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U.S. Economy / Markets

US economic growth revised upwards again
The US economy grew at an annual rate of 4.6% between April and June, faster than the previous estimate of 4.2%, according to revised figures from the US Department of Commerce.
BBC News – 9/26/2014

Three Years of Constant Growth for Construction Industry Says Market Analyst
Overall, the construction industry is facing a lot of pent up demand that will translate into constant growth for the next three years, said Dave Zwicke, market intelligence director and senior regional economist for the Portland Cement Association (PCA).
forconstructionpros.com – 9/19/2014

Plunging Multifamily Starts Drag Housing Down 14.4% in July
A 31.7% plunge in U.S. multifamily housing starts to a seasonally adjusted annual rate of 304,000 units dragged total residential activity down 14.4% from July to August to a 956,000-unit pace. Nevertheless, total U.S. starts remain 8.0% above the August 2013 annual rate.
forconstructionpros.com – 9/18/2014

FMI outlook says economy slowly improving
FMI released its Q3-2014 Construction Outlook, which anticipates slow growth in the economy.
Pit & Quarry – 9/10/2014

Construction industry extends employment streak, adds 20,000 jobs in August
The U.S. construction industry extended its streak of job gains in August, adding 20,000 workers.
Better Roads – 9/8/2014

Estimate: Economy will grow by 1.5 percent in 2014
The Congressional Budget Office said Wednesday that they expect the U.S. economy will grow by just 1.5 percent in 2014, in part because of a poor performance during the first three months of the year.
CBS News – 8/27/2014

ELFA Releases Its MLFI-25 for July
The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $827 billion equipment finance sector, showed their overall new business volume for July was $7.8 billion, up 8 percent from new business volume in July 2013.
Compact Equipment – 8/25/2014

Equipment Leasing Finance Association Releases Reports
It was a good week for the $827 billion equipment financing sector based on a pair of reports from the Equipment Leasing and Finance Association.
Compact Equipment – 7/25/2014

Manufacturing Continues Rebound from Winter Woes
National Association of Manufacturers – 7/23/2014

Federal Reserve plans to end stimulus in October
The Federal Reserve will end its stimulus program in October if US economic growth continues at its current pace, minutes from its June meeting released Wednesday revealed.
BBC News – 7/9/2014