News (200)


Pipeline Firms, Steelmakers Clash Over Tariffs

The battle over steel import tariffs in the U.S. is continuing to heat up, as an executive behind the Cactus II pipeline told Congress last week that the measures amounted to a “$40 million ...


Canadian Government Grants CPCA’s Exemption Request

The Canadian government recently granted the Canadian Paint and Coatings Association's request for an exemption from tariffs on U.S. goods coming into the country, as language could be inter...


Canada Grants Coatings Tariff Exemption

With concerns over countermeasure tariffs on U.S. goods rising, the Canadian government has granted the Canadian Paint and Coatings Association’s (CPCA) request for an exemption from these t...


EU Approves Steel Anti-Dumping Measures

The European Union voted Thursday to approve a combination of quotas and tariffs on steel products to offset a feared influx of “dumped” steel after the United States placed its own tariffs ...


EU Authorizes Steel Anti-Dumping Measures

The European Union voted Thursday to approve a combination of quotas and tariffs on steel products to offset a feared influx of “dumped” steel after the United States placed its own tariffs ...


Asian Steel Floods Canada After US Tariffs

Steel pipes and tubes used in drilling and transporting crude oil moved largely into Canada this spring, and the government is reportedly taking action to prevent a possible further flooding...


US Issues First Steel Tariff Exemptions

The U.S. Department of Commerce announced its first round of exemptions to new steel and aluminum tariffs Wednesday, at the same time noting that it is investigating whether some companies i...


US Issues First Steel Tariff Exemptions

The U.S. Department of Commerce announced its first round of exemptions to new steel and aluminum tariffs Wednesday, at the same time noting that it is investigating whether some companies i...


Pipeline Builders Seek Tariff Exemptions

Several major U.S. energy companies, including Hess Corp. and Kinder Morgan Inc., are seeking exemptions from recently enacted steel-import tariffs.


US Imposes Steel Tariffs on Canada, EU

After months of discussion regarding possible exemptions, the United States allowed new tariffs on steel and aluminum imports from Canada and European Union countries to take effect Friday, ...


US Lays Steel Tariffs on Canada, EU

After months of discussion regarding possible exemptions, the United States allowed new tariffs on steel and aluminum imports from Canada and European Union countries to take effect Friday, ...


US Delays Steel Tariffs for Some Nations

The United States tariffs on steel and aluminum coming from various countries have been delayed as the U.S. continues negotiations that could head off duties for the nations.


US Delays Steel Tariffs for Some Nations

United States tariffs on steel and aluminum coming from a host of countries, including Canada and the European Union, have been delayed as the country continues negotiations that could head ...


Bahrain Touts Its Largest Oil Discovery

Officials from Bahrain say the country has struck black gold in the form of a new oil field off the country's western coast that represents the biggest petroleum find in the country in decad...


Record Gulf Offshore Lease Sale Nets Marginal Gains

The U.S. Department of the Interior opened its latest auction of offshore oil and gas drilling leases, touted as the largest ever, on Wednesday (March 21), but garnered bids for only about o...


UK Coatings Groups Examine Brexit

Working together, the British Coatings Federation and the British Adhesives and Sealants Association will be examining how Brexit—the United Kingdom's prospective withdrawal from the Europea...


UK Coatings Organizations to Hold Meeting on Brexit

The British Coatings Federation and the British Adhesives and Sealants Association are joining forces to shed light on how Brexit—the prospective withdrawal of the United Kingdom from the Eu...


GA Regulators Weigh Nuclear Project's Fate

The fate of the embattled Vogtle Nuclear Plant construction project near Waynesboro, Georgia, is hanging in the balance, as state regulators hold hearings on the current state of the job.


Construction Job Growth, Shortages

U.S. construction employment increased by 58,000 jobs in February, to reach 6.8 million, the highest level since November 2008, according an analysis of new government data.


Cool Roof Coatings Market Heats Up

Globally, the cool roof coating market is expected to reach $5.41 billion by 2025, up from $2.8 billion in 2015, a new study suggests.


AkzoNobel Posts 2016 Results

Global coatings firm AkzoNobel reported a dip in revenue in 2016 across all three of its business segments, due to unfavorable currency and price/mix effects.


AkzoNobel Reveals 2016 Financials

Currency translation and price/mix effects took a toll on 2016 revenues for global coating company AkzoNobel, according to the company's latest financial report.


US Construction Jobs On the Rise

According to new government numbers, the construction industry in the United States added 36,000 jobs, and saw an increase in pay for workers, in January, though jobs on civil engineering pr...


