News of Construction

Web Changes:

This is where we'll announce the most recent additions to our web site. If you've visited us before and want to know what's changed, take a look here first. Always be looking for new changes on this site with information about the industry and new ways Railway can service you better.


Recent Industry Reports
Construction:

New Home Construction up 5.% for May - Tuesday, June 20, 2006
Housing starts increased 5.0% to 1.957 million units in May from an upwardly revised 1.863 million units in April, reversing three consecutive months of declines.  Housing permits decreased 2.1% during the month. (full story)

 
Consumer Price Index Up 0.4% in May - Wednesday, June 14, 2006
The seasonally-adjusted consumer price index rose 0.4% in May, after a 0.6% rise in April. The major reason for the large increase was another big jump in energy prices. The core index, excluding food and energy prices, rose 0.3% in May, (this was the third consecutive 0.3% monthly increase in the core CPI). Over the past year, the core CPI inflation has run at a 2.4% pace. This number most likely means the Federal Reserve will raise interest rates at its meeting in late May. Expect equity markets to respond poorly to the news.
(full story)

 
Construction Spending Down 0.1% in April - Thursday, June 01, 2006
Construction spending fell for the first time in ten months during April, down 0.1% to $1.196 trillion. Private construction decreased 0.1% and public construction decreased 0.2%.
(full story)

 
Consumer Confidence Falls in May to 103.2 - Tuesday, May 30, 2006
The Conference Board index of consumer confidence finally behaved as expected, posting a 6.6 point decline in May. This reversed the bulk of the gains over the last two months which had pushed the index to its highest level since May 2002. However, the index remains strong, and stronger than most other major confidence indices. It remains at the high end of its pre-Katrina range, while other indices are near or below the bottom of their pre-Katrina ranges.
(full story)

 
Existing Home Sales Down 2% in April - Thursday, May 25, 2006
In April, sales of existing homes declined by 2% from the previous month. At 6.76 million annualized units, sales are also down on a year-ago basis, with a decline of 5.7%. House-price appreciation continues to weaken, with the median existing price up by 4.1% year/year. Inventories continue to escalate and the months supply has reached a cyclical high of six months. (full story)

 
Consumer Price Index Up 0.6% in April - Wednesday, May 24, 2006
The seasonally adjusted consumer price index rose 0.6% in April, after a 0.4% increase in March. The increase was primarily driven by a large increase in energy prices. The core index, excluding food and energy prices, rose 0.3% in April. There has been a slight acceleration in the core CPI in recent months, but overall inflation remains under control. (full story)

 
New Home Sales Up 4.9% for April - Wednesday, May 24, 2006
Sales of new homes in March and April are up from the sharp declines in the previous two months. April gained 4.9% from March to 1.198 million annualized units. Nonetheless, with mortgage rates expected to head up and affordability eroding, the drivers behind housing demand are waning and the spring rebound may be short-lived. (full story)

 
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