EarthMaterials™ NEWS

On Monday 29, the Biden Administration announced several actions to support the offshore wind power industry, which include installing 30 gigawatts of capacity by 2030. This is enough generation capacity to meet the electricity needs of 10 million US homes, while preventing the emission of 78 million metric tons of carbon dioxide. This initiative…

President Biden held his first press conference on Thursday 25, announcing that the $3-trillion infrastructure plan will be unveiled next week during his visit to Pittsburgh. However, he hinted at what the plan will contain, and transportation infrastructure will have high priority, especially roads and bridges. Mr. Biden also mentioned plans to…

The US economy is recovering quicker than expected, according to Federal Reserve Chairman Jerome Powell, but he believes there is still a long way to go. Unemployment is one of the main challenges, and there are 10 million jobs less than before the COVID-19 pandemic. In order to stimulate the US economy, the Federal Reserve decided to leave the…

The High Speed 2 project focuses on sustainable construction methods, which include the use of recycled wind turbines to make reinforced concrete. HS2 is a major railway project in the UK, which will connect 10 of the largest British cities and a population of 30 million. The ambitious project will consist of 343 miles of railways connecting more…

BRIEF OPPORTUNITY FOR SOME CONSTRUCTION CONTRACTORS As most March contracts ended Tuesday it offers a short term window into lower forward pricing for most commodity based construction materials after seeing record highs on lumber Monday and the quarter. News from builder sentiment being lower for home building also adding to lower levels.…

On Wednesday March 10, the House of Representatives approved the American Rescue Act of 2021, which is also known as the COVID-19 relief package. The bill has many measures that will help the American economy recover from the pandemic, which include employment incentives and a dedicated budget for the construction industry. The Covid-19 relief…

As if we do not have enough concerning trends to watch and forecast there is now also tremendous port of entry backlogs. Freight ships are scattered throughout the outskirts of major ports. Unloading and logistics are strained and running overtime.

Skyrocketing Lumber. According to AGGRECOST's analysts suggest that home sales and price in the United States have no indication of subsiding. Tremendous backlog demand of project in the "hold'' position have to be built and waiting for prices to subdue as an option is fading quickly.

The new dishwasher line, together with production increases in other product categories, will add more than 280 new jobs at Appliance Park LOUISVILLE, Ky. – December 14, 2020 – GE Appliances (GEA), a Haier company, announced the startup of its latest investment – a new $80 million dishwasher manufacturing line at its supersite in Louisville,…

Amongst the chaos which has encapsulated the year of 2020, home builders and American home buyers appear to have a bright future of affordability laid out for them. With the heightened pricing of lumber, the U.S. Commerce Department has decided to slash the amount of Canadian lumber shipments coming into the United States from 20% down to 9%.  …