Construction Sees Job Gains, Higher Pay

U.S. construction employment started 2017 on a positive note, adding 36,000 net new jobs on a seasonally adjusted basis in January, as well as increasing worker pay, according to new analyse...


AIA Forecast: Construction Up, Industrial Lags

Industrial facility construction won't be getting the same boost that commercial building will see in 2017, according to one major industry group.


AIA Posts Healthy Outlook for Construction

Retail, office and hotel construction is forecast to dominate the building recovery in 2017. However, industrial construction is projected to see almost no increase.


Boston to Spend $1B on School Projects

Boston is looking to invest $1 billion over the next 10 years to repair and replace its aging schools.


Oil and Gas Industry to Spend More in 2017

Big new oil and gas projects will double worldwide in 2017 as companies increase their spending, according to one global consulting firm.


Industry Supports Trump on Infrastructure

With the contentious 2016 election behind them, U.S. transportation associations are looking ahead to what the future holds for infrastructure and other construction projects under President...


Industry Focuses on Trump Presidency

U.S. builders and architects are putting the contentious election behind them and focusing on the future and what they can expect from the mega-builder and developer turned President-elect D...


Construction Forecast Predicts Lift for 2017

Public works construction, along with most U.S. building sectors, can expect to see a boost in business in the coming year, according to a major new construction forecast that sees a $713 bi...


Report: Construction Industry to Hit $713B

Most U.S. building sectors will enjoy modest growth in 2017, according to a major new construction forecast that sees a $713 billion year ahead.


Feds: Multifamily Production Drops 38%

Multifamily construction dropped sharply in September, bringing nationwide housing starts down 9 percent to an annual rate of 1.05 million units, according to new federal data.


Survey: Architects Back in the Black

According to a new survey from the American Institute of Architects, the architecture industry in the U.S. has nearly fully recovered from the recent recession, and firms have been able to r...


Construction Spending Remains Flat

U.S. construction spending was down ever so slightly in August, according to new data released by the Department of Commerce, which also revised its July numbers to reflect a slight downward...


UK, US Construction Spending Lags

Uncertainty stemming from June’s vote to leave the European Union may play into lagging numbers in the U.K. construction industry in July, while brand new numbers on American construction in...


$500 Million Supports Transportation Projects

Highway improvements, modernization of port terminals, bridge replacement and rehabilitation, and rail projects are among 40 of the transportation projects nationwide that will share nearly ...


Paint Stores Shine in Sherwin-Williams’ Q2

U.S.-based paint and coatings maker The Sherwin-Williams Company posted gains in its second quarter, led by booming architectural sales in its Paint Stores Group.


Sherwin-Williams Posts Gains in Q2

Despite lower numbers in its Global Finishes Group and other divisions, The Sherwin-Williams Company announced overall gains in its second-quarter earnings report.


Builders See Slow, Steady Growth

U.S. builders broke ground on new homes at a slightly faster pace in June, signifying that the market continues to inch toward recovery, new federal data shows.


NJ Shutdown Week 1: 1,700 Jobs, $41M

As the shutdown of road, bridge and rail work continues into its second week in New Jersey, a trade association representing the U.S. transportation design and construction industry has iden...


China, U.S. Spar Over Steel Duties

American steel imports from other countries, especially China, have become a topic of contentious global debate in the weeks since the U.S. announced plans to levy steep duties on companies ...


Construction Spending Plunges

After a strong March, new federal data shows that U.S. construction spending fell 1.8 percent in April—the largest drop since January 2011.


Design Demand ‘Modest,’ AIA Says

As thousands of architects, designers, business leaders and representatives converge this week in Philadelphia for the annual American Institute of Architects’ convention, the organization r...


ASCE: Failing Infrastructure Hurts Economy

America’s failure to invest adequately in infrastructure updates comes at a substantial cost to individuals, according to a new report issued by the American Society of Civil Engineers.


Construction Numbers, Labor Demand Up

As Census Bureau numbers show the U.S. construction industry continuing to grow (including a big leap in road construction), one industry group is pointing out the need for more qualified wo...


Construction Spending Up, Labor Warning

New federal data suggests that the U.S. construction industry is continuing along the path to recovery, while industry officials warn that more qualified workers are needed to meet rising de...


Report Questions Builders' Labor Worries

Construction industry groups have incessantly sounded alarms that the biggest challenge facing the recovering housing market is a lack of skilled labor; however, a new report seems to questi...


