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TRADEWINDS

--------------------------------------------------------------------------------


HEALTHY GROWTH IN BUILDING CONSTRUCTION OFFSETS INFRASTRUCTURE WEAKNESS

Posted: May 27, 2022 | Tradewinds

Total construction starts rose 3% in April to a seasonally adjusted annual rate
of $945.8 billion, according to Dodge Construction Network. Nonresidential
building starts rose 6% and residential starts increased by 4%, while
nonbuilding starts fell 4%

[Read More]

--------------------------------------------------------------------------------




ABC TO BIDEN ADMINISTRATION: WITHDRAW THE DOL’S DAVIS-BACON PROPOSED RULE

Posted: May 27, 2022 | Tradewinds, Cost Trends

In a comment letter filed on May 17, Associated Builders and Contractors urged
President Biden’s U.S. Department of Labor to withdraw an inflationary and
flawed proposed rule revising Davis-Bacon Act and Related Acts regulations that
apply to federal and federally assisted construction projects funded by
taxpayers.

[Read More]

--------------------------------------------------------------------------------




NEW HOME SALES DOWN ON RISING INTEREST RATES, DECLINING AFFORDABILITY

Posted: May 27, 2022 | Tradewinds

In a further sign of a housing slowdown, new home sales posted a double-digit
percentage decline in April, falling to their weakest pace in two years, as
rising mortgage interest rates and worsening affordability conditions continue
to take a toll on the housing market.

[Read More]

--------------------------------------------------------------------------------




HALL JOINS VITRO ARCHITECTURAL GLASS AS NATIONAL ARCHITECTURAL MANAGER

Posted: May 27, 2022 | Tradewinds

Vitro Architectural Glass announced that Trevor Hall has been appointed national
architectural manager for southern California, Las Vegas, Arizona, New Mexico
and Hawaii.

[Read More]

--------------------------------------------------------------------------------




CONSTRUCTION EMPLOYMENT EXCEEDS PRE-PANDEMIC PEAK IN 32 STATES IN APRIL, BUT
RECORD HIGH JOB OPENINGS THREATEN FURTHER JOB GAINS

Posted: May 27, 2022 | Tradewinds

Utah Has Strongest Gains Since February 2020, While New York Has Worst Declines;
Florida and Delaware Top Lists of One-Month Increases, As California and
Arkansas Register Worst One-Month Employment Losses

[Read More]

--------------------------------------------------------------------------------

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