Leading construction experts and economists agree that the economy is emerging from its deepest and longest financial crisis since the Great Depression. Even with a modest boost from government stimulus dollars, it will be a very slow crawl out of recession and into recovery.
The National Electrical Manufacturers Association (NEMA) Electroindustry Business Confidence Index (EBCI) for current North American conditions increased for a third straight month and topped the 50-point threshold indicative of expansion for a second straight month in September.
In 2008, fires caused more than $15.5 billion in direct property loss, but overall, the National Fire Protection Agency (NFPA) reported a decline in fire losses from the previous year. Fires in residential properties accounted for $8.6 billion.
ServiceMagic.com released its Home Remodeling and Repair Index for the second quarter of 2009, and the data indicates consumers are still somewhat cautious in home remodeling spending. But confidence is substantially increasing, especially among baby boomers.
The National Electrical Manufacturers Association Electroindustry Business Confidence Index (EBCI) for current North American conditions jumped nearly 12 points to 53.3 in August, an indication that the business environment facing electrical equipment manufacturers improved during the month.
Construction workers nationwide continued to bear the brunt of the recession, accounting for almost one-third of jobs lost in August, according to an analysis of new construction employment figures released by the U.S. Bureau of Labor Statistics.
A new showcase house, “Green Life Smart Life,” was recently completed in Narragansett, R.I. It should be of great interest to electrical contractors, despite the fact that it used 50 percent less wire than a conventional home of the same size. Smart homes are becoming more attractive to owners.
The American Recovery and Reinvestment Act (the economic stimulus plan) appears to be having little influence on construction companies’ ability to expand payrolls to date, according to a new industry analysis of the effect of the federal program’s construction spending released by the Associated Ge
Sales of newly built, single-family homes rose 11 percent in June to a seasonally adjusted annual rate of 384,000 units, according to the U.S. Commerce Department. Coming on the heels of an upwardly revised number for May, the gain marks a third consecutive month of improved sales activity.
Americans used more solar, nuclear, biomass and wind energy in 2008 than they did in 2007, according to the most recent energy flow charts released by the Lawrence Livermore National Laboratory (LLNL).
As the national dialogue continues about the uses of alternative power, at least four states have added or increased their requirements on utilities for the production of electricity from renewable sources.
With all the dismal economic news, it is encouraging to hear that people are somewhat more satisfied this year than last with cost and service from electric companies, which is according to a study from marketing information service provider J.D. Power and Associates.