Stores Boost Sherwin-Williams’ Q1

Strong architectural paint sales volume in Sherwin-Williams’ Paint Stores helped deliver a record first quarter to the global paint company.


Sherwin-Williams Sees Q1 Net Sales Grow

While The Sherwin-Williams Company saw a slight dip in net sales for in its Global Finishes Group in the start of 2016, strong performance by the PaintStores Group helped push the company in...


Volume Up, Revenue Dips in AkzoNobel’s Q1

AkzoNobel opened 2016 with volume increases across the board and a warning that the market environment remains uncertain with challenging conditions.


AkzoNobel Confronts Challenging Q1

AkzoNobel reported growth in volumes and profitability in all three business areas in its first quarter 2016 results, despite a challenging market environment.


Waterproofing Market to Hit $9.5B by 2022

The global demand for waterproofing membrane is expected to reach $9.5 billion by 2022, a new market forecast suggests


Reports: Construction Pulse Is Strong

From spending to jobs, all signs point to a strengthening construction market. Two recent federal reports showing a sharp rise in construction employment and a solid increase in construction...


Construction Jobs, Spending See Growth

“The demand for construction is robust and well-balanced among residential, private non-residential and public segments,” says Ken Simonson, chief economist of the Associated General Contrac...


Construction Jobs Picture Mixed, AGC Says

As spending grows in nonresidential construction, data shows employment growth in that sector to be lagging, suggesting contractors are having a hard time finding qualified workers, a new re...


AGC Sees Shortages Amid Record Growth

With 19,000 construction jobs added in February and the number of unemployed workers dipping to the lowest level since data tracking began in 2000, the overall picture remains “positive” for...


Flame Retardant Market Remains Hot

The global demand for flame retardant chemicals is expected to surge in the coming years.


Heavy Construction Jobs Set to Rise

Declines in heavy and civil engineering construction are expected to turn around in 2016 in response to the long-term transportation bill, according to the Associated General Contractors of ...


President Requests $1.4B for U.S. Buildings

The nation’s largest landlord will be able to put nearly $1.4 billion in funds toward federal building developments and other projects under President Barack Obama’s 2017 budget proposal.


Construction Jobs Register 8-Year High

A new analysis shows that the construction industry’s unemployment rate has dropped to a 17-year low.


Growth Projection: Adhesives and Sealants

Demand for adhesives and sealants is projected to expand 4.5 percent annually, reaching $64 billion in 2019.


Sherwin-Williams Sets Q4, Full-Year Records

The Sherwin-Williams Company reported earnings and sales records for its 2015 fourth-quarter and full year, driven by architectural paint sales volume increases in its Paint Stores and Consu...


Sherwin-Williams Reports Strong 2015

Sherwin-Williams' new president and CEO delivered a "gratifying" full-year and fourth quarter earnings report released Thursday (Jan. 28).


Economists: Housing Market Improving

U.S. builders are expected to break ground on 1.33 million units in 2016 and hit 1.56 million units in 2017, a new forecast suggests.


Income, Sales Up for AkzoNobel Q3

Amsterdam coatings giant AkzoNobel has reported income and sales gains for its third quarter amid “challenging market conditions.”


AkzoNobel Posts Positive Q3 Earnings

Marine and Protective Coatings led in revenue gains among AkzoNobel’s markets in its third quarter, according to the Amsterdam coatings company.


PPG Reports ‘Strong’ Q3

Recent acquisitions and “aggressive” cost reductions helped deliver a third quarter record for PPG Industries Inc.


PPG: Record Income in Q3

Protective and marine coatings sales helped improve the bottom line for PPG Industries Inc. during the company’s third quarter of 2015.


Construction Market Good, Data Says

Even amid worker shortages, two new reports shine a bright light on the U.S. construction environment based on September figures.


Reports: Strong Pulse for Construction

From credit risk to construction spending, all signs point to a strengthening U.S. construction industry.


Drop in Immigration Fuels Labor Shortage

A new report suggests that an immigration slowdown is contributing to the rising cost of construction and widespread labor shortages in the industry.


Construction Spending Hits 7-Year High

U.S. construction spending in July reached levels not seen in more than seven years, according to new federal data.


Uneven Job Growth in U.S. Construction

The U.S. construction industry appears caught between divergent economic trends that aid employment in some areas and hinder it in others, according to Associated General Contractors of Amer...


U.S. Construction Job Picture Mixed

A new analysis shows uneven job growth in the U.S. construction sector.


