, are slowly steering the economy on a new course. No longer able to rely on real estate and local debt to drive growth, they are instead investing more heavily in manufacturing and increasing borrowing by the central government. For the first time since 2005,
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By Wolf Richter, editor of Wolf Street. Originally published at Wolf Street. This is amazing, and I’m not sure how long it will last, but spending on construction projects for manufacturing facilities in the US continues to spike in a historic manner. In September, $17.5 billion, up by about 150% from the stagnation range before
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