EarthMaterials™ NEWS

New York, New York - Mass Timber Advances, Basement apartments get overhaul. The New York City Council approved changes to the city's building code on Thursday, October 7, allowing for the construction of cross-laminated timber (CLT) structures throughout the five boroughs (up to 85 feet). This may not seem like a significant change in a city…

United States Of America - A BYLT:™ survey of asphalt plants located in Boston, Rhode Island, Connecticut and California reported that plants have a steady supply and prices ranged from $80-$98 per ton of HMA. Despite increases in raw materials and port bottlenecks on all coasts asphalt prices have remained steady for the end user contractor. …

United States Of America - Lumber prices on CME Futures board were down 4% today after being 70% higher then its August low. On Tuesday evening, US stock futures drifted lower following a lackluster session and as investors awaited key earnings and inflation data. Dow futures fell 60 points, while S&P 500 and Nasdaq 100 futures fell 0.22…

Washington DC - The Payroll Report from the BLS was far from optimistic across the board undermining the theory if unemployment benefits were cut payrolls would rise. Although the Nation as a whole saw a report that was far less then predicted the AEC related segments show promise. Segments in the construction related indicators compiled by…

United State of America - Over the last year lumber prices have been the most volatile construction material of all time. The effects of lumber have caused problems never seen before by a whole generation of builders. Demand will continue to grow consistently as America attempts to fill the 6 million homes needed for Americans. Until wood is…

Las Vegas, Nevada - CAT® had a showstopper at MINEEXPO 2021 this year in Las Vegas. CAT ® brought its show piece, the new all electric drive, D11 XE. Its largest dozer on the market and first prototype ever utilizing electric drive. Caterpillar® 's new prototype electric drive dozer is the most productive and fuel-efficient dozer the company…

Oshkosh, Wisconsin - Oshkosh Corporation (NYSE: OSK), a market leader in mission-critical vehicles and essential equipment, and Carnegie Foundry, a Pittsburgh-based robotics and artificial intelligence (AI) venture studio, announced today a strategic partnership and an investment by Oshkosh Corporation in Carnegie Foundry to accelerate innovation…

Pittsburgh, Pennsylvania — An exploratory site selection process for the construction of a new state-of-the-art mini mill in the United States was announced today by United States Steel Corporation (NYSE: X), which is a part of the company's ongoing transition to its Best for All℠ strategy. It has been authorized by the United States Steel…

Shandong, China - Asphalt Bitumen continues to be a work around import in China. S&P Global reports Canadian "oil sands" are now a goto option of import to China. Sources from S&P state in August, Canadian oil sands were made available to independent refiners in order to economize on taxes and quotas. -Oil sands are imported as natural…

SIOUX FALLS, S.D., U.S.A. -Using ecologically friendly, farmer-grown soy-based sealant, the South Dakota Soybean Research & Promotion Council (SDSRPC) collaborated with the City of Sioux Falls to construct longer-lasting roads. The weather of South Dakota makes it difficult to keep concrete roads in good condition. PoreShield is a soy-based…

Washington, DC - US futures rose on Monday, attempting to recover from last week's massive losses, which saw the S&P 500 post its worst performance since June and the Nasdaq post its worst performance since July. Traders continue to analyze evidence of slowing growth in the face of the spread of the coronavirus delta variant, uncertainty…

Bylt Construction News Alert Economic Data Reporting Release Dates Wednesday, September 9, 2021 MBA 30-Year Morgage Rate - Previous 3.03%MBA Mortgage Applications - Previous -2.4%IBD/TIPP Economic Optimism - Previous 53.6JOLTs Job Openings For July - Previous 10.073M , Forecast 9.9MAPI Crude Oil Stock Change - Previous -4.045M …

Milford, Connecticut - As construction budgets have blown up the past year and half we are releasing details on a new cost modeling and value-engineering investigatory report performed by AGGRECOST™ . The modeled construction project was a affordable multi-family housing project commissioned by CHFA (Connecticut Housing Finance Authority)…

On Thursday, August 12, the US Bureau of Labor Statistics published its Consumer Price Index (CPI) and Producer Price Index (PPI) reports for July 2021. The high inflation currently experienced in the US is not evenly distributed among all products and services. The latest price increases can be attributed in great part to the energy industry,…

Washington D.C., United Stated Of America- Lumber prices continue on a volatile summer downward trend, reaching $490 this morning for September deliveries. This would translate into wholesale price levels of forward priced projects of $550-650 and in addition plywood panels have been trading at the $850 range or near a $1000-1200 wholesale forward…