Worker Shortage Threatens Growth

Optimism is high as construction spending levels rose strongly in June compared to the past year, but the outlook is tempered by concerns over a lack of skilled workers in key areas, which m...


Spending on the Rise; Workers Needed

U.S. construction spending inched up in June to an annualized rate of $1.06 trillion, up 12 percent from year ago levels, according to newly released Census Bureau data.


Sherwin-Williams’ Q2 Sales, Profit Up

CLEVELAND--Sales to the professional market for home repainting and consumer groups in the U.S. continue to drive The Sherwin-Williams Company to gains in sales and earnings.


Sherwin-Williams Reports Mixed Q2

CLEVELAND--The Global Finishes and Latin American Coatings Groups of The Sherwin-Williams Company are feeling the impact of foreign currency values and weak market demand in certain areas, a...


Study Forecasts a Roofing Rebound

Strong residential and nonresidential building construction activity will bring back the U.S. roofing market in the coming years, experts forecast.


Paint Shop Will Be One for the Books

FLINT, MI—What does a $600 million paint shop look like?


Home Building Hits 8-Year High

WASHINGTON, DC—The U.S. housing market has apparently drained the last dregs of winter and is well back on the road to recovery, new government data suggests.


Painter Recants Sub Arson Admission

FORT DIX, NJ—A civilian painter serving 17 years in a federal prison for a $450 million blaze aboard a nuclear submarine now says he did not set that fire.


AkzoNobel Reports 'Solid' Q1

AMSTERDAM—Rising revenues and operating income across all businesses graced the first quarter of 2015, despite continuing economic headwinds, AkzoNobel reported Tuesday (April 21).


Ups and Downs Open Akzo's 2015

AMSTERDAM—Favorable currency effects and cost cutting offset volume declines, yielding increases in revenues and operating income for the first quarter of 2015, AkzoNobel reported Tuesday (A...


Gas Tumble Brings Savings in Materials

The plummeting energy prices of recent months have had a welcome ripple effect on the U.S. construction industry, where many materials costs have been steadily flat or on the decline.


Construction Material Costs Drop

Prices for construction materials are steadily declining, which comes as welcome news for many contractors and their clients.


IN Aims to Repeal Public Works Base Pay

Public-works construction crews would lose their 80-year-old base wage protection under a bill now working its way through the Indiana State Assembly.


IN House Votes to End Base Project Wage

Indiana's Republican-led House has approved the repeal of an 80-year-old law that sets base wages for all major public construction projects in the state.


Profits Fall, But Akzo Stays the Course

Gains in protective and marine coatings, operating income and sales volume all helped AkzoNobel battle the 2014 headwinds of decorative paints and adverse currencies, leaving the company blo...


Akzo Sees Progress Amid 2014 Setbacks

Decorative Paints struggled and profits slid, but AkzoNobel emerged from 2014 optimistic that its years-long restructuring remained on track.


Commercial Market Comes Roaring Back

If you build schools, hotels, hospitals or offices, 2015 and 2016 are your years, according to a new U.S. construction forecast that heralds a long-awaited comeback in the institutional and ...


Towers Top Out at Record Rates

It's a tall world after all—taller than ever, in fact, with record numbers of vertiginous structures topping out in 2014 and many more ahead.


Home Sweet Housing Starts in 2014

U.S. builders broke ground on more than one million new homes and apartments in 2014—the highest level recorded since the boom of 2005 and 8.8 percent higher than the 2013 total, the federal...


2014 Crowned 'Tallest' Year

The world's cities are getting taller—much, much taller—with record numbers of neck-stretching skyscrapers recently completed across the globe, and many more on the way.


PPG Announces 'Successful' 2014

PPG Industries has continued its financial hot streak, posting record full-year sales and yearly and quarterly gains in each segment.


Deal Fuels PPG’s Record Year

PPG Industries’ year-end acquisition of Mexico’s Comex helped deliver record net sales and earnings to the Pittsburgh, PA-based paint and coatings maker.


Sting Abandons his Sinking 'Ship'

Shipbuilding must be in even worse shape than we thought. Even Sting couldn't save it. Producers of the UK rocker's Broadway musical The Last Ship have announced that the show will cl...


N. America to Lead Silica Sand Boom

Uncle Sam may be worried about silica, but North American industry apparently is not, as the region prepares to lead the global growth of silica sand through 2018, according to a new market ...


Industry Executives Feel a Pay Pinch

U.S. construction and engineering may be bouncing back, but one surprising player is not feeling the love: the boss.


