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Archive for May, 2012

May 11,2012

Posted by nahetsblog on May 10, 2012

Construction employment for 2012 is on the upswing compared to 2011 but its a long road back to get to the peak of the summer of 2007,their are some hot spots but their are more cold spots,ironically Nevada is the coldest,with Arizona right behind it.The housing bubble that burst in 2008 has hurt some areas of the country more than others,Florida,Arizona and Nevada were the worst Home prices are up inmany spots , according to the National Association of Realtors the median price of a single family home rose in 74 of the largest 146 markets,the biggest problems facing AZ,NV and FL is their are more homes that are being foreclosed on every month and they tend to bring the prices down in the surrounding areas. Foreclosures are expected to go up following the 25 billion settlement between the mortgage brokers and the federal and state officials.

Heavy equipment distributor UNTR a subsidiary of the Astra Group said that last year it sold more than 9500 Komatsu heavy duty tractors,that was the best year they have had since 2007.In 2007 they sold a little more than 10,500.

Caterpillar has reported that the first quarter of 2012 their sales were up a surprising 23 %,that is in addition to an increase of more than 29% increase in sales outside of North America.

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May 10,2012

Posted by nahetsblog on May 9, 2012

Construction employment dipped by 5,000 jobs in April,2012 that was the first decline in the last seven months,ADP news bureau reported that we are still 16 percent below our all time high that peaked in the summer of 2008.These figures are based on the construction projects that are located in the largest 337 metropolitan areas,in April 2012 155 of those areas saw an increase in construction employment ,48 of them remained constant and 134 saw a decrease.The two areas that saw the largest increase were Denver and Aurura CO those two cities added 5,600 jobs in the last twelve months,the two cities that saw the largest decrease were Montgomery and Huntsville Alabama,and cnsidering what happened last year with the tornados that hard to understand why, they were down 18%and 19% respectively. The Detroit Free Press is reporting that Detroit is ranked 94 on the list with a modest .1% increase in the last 12 months.

Bakersfield CA added 3,900 heavy equipment jobs over the last 12 months,that is a 30%increase over the same period of time one year ago,that seems like a large increase but they still have a long way to go to get back to the level they were at in 2008.The Milwaukee Journal is reporting that Caterpillar has been trying and trying to increase their market share in China without a lot of success so they are now planning on opening their own assembly plants over there,either build them from the ground up or acquire them through a purchase,the heavy equipment training is not taken as serious over there than it is here,one reason is the lack of heavy equipment schools,the short cut is on the job training but the one draw back to that is it is time consuming and you,re not always sure the person doing the training is well qualified.

NextLots on-line auction for heavy equipment set a record ,$4,500,000

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April 2012

Posted by nahetsblog on May 8, 2012

Construction employment went down in April 2012 by one tenth of one percentage point,after four months of modest gains that was to be expected.Since the first of the year construction employment is up 5.8 percent as reported by the Detroit Free Press, the the largest gain in the first four months since the first quarter of 2005. Out of the 337 largest metropolitan areas construction employment was up in 148 of them, it stayed even in 44 of them and decreased in the rest of them. The two hot spots remain the same Bismarck,ND and Longview,TX.

A private research group known as The Conference Board has come out and said that the consumer confidence index went from 61.5 to 70.8 percent.Their senior strategist said that after the first quarter of 2011 everyone was saying that we were heading into a double dip recession and that unemployment could go to 10 percent, well as we now know that didn"t happen.The DOW , S and P 500 and NASDAQ have all gone up at least 15 percent over the last year. Unemployment peaked at 8.5 percent and has edged down four out of the last five months.

According to the Bureau of Labor Statistics construction employment is higher than at any time during 2009,2010 or 2011 but it still has a long way to go to get back to where it was at the peak in the first and second quarter of 2008.

The five largest equipment manucacturers saw their sales go up by four percentage points compared to the first four months of 2011,the used equipment prices have gone up by at least 10 points over last years prices,with the price of fuel leveling off maybe this years construction season will be a huge improvement over last years.

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