Vancouver's Ainsworth Lumber loses $21.6M in 2009 and $12.4M in Q4.

Vancouver's Ainsworth Lumber loses $21.6M in 2009 and $12.4M in Q4.: "

Ainsworth Lumber Co. Ltd. is reporting its unaudited financial results for the fourth quarter and full year ended December 31, 2009.

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linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

At Saks and TJX, Luxuries and Discounts Rebound

At Saks and TJX, Luxuries and Discounts Rebound: "The companies’ quarterly results could be a snapshot of what retailers are experiencing at opposite ends of the market.




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linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

Imported Aerial Lift Will Be Tallest in North America

Imported Aerial Lift Will Be Tallest in North America: "When it arrives from Europe in July, the first high-reach work platform to join Abilene High Lift Aerial’s fleet will be the tallest of its kind in North America."
linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

Latest NAHB Publication Offers Rare Glimpse into the Financial Records of Builders

Latest NAHB Publication Offers Rare Glimpse into the Financial Records of Builders: "Press Release"
linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

Quiznos Leads List of Retailers Looking to Expand

Quiznos Leads List of Retailers Looking to Expand: "The tide may be beginning to turn when it comes to retailer demand. For the first time in a more than a year, the number of planned openings in the next 24 months has increased."
linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

Citrus Crossing Photo Gallery

Citrus Crossing Photo Gallery
linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

Unemployment Hits 25%

Unemployment Hits 25%: "Construction’s unemployment rate soared to 25% in January, up from 18% the previous year, 11% in 2008 and 9% in 2007, according to the U.S. Bureau of Labor Statistics."
linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

MORE CONSTRUCTION FIRMS LIKELY TO PERFORM STIMULUS-FUNDED WORK IN 2010 AS FUNDING EXPANDS BEYOND TRANSPORTATION PROGRAMS

MORE CONSTRUCTION FIRMS LIKELY TO PERFORM STIMULUS-FUNDED WORK IN 2010 AS FUNDING EXPANDS BEYOND TRANSPORTATION PROGRAMS: ""
linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

Houses might be built on former Ontario dairyland in 2013

Houses might be built on former Ontario dairyland in 2013: "

At this point, the Avenue Specific Plan is just conceptual. But as early as 2013, houses could begin to be built in the former agricultural area in the southern part of the city.

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linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

The Congressional Oversight Panel’s Dour Take on Commercial Real Estate

The Congressional Oversight Panel’s Dour Take on Commercial Real Estate: "

Here’s a 189-page document from the Congressional Oversight Panel on Commercial Real Estate Losses and the Risk to Financial Stability. FT Alphaville has an excellent post summarizing the report that includes some illustrative charts. Check that out or read the full report for yourself below.

The panel is very worried about the financial system’s ability to absorb coming commercial real estate losses. The worries are not so much about this year as about 2011 and beyond. The government has already done a great deal in attempts to backstop the financial system against losses in commercial real estate portfolios. We have TALF and PPIP. Mark-to-market accounting rules have also been relaxed. There are rumblings that the CMBS market is slowly reviving with the first multi-borrower CMBS in two years in the works. Will the commercial real estate financing machine be mended enough in 2011 and beyond to deal with coming expirations? Or is more government action necessary to deal with the losses the report foresees?

Cop 021110 Report

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linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

Transport Sector Sets Rapid Pace

Transport Sector Sets Rapid Pace: "Transportation agencies have been near the front of the pack in getting American Recovery and Reinvestment Act funds out the door. In highways, state depts. of transportation have $16.8 billion in ARRA projects under construction, says David Bauer, American Road & Transportation Builders Association senior vice president."
linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

California Adopts Nation’s First Statewide Green Building Code

California Adopts Nation’s First Statewide Green Building Code: "In a unanimous January 2010 decision, the California Building Standards Commission approved “Calgreen” as the first mandatory statewide green construction code to be adopted in the United States."
linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

Store Closings Could Keep Piling Up Throughout First Half of 2010

Store Closings Could Keep Piling Up Throughout First Half of 2010: "Retail real estate professionals are starting to get a handle on what 2010 will look like in terms of store closings."
linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

Big Island home sales rise sharply

Big Island home sales rise sharply: "Big Island home sales got the year off to a rousing start in January, with two-thirds more homes sold than the same month last year.

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linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

Off the Charts: A Recovery That’s Factory-Built and Gaining Speed

Off the Charts: A Recovery That’s Factory-Built and Gaining Speed: "As more manufacturers report increases in output and new orders, predictions of a slow recovery may turn out to be wrong.




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linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

CONSTRUCTION DRAGS U.S. EMPLOYMENT FIGURES AS 75,000 IN INDUSTRY LOSE JOBS, ONE IN FOUR CONSTRUCTION WORKERS ARE UNEMPLOYED

CONSTRUCTION DRAGS U.S. EMPLOYMENT FIGURES AS 75,000 IN INDUSTRY LOSE JOBS, ONE IN FOUR CONSTRUCTION WORKERS ARE UNEMPLOYED: ""
linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

Strong Federal Energy Policies Could Jumpstart Midwest Manufacturing, Report Finds

Strong Federal Energy Policies Could Jumpstart Midwest Manufacturing, Report Finds: "

Climate Group report concludes aggressive federal clean energy policies could generate billions in additional market revenue and create more than 100,000 jobs in a region whose manufacturing sector has been hard hit by the economic recession.

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linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

Service Sectors Are Growing as Job Losses Slow

Service Sectors Are Growing as Job Losses Slow: "The Institute for Supply Management said that its service sector index rose and that its employment index showed job losses moderating.




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linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

Manufacturing Expanded Last Month

Manufacturing Expanded Last Month: "The January data renewed hope that rising activity at the nation’s factories may help lead the economy out of its downturn.




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linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600

ONLY 4 OUT OF 337 CITIES ADDED CONSTRUCTION JOBS IN 2009 AS CONSTRUCTION SPENDING DROPS TO LOWEST LEVEL IN 6 YEARS

ONLY 4 OUT OF 337 CITIES ADDED CONSTRUCTION JOBS IN 2009 AS CONSTRUCTION SPENDING DROPS TO LOWEST LEVEL IN 6 YEARS: ""
linked to you by Tim McCarthy P.E., Engineered Framing Systems, Inc.,(805) 807-7600