Construction Leaders See Drop in Pay

Despite the “bright future” of the construction and engineering industry, those at the helm are making less money, a new report says.


Housing: What Americans Want

From affordability to energy efficiency, Americans want a lot from their homes—and are not always getting it.


U.S. Construction Sees a Happy New Year

If you build it in 2015, they will come—and live, learn, heal or work in it, according to a major new construction forecast that sees a $612 billion year ahead.


Construction Surge Seen for 2015

U.S. public-works projects will rebound and manufacturing plant construction will remain strong amid a generally robust year for construction starts, according to a major new industry foreca...


Sherwin-Williams Reins in Outlook

Paving the way for a tempered fourth-quarter report, Sherwin-Williams has unveiled a conservative update to its 2014 earnings forecast and a mixed look at 2015.


Sherwin-Williams Adjusts Outlook

The world's No. 3 paint and coatings company has narrowed its 2014 earnings forecast and offered a tempered look at 2015.


Construction Shows New Roles the Money

Pay scales throughout construction and engineering are comfortably back on the rise, but the power positions in those industries are shifting dramatically, a new report says.


Nanocoatings Set for Mega Growth

Good things come in small packages, as the global market for nanotech-based coatings is poised to show, according to a new forecast.


Job, Pay Trends Signal a New Normal

All boats are rising with the post-recession tide, but they are not rising equally—and the construction and engineering rock stars of tomorrow will be different from those of yesteryear, a n...


Job Boom Spurs Calls for More Training

U.S. construction unemployment, which neared 20 percent at the height of the recession, has now shrunk to just seven percent, with 230,000 jobs added in the last year, a new analysis shows.


U.S. Coatings Exports on a Roll

U.S. coatings exports could produce a net surplus of $2 billion in 2014, according to a new analysis.


U.S. Sees Strong Coatings Exports

The U.S. has seen strong numbers in coatings exports so far in 2014, the American Coatings Association reported.


Construction Jobs Notch 6-Year High

A new analysis shows a strengthening U.S. construction sector and some of the most promising figures seen in years, but many of the nation’s firms are still reporting hiring shortages.


U.S. Infrastructure Misses Top 10

The U.S. is falling behind 11 other economies in the latest global ranking of infrastructure competitiveness.


Thin Workforce Overshadows Optimism

Construction employment has expanded in two-thirds of U.S. metro areas, and spending is at a five-year high—a boom that may be squandered if the industry cannot fill its ranks, a leading con...


Congress OKs 11th-Hour Highway Bill

With backs to the wall and less than three hours to act, the U.S. Congress agreed Thursday night to put a 10-month, $10.8 billion Band-Aid on the near-empty federal fund that pays for highwa...


NY City Council Approves ‘Poor Door’

A controversial plan to install separate entrances and elevators for affordable-housing and luxury-condo residents in the same building has gained approval in New York City.


Work to Resume on 3 World Trade Center

After an insurance snafu and several failed funding attempts, construction is finally set to resume this year at 3 World Trade Center.


Urban Research Banks Against Beige

Could a blue bridge bring more cash to a city’s coffers than a brown bridge? New global research funded by AkzoNobel will put that notion to the test.


OMA, AkzoNobel Partner on Color Study

A new global study will focus on the role of color in economic development.


Report: Infrastructure Jobs Underplayed

Infrastructure jobs account for 11 percent of U.S. employment, but the typical shovel-ready focus overlooks the much larger workforce needed for long-term operational jobs, a new report says...


DOT Budget Bill Aims to ‘Grow America’

“Transformative transportation projects” that will save bridges, strengthen roads, extend rail, stabilize funding, improve safety, and employ millions of Americans are the promise of a $302 ...


Paint Sales Soar in Sherwin-Williams’ Q1

Increased architectural paint sales and acquisition activity in its Paint Stores Group propelled the Sherwin-Williams Company to log a 9.2 percent increase in sales in its first quarter, the...


Ups and Downs at Sherwin-Williams

Mother Nature’s wrath and currency issues bedeviled Sherwin-Williams in the first quarter of 2014, dampening profits despite record sales.


Contractors Act to Avert Labor Pinch

A new plan aims to combat a shortage of skilled construction workers by pushing legislative and regulatory reforms that would make it easier to establish career and technical training progra...


CA Aims to Secure Temp Worker Pay

California contractors who hire extra labor through subcontractors or temp agencies may soon be on the hook for any illicit pay practices by those third parties.


