New-house construction hits four-year high

New-home construction in the country climbed to a four-year high, according to data tracked by U.S. Department of Housing and Urban Development.

New housing starts in October were up 3.6 percent over September when construction began on 894,000 new homes.

Even more dramatic, the number of new housing starts is up nearly 42 percent over a year ago in October 2011.

The growth marks the fastest rate since July 2008, according to the Commerce Department.

Building permits, a sign of activity to come, were up 2.7 percent in October over September. And permits jumped nearly 30 percent over the number issued a year ago in October 2011.

The data enforces the growing confidence in the new-home market recovery that U.S. homebuilders are reporting. Confidence among homebuilders just rose to a six-year high, according to the National Association of Home Builders/Wells Fargo builder sentiment index released Monday.

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Caterpillar Unveils First Hybrid Excavator

New-home construction in the country climbed to a four-year high, according to data tracked by U.S. Department of Housing and Urban Development.

Caterpillar Inc. unveiled the first model in its new line of hybrid excavators, the Cat 336E H, at its Mossville Industrial Design Center on Oct. 16 at a special trade press event, "The Next Generation is Here." The new 336E H will be sold and serviced exclusively through the global Cat dealer network following the machine's official launch at bauma 2013 in Munich, Germany.
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Customer Input Drives John Deere to Design New 655K Crawler Loader

The new 655K crawler loader from John Deere was designed and built using significant customer input, to provide contractors a machine that helps increase productivity and uptime and lower daily operating costs. The latest addition to the K-Series line builds on the 755K crawler loader. Both of these models are assembled in Dubuque, Iowa.
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AG CONNECT Expo & Summit
January 29-31, 2013
Kansas City, MO
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World of Concrete
February 5-8, 2013
Las Vegas, NV
Show Link

National Farm Machinery Show
February 13-16, 2013
Louisville, KY
Show Link

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Central Subway Project - San Francisco

Due to begin revenue service in 2019, the Central Subway Project, in San Francisco, will be a 1.7 mile light rail extension of Muni's T Third Line.
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