New York, New York (Nov. 7, 2019)—The Dodge Momentum Index increased 6.9% in October to 152.6 (2000=100) from the revised September reading of 142.7. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. October’s increase was due entirely to a recovery in institutional planning projects, which had stepped back over the previous few months. Institutional planning moved 22.8% higher in the month while commercial planning lost 0.5%.
Scottsdale, Arizona (Nov. 6, 2019)—Restoration Builders Inc. has announced the signing of an asset purchase agreement for the acquisition of Roofscapes Exteriors LLC, headquartered in Tulsa, Oklahoma.
Columbus, Ohio (Oct. 27, 2019)—Public transportation agencies across Ohio will soon benefit from millions of dollars to help with operations and improve mobility throughout the state.
Nearly $70 million will come from the state general revenue fund. These funds were approved by the Ohio General Assembly in the most recent 2-year state transportation budget. This money is not generated by the state motor fuel tax.
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Washington, D.C. (Nov. 5, 2019)—The American Institute of Architects (AIA) issued a statement today following the decision by President Trump to officially withdraw from the Paris climate accord.
Washington, D.C. (AP) (Nov. 5, 2019)—The United States trade deficit fell in September to the lowest level in 5 months, as imports dropped more sharply than exports and America ran a rare surplus in petroleum.
The Commerce Department said Tuesday that the September gap between what America buys from abroad and what it sells shrank by 4.7% to $52.5 billion. That was down from the August deficit of $55 billion and was the smallest imbalance since April.