Paint Firm Funds Exorcism Ritual

An ancient Cambodian dance believed to ward off evil spirits is getting a budget boost from a paint company, just in time to save the country's fading New Year tradition.


Bill Hooks Contractors for Sub Pay

If your sub or labor temp agency is shortchanging its workers, is that your problem? It will be—at least, in California—if one legislator has his way.


Housing Leads Construction Comeback

U.S. construction is off to a roaring start in 2014, with both employment and spending increases notching their highest levels in years, according to an analysis of new government data by th...


Construction Jobs, Spending Hit Highs

It’s shaping up to be a good year for the U.S. construction industry, which is seeing its highest employment rate in nearly five years and its steepest spending increase since 2006, the Asso...


Building Plastics Market Powers Up

Global demand for building and construction plastics is poised to grow at a 7 percent annual clip in the coming years, reaching $57.5 billion in 2019, a new market forecast suggests.


GM Spends $1.2B on New Paint Plants

General Motors broke ground Monday (March 3) on a $600 million environmentally friendly paint shop in Flint, MI, bringing to $1.2 billion the automaker’s paint plant investment in the last y...


Housing Groups Allege Pittsburgh Fraud

Four housing organizations are accusing the City of Pittsburgh and its former wunderkind mayor of systematically defrauding the federal government of tens of millions of dollars in low-incom...


Developers Indicted in $3.7M Fraud

Juggling five aliases and seven phony businesses (including some trumped up as churches), two Maryland developers were able to pull off a two-and-a-half-year property shuffle that netted the...


Obama Orders Contractors to Hike Wages

President Obama has launched his promised “year of action” with an Executive Order requiring new federal construction and service contracts to pay workers at least $10.10 per hour.


Wage Hike Ordered for U.S. Contractors

Employees of federal contractors will see an increase in their minimum hourly pay to $10.10, under a new Executive Order signed by President Obama.


2014 Forecast: Brisk, with Jobs Likely

Many construction contractors plan to start hiring again, and most are predicting stability or growth in virtually every major market segment this year, a new survey shows.


2013 Housing Starts Notch 6-Year High

After a rollercoaster finish to the year, total U.S. home construction and permits ended 2013 at their highest annual levels since 2007, the U.S. Commerce Department reported Friday (Jan. 17...


AIA Pitches Congress on Safety, Funding

Stronger bridges, safer structures, tighter buildings—and a funding mechanism to pay for them all—lead America's architectural agenda for 2014.


Record Q4 Seals Banner Year for PPG

PPG Industries crowned 2013 with a blockbuster fourth quarter dominated by double-digit growth in Performance and Industrial Coatings.


PPG Paints a Green ’13

PPG Industries rode a fourth-quarter wave of whopping sales growth in architectural and other coatings to cap one of the most successful years in its 130-year history, the company reported T...


Congress Gets Priority Punch List

Energy tax incentives, stronger building codes, and debt relief for students lead the architecture industry's legislative To Do list this year.


Wages Rise in 13 U.S. States

The first full work week of 2014 will put more money in the pockets of hundreds of thousands of U.S. workers, as minimum-wage increases took effect in 13 states.


25% of U.S. States Raise Hourly Wage

Thirteen states raised the minimum wage for workers on Jan. 1, bringing to 21 the number nationwide that are now paying workers above the federally mandated minimum.


Housing Recovery: Starts Jump 22%

U.S. builders broke ground on more homes in November than they had in more than five years, as builder confidence and employment also surged.


Construction Gains, But Will it Last?

The rollercoaster ride of U.S. construction spending has climbed to a four-and-a-half-year high, but the progress of individual sectors remains mixed, keeping builders cautious about the fut...


Construction Spending Hits 4-Year High

An “unusual surge” in public construction unexpectedly pushed total U.S. construction spending in October to its highest level in more than four years, the Associated General Contractors of ...


Historic UK Shipyard to Shut Down

Five centuries of shipbuilding will come to an end next year, as British defense contractor BAE Systems has announced plans to close its dockyard in Portsmouth, England, the home of the Roya...


Homebuilding to Hit 60.9M Units in 2017

Housing construction is forecast to surge over the next several years, especially in developing countries where the demand will be fueled by increased rural-to-urban migration, according to ...


Paint Gives New Life to Closed Shops

Paint may not cure the recession blues, but it has helped change the tune for one beleaguered community in the United Kingdom.


Building Jobs, Spending Keep Growing

U.S. construction unemployment hit a six-year low in September, on the heels of a four-year high in project spending the month before, the federal government reported.


