A new report says that prices for crops are expected to fall this year, despite farmers planting a record amount, reports Reuters.
Hawaii Senate approves $500 million construction bill
Posted by
IronPlanet on Feb 24, 2012 6:55:00 AM
With the economy still in turmoil and unemployment high, many states are hoping to stimulate their economy through construction projects. Hawaii is one such state, as the State Senate recently approved the $500 million "Invest In Hawaii Act of 2012," according to The Associated Press.
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Ground broken on Museum of African American History and Culture
Posted by
IronPlanet on Feb 23, 2012 6:09:00 AM
February is National African American History Month, so it's only fitting that work on a Museum of African American History and Culture recently begun in Washington D.C.
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Tucson funds streetcar project, but has no backup money
Posted by
IronPlanet on Feb 21, 2012 7:29:00 AM
The city of Tucson has begun construction on their modern streetcar project, but the Arizona Daily Star reveals that the town doesn't have enough to pay for the project if things hit an unexpected snag.
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The number of new housing starts on new homes exceeded analyst expectations for January, according to Bloomberg BusinessWeek.
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Although farmers are projected to plant the biggest crop in a generation this year, net income is expected to fall by 6.5 percent for farmers in 2012, reports Bloomberg.
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The latest report from the National Association of Home Builders shows that builder confidence has reached a four-year high, with many contractors liking their prospects for 2012.
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Multifamily construction projected to rise sharply in 2012
Posted by
IronPlanet on Feb 14, 2012 7:32:00 AM
The recent trend of people renting homes rather than buying them outright is leading to a rise in multifamily construction, which includes apartment buildings and similar complexes. According to Bloomberg, multifamily construction is projected to help carry the construction industry through the coming year.
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The Board of Regents at Texas A&M has approved the budget for a multitude of new construction projects, including a $120 million expansion and renovation of a current building, reports The Eagle.
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One of the more anticipated construction projects in the country is the Circuit of the Americas track in Austin, Texas, as the racing course is scheduled to host the world-famous F1 series this November. However, officials recently revealed that the project has been delayed due to heavy rain in the Austin area.
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