Independent thinking for complex markets and current events
Barely a week after the Industrial Union for Construction, Agriculture and the Environment (IG BAU) called off its strikes on May 28 and agreed a wage settlement, construction companies have announced 10,000 job cuts. German construction industry announces 10,000 job cuts after union cancels strike https://t.co/0ypH5EmHt1 — Gregory A. Butler (@GREGORYABUTLER) June 12, 2024 AC
A construction crew has left the streets in Oakland unpaved over crime in the city. Workers are refusing to continue repaving Oakland unless the city can create a less dangerous working environment. Welcome to the 3rd world. pic.twitter.com/VJUoafZjfi — End Wokeness (@EndWokeness) June 5, 2024 It appears that a construction crew in an East Oakland …
Hires down 50%! RIP Housing: construction job openings implode from 456K to 274K – 182K monthly drop is biggest on record pic.twitter.com/Ox3HbKRPz5 — zerohedge (@zerohedge) May 1, 2024 JOLTs job openings for construction The JOLTs job openings declined by -325K in the month of March. Within that report, there was an oversized decline in the …
Former President Donald Trump visited a construction site in New York City early Thursday morning, before returning to court for his alleged “hush money” trial. CBS New York’s Natalie Duddridge was there for what he had to say.
The Federal Aviation Administration is investigating the manufacturer after Sam Salehpour, a Boeing engineer of more than 10 years, spoke out. https://www.nytimes.com/2024/04/09/us/politics/boeing-787-dreamliner-whistle-blower.html Salehpour said that “the problems stemmed from changes in how the enormous sections were fitted and fastened together in the assembly line.” He added that the components of the fuselage all come from …
The intricate dance of economic indicators has unveiled a story of shifting tides in residential construction spending, mortgages, and job cuts. Let’s delve into the latest data and decipher the narrative. As the residential construction spending spotlight dims, a critical player takes center stage: borrowing. A decline in borrowing echoes across the economic stage, leading …
Authorities say everyone is accounted for but at least twelve people were injured when a building under construction near the Boise, Idaho, airport collapsed. A hangar under construction at an airport in the US state of Idaho collapsed on Thursday, killing three people and injuring nine others, Boise city authorities said. “Three people died on scene, and …
via Mike Shedlock: There’s a recurring claim that the price of rent will decline as soon as the near-record number of housing units under construction are completed. Let’s investigate the claim. Housing units completed from the Census Department, Rent of Primary Residence from the BLS, chart by Mish. The price of rent has gone up …
Anybody surprised that „GDP growth“ based on debt fueled construction of ghost cities, idle airports and vacant skyscrapers doesn’t translate into corporate profits? — Michael A. Arouet (@MichaelAArouet) January 1, 2024 The End Phase of High Levels of Chinese Growth. In the 1980s until about 2000, China led the world in Total Factor Productivity (TFP) …
🚨#BREAKING: Multiple Firefighters are battling massive fire at a apartment complex thats under construction⁰⁰📌#Aurora | #Colorado Currently Multiple firefighters and other emergency personnel are currently at the scene of a significant fire that has erupted at a recently… pic.twitter.com/CnLiWvoqYT — R A W S A L E R T S (@rawsalerts) December 16, 2023
More disturbing news from #Germany. German #Construction #PMI cratered to 36.2 in November, approaching #COVID lows. https://t.co/rwnjssSGh5 pic.twitter.com/Xr82qi8J7y — jeroen blokland (@jsblokland) December 6, 2023 🇩🇪 The HCOB Germany Construction PMI 36.2 Lowest since April 2020!Excluding pandemic, lowest ever! Chart: https://t.co/ow763W0Jf1 #recession pic.twitter.com/8p3Nvnt1e9 — Alex Joosten (@joosteninvestor) December 6, 2023
pic.twitter.com/2Nylq22RzX — Don Johnson (@DonMiami3) October 24, 2023 Here's what that looks like non-indexed. pic.twitter.com/KMME29atJI — Don Johnson (@DonMiami3) October 24, 2023
by TonyLiberty Robots can now build houses faster than humans — Hadrian X can now lay 300 bricks an hour. Hadrian X is the first robot bricklayer that is capable of laying bricks at a speed and accuracy that is comparable to human bricklayers. This has the potential to revolutionize the construction industry by making …
With no materials being delivered, the construction industry could be next to see employment fall off a cliff. The projects that were keeping blue collar workers employed are finishing up and coming to an end with no new projects starting. And then the dominoes continue on… — Modern Day Jedi (@Modern_Day_Jedi) October 15, 2023 PAUL …
US President Joe Biden’s administration is to build a section of border wall in southern Texas in an effort to stop rising levels of immigration. Around 20 miles (32km) will be built in Starr County along its border with Mexico, where officials report high numbers of crossings. Building a border wall was a signature policy …
Meanwhile, PPI for construction materials is up 11% YoY over the last three years, potentially putting more pressure on homebuyers as the demand for new homes continues to increase. https://t.co/rfFs5LNsry — David Sommers (@dgsommersmkts) August 23, 2023 Mortgage rates reached +14.75% in 1979. And then this happened 👀 pic.twitter.com/0ykTQHvNrE — Genevieve Roch-Decter, CFA (@GRDecter) August …
GERMAN INDUSTRIAL PRODUCTION YOY SA ACTUAL -1.7% (FORECAST -0.2%, PREVIOUS 0.82%) $MACRO — FinancialJuice (@financialjuice) August 7, 2023 OUCH! German industrial woes endure as output drops to 6mth low. Industrial output plunged 1.5% in June MoM on the back of weak manufacturing & even weaker construction. In Q2, output almost completely gave back the gains …