Construction Spending Hits 4-Year High

U.S. construction spending in August reached levels not seen in more than four years, driven by a booming residential sector, according to new federal data.


Coating Makers Assail Shutdown

America’s paint and coating manufacturers have joined the growing public call on Congress to settle its budget differences and reopen the U.S. federal government.


ACA to Congress: End the Shutdown

The U.S. paint and coatings industry has added its voice to the rising tide of public demands that Congress break its budget deadlock and put the government back in business.


Manufacturers Flag Infrastructure Woes

Calling the deterioration of America's infrastructure a "legacy of past investments," U.S. manufacturers are warning that declining transportation networks will weaken the nation's global co...


$71M Spent Before Navy Scrapped Sub

The U.S. Navy spent $71 million trying to repair a nuclear sub torched by a painter before deciding to scrap the vessel, a new report states.


AkzoNobel Plans New Wave of Downsizing

AkzoNobel continues to shrink its European footprint, with a new plan to close more than half of its German offices in the wake of recent divestments.


U.S. Paints, Coatings to Top $30.6B

Industrial maintenance and marine coatings in the United States will see slow but steady growth in the wake of a five-year rebound blazed by the architectural ector, according to a new marke...


Building Rebound to Drive Coating Gains

The U.S. paint and coatings market should top $30.6 billion by 2017, led by a strengthening architectural coatings segment, a new market study concludes.


Top 100 Infrastructure Projects Named

More than $435 billion in new pipelines, airports and transportation projects are among the top 100 infrastructure projects strategically important to progress throughout North America, acco...


Architects Report Sluggish Salaries

U.S. architects say challenging business conditions continue to take a toll on their salaries.


Navy to Scrap Painter-Torched Sub

Unable to foot a $700 million repair bill, the U.S. Navy has decided to scrap a nuclear submarine severely damaged last year in a blaze set by a painter.


Rebounding CertainTeed to Reopen Plant

Heralding its revival with the planting of a tree, CertainTeed Ceilings has announced plans to reopen a long-shuttered manufacturing plant in Mississippi.


Paint Makers Unite over Chemical Bill

U.S. coating suppliers are pulling out the stops to help pass what they call a "groundbreaking" overhaul of the nation's 37-year-old chemical safety laws.


12 Shipyard Operations to Share $9.46M

Ship painting, blasting and manufacturing operations in 10 states will see expanded capabilities, facility upgrades and new technologies from $9.46 million in newly released federal grants.


ACA Urges Members to Push Chemical Bill

Smelling a long-awaited victory, coating manufacturers are beating the bushes to bring home the first overhaul of chemical safety laws in a generation.


$850M Revives Auto Paint Plant Plans

Once on the chopping block, an automotive paint shop in Michigan is now being transformed into a state-of-the-art facility as part of an $850 million investment by Chrysler Group LLC.


Sherwin-Williams’ Comex Deal Hits Snag; Q2 Profit Up

The Sherwin-Williams Company announced that its planned $2.34 billion acquisition of Comex Group was not approved by regulators in Mexico and also reported a 13 percent increase in profit fo...


PPG Reports Record Q2, Restructuring

After opening 2013 on a flat note, the world’s No. 2 paint and coatings company scored a record second quarter and made a restructuring announcement.


Sherwin-Williams Sees Q2 Profit Gain

The Sherwin-Williams Company reported a 13 percent profit increase for the second quarter, but also announced a snag in its planned $2.34 billion acquisition of Comex Group.


PPG’s Q2 Records Sales, Income Gains

In a record second quarter, PPG Industries announced double-digit percentage sales gains for both industrial and performance coatings segments, boosting the paint and coatings company from a...


Housing Takes Hit to 10-Month Low

U.S. housing production took an unanticipated nose dive in June to its lowest level since August 2012, due to a slowdown in the multifamily sector, according to new data from the Commerce De...


Joblessness Drops; Jitters Don’t

Replacing old worries with new ones, the construction labor market in the U.S. may be swinging from glut to shortage in just a few short years, experts are saying.


Good News on Unemployment, But...

The U.S. construction industry jobless rate declined to 9.8 percent in June—the best June figure seen in five years and a showing that actually has industry officials warning of possible wor...


Top 20 Cities Riding Construction Wave

New York City and two cities in Texas top a new list of 20 metropolitan areas that have spent the most money on new construction projects this year.


Residential Market Posts Big Gains

U.S. home builders are more confident and they’re proving it, according to the latest economic indicators.


Design Billings Up as AIA 2013 Begins

DENVER—The design business is back in positive territory after a scare, as thousands of architects and building professionals convened Thursday (June 21) for the 2013 American Institute of A...


Construction Job Growth Continues

A new analysis shows a strengthening U.S. construction sector and some of the most promising figures seen since 2008.


Construction Jobs See All-Around Growth

Construction jobs are up and unemployment is down, with some of the most promising figures seen since 2008, a new analysis shows.


Construction Nails a 4-Year Record

Nonresidential construction activity across the U.S. is trending upward, a recent economic index.


Obama Urges Faster Track for Projects

Calling for more green lights and less red tape, President Obama has announced an initiative to halve the time needed to launch infrastructure construction projects.


$500M Set for Sandy-Hit Water Works

Water-treatment facilities across New York and New Jersey will receive more than $500 million to tackle repairs and upgrades desperately needed after Hurricane Sandy, the U.S. Environmental ...


Historic Bridge Projects Get $3B Boost

Three major bridge projects connecting Staten Island and New Jersey have taken a $3 billion step forward, juiced by new funding approvals from the Port Authority of New York and New Jersey.


Stores Brighten Sherwin-Williams’ Q1

Booming architectural paint sales in its Paint Stores Group drove up Sherwin-Williams' first-quarter earnings by 16 percent, to $116.18 million, the company has announced.


Sherwin-Williams Rings Up Record Q1

Protective and marine coatings held their own, but Sherwin-Williams' paint stores did the heavy lifting in the first quarter, delivering record sales and earnings for the Cleveland-based pai...


Home Building Hits 5-Year High

The U.S. residential construction industry may be crawling, slowly but surely, out if its post-recession funk.


Coatings Market Split in Europe

Driven by a growing construction sector in Eastern Europe, the market for decorative paints and coatings in Europe is poised to reach revenues of €11,6 billion ($15.1 billion USD) in 2019, a...


Shipyard Workers Get Layoff Reprieve

Cost-cutting “furloughs” for shipyard painters, maintenance crews and other civilian defense workers have been put on hold as the Department of Defense weighs a stop-gap budget bill newly pa...


Painter Gets 17 Years for Sub Arson

A civilian painter has been sentenced to 17 years in prison and $400 million in restitution after setting fire to a U.S. Navy nuclear submarine last May, the U.S. District Attorney’s Office ...


Shipyards Warned of Mass Layoffs

Threatened cutbacks by the U.S. Navy could soon cost thousands of American shipyard workers their jobs, BAE Systems is warning its employees.


Building Revival to Spur Cement Gains

LAS VEGAS—With the fiscal cliff behind and 950,000 housing starts ahead for 2013, cement consumption is set to boom, with 8.1 percent growth projected through this year, according to a new e...


Stores Fuel Sherwin-Williams’ Top Year

Sales growth and price hikes in its Paint Stores Group propelled The Sherwin-Williams Company to record highs for 2012 and its fourth quarter, the company reported Thursday (Jan. 31).


GM to Invest $600M in KS Paint Shop

General Motors has announced plans to spend $600 million on a brand-new paint shop, including new technology and environmental enhancements.


ASCE Reports on Infrastructure Gap

Without an extra $1.57 billion per year invested in U.S. infrastructure, the country will face a rough road ahead, according to a new report on infrastructure investment.


Contractors Gird for 2013 Challenges

“Luck and a lot of hard work” may prove to be saving remedies for the hard-hit construction industry. That’s the latest from the Associated General Contractors of America.


PPG Profits Surge in Q4

Pittsburgh, PA-based architectural coatings giant PPG Industries Inc. reported record profits for its fourth quarter, as total coatings segment earnings grew by nearly 30 percent from the pr...


PPG Rounds Out Record Year

Rounding out a year of record financials, PPG Industries Inc. reported Monday that each quarter of 2012 saw new earnings records, with higher full-year earnings in each major region.


Contractors Driven to New Careers

Thousands of unemployed contractors are shifting gears into other industries as construction continues reeling from the economic downturn, reports indicate.


Sales Up, Income Down for RPM Q2

Rust-Oleum's parent company RPM International Inc. reported a double-digit increase in sales and a double-digit dip in income for its fiscal 2013 second quarter.


Carboline Parent Notches Strong Q2

Protective coatings giant RPM International Inc. reported strong sales and earnings in its second quarter, but remained weighed down by continuing charges that dampened its first quarter.


 
 
   

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