Tag Archive for 'contractors'

DEWALT® Introduces New 4-in-1 Multi Functional Utility Bar

e8c7b192e4b0e5d3514471ab_1280x196DEWALT® introduces the new Multi-Functional Utility (MFU) Bar eliminating the need for multiple tools on the jobsite. Available in two sizes, the DEWALT® 30” and 40” MFU Bar is ideal for ripping, striking, prying, and scraping applications for renovators, deck builders, and contractors alike.

The MFU Bar features a hardened striking surface manufactured with 7/8” tri-lobe stock for durability, a gooseneck head for board grabbing, and an extra-wide pry end designed with precision ground edges.  While the MFU Bar can be used for prying applications, it also makes adjusting boards in the floor or a wall a simple task by providing a pivot leverage point, giving the user a mechanical advantage. The angled foot at the bottom of the MFU Bar also offers leverage while scraping or lifting during the demolition process. The nail puller located at the bottom of the bar helps remove stubborn nails with ease.


The 30” DEWALT® Multi-Functional Utility Bar – model DWHT55292 – retails for approximately $24.98 and the 40” DEWALT® Multi-Functional Utility Bar – model DWHT55293 – retails for approximately $29.98.


DEWALT is a leading manufacturer of industrial corded and cordless power tools, power tool accessories, and hand tools in categories that include Woodworking, Drilling & Fastening, Concrete & Metal Power Tools, as well as Cutting, Abrasive, and IMPACT READY® Impact Driver Power Tool Accessories. Hand Tool categories include Measuring & Layout, Knives & Blades, Mechanics Tools, and Storage Solutions.

With seven manufacturing locations in the USA, DEWALT remains committed to domestic manufacturing and produced approximately 62 million individual units of Power Tools, Hand Tools, and Accessories in the United States with global materials in 2015 alone.

For more information visit: http://dewalt.com/

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Wells Fargo Reports: Existing Home Sales Gain in March

Wells_Fargo_Securities_logoOn the heels of a modest decline in February, existing home sales posted a 5.1 percent pickup in March. Inventory levels continue to report slight gains, which may help provide a lift to sales this spring.

Good First Quarter in the Books

  • Existing home sales rose 5.1 percent in March to a 5.33 million- unit rate, recouping the majority of February’s loss. While the month-to-month data tend to be more volatile, on a year-to- date basis, existing home sales are running 5.6 percent above their year-ago level.
  • The pickup in sales was led by large gains in the Northeast and Midwest, which rose 11.1 percent and 9.8 percent, respectively.

Even With Recent Gains, Inventory Remains Lean

  • The months’ supply of existing homes increased for the third consecutive month to 4.5 months and total inventory of existing homes available for sale rose 5.9 percent to 1.98 million units. While the pickup is encouraging, supply levels remain lean.
  • We look for existing home sales to rise roughly 4 percent by year- end 2016, as low mortgage rates and strengthening employment conditions are likely to support sales in the coming quarters.

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Wells Fargo Reports: Housing Starts Pull Back in March

Wells_Fargo_Securities_logoHousing starts tumbled 8.8 percent in March to a 1.09 million-unit rate, led by a 9.2 percent decline in single- family starts. Building permits also slipped on the month and are now running in line with the pace of starts.
Homebuilding Slows in March
• On the heels of February’s unseasonably large 6.9 percent gain, • housing starts fell 8.8 percent in March to a 1.09 million-unit pace. Weakness was broad based as both single and multifamily starts reported declines. Permits also slipped on the month, falling in line with the pace of starts.
• Despite the dip in building activity, on a year-to-date basis, single-family starts are up 22.2 percent.
Completions on the Rise
• The supply of new homes coming to the market has improved, as the number of homes completed and under construction both reported gains in March. This strengthening trend bodes well for new home sales, which have been held back by tight inventories.
• The housing market seems relatively well positioned heading into the spring home buying season. We expect housing starts to gain momentum in the year ahead, and cap 2016 up 11 percent.

Housing Starts Pull Back in March Housing Starts Pull Back in March Housing Starts Pull Back in March Housing Starts Pull Back in March

ABC Reports: Nonresidential Spending Slip in February No Cause for Alarm

NRNonresidential construction spending dipped in February, falling 1.4 percent on a monthly basis according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Spending in the nonresidential sector totaled $690.3 billion on a seasonally adjusted, annualized basis in February. While this represents a step back from January’s figure of $700.3 billion (revised down from $701.9 billion), it is still 1.5 percent higher than the level of spending registered in December 2015 and 10.1 percent higher than February 2015.

“February’s weather was particularly harsh in certain parts of the country, including in the economic activity-rich Mid-Atlantic region, and that appears to have had an undue effect on construction spending data,” said ABC Chief Economist Anirban Basu.  “February data are always difficult to interpret, and the latest nonresidential construction spending figures are no different. Seasonal factors have also made state-level data very difficult to interpret.

“Beyond meteorological considerations, there are other reasons not to be alarmed by February’s decline in nonresidential construction spending,” said Basu. ”Today’s positive construction employment report indicates continued economic growth. Moreover, much of the decline in volume was attributable to manufacturing, but the ISM manufacturing index recently crossed the threshold 50 level, indicating that domestic manufacturing is now expanding for the first time in seven months.”

Eight of the sixteen nonresidential subsectors experienced spending decreases in February, though almost half of the total decline in spending is attributable to the 5.9 percent decline in manufacturing-related spending.

The following 16 nonresidential construction sectors experienced spending increases in February on a monthly basis:

  • Spending in the amusement and recreation category climbed 0.4 percent from January and is up 13.7 percent from February 2015.
  • Lodging-related spending is up 0.4 percent for the month and is up 30.1 percent on a year-ago basis.
  • Water supply-related spending expanded 1.9 percent on a monthly basis and 3.2 percent on a yearly basis.
  • Spending in the office category grew 3.8 percent from January and is up 25.3 percent on a year-ago basis.
  • Transportation-related spending expanded 0.5 percent month-over-month and 5.8 percent year-over-year.
  • Health care-related spending expanded 2 percent from January and is up 3.3 percent from February 2015.
  • Public safety-related spending is up 1.8 percent for the month, but is down 5.3 percent for the year.
  • Commercial-related construction spending inched 0.1 percent higher for the month and grew 11 percent for the year.

Spending in eight of the nonresidential construction subsectors fell in February on a monthly basis:

  • Educational-related construction spending fell 2.4 percent from January, but has expanded 8.5 percent on a yearly basis.
  • Communication-related spending fell 15 percent month-over-month, but expanded 11.8 percent year-over-year.
  • Spending in the highway and street category fell 2 percent from January, but is 24.5 higher than one year ago.
  • Sewage and waste disposal-related spending fell 2.4 percent for the month, but is up 2.3 percent for the year.
  • Conservation and development-related spending is 4.6 percent lower on a monthly basis and 16.8 percent lower on a year-over-year basis.
  • Spending in the religious category fell 4 percent for the month and is up just 0.7 percent for the year.
  • Manufacturing-related spending fell 5.9 percent on a monthly basis and is up only 0.8 percent on a yearly basis.

Spending in the power category fell 0.6 percent from January, but is 4.8 percent higher than one year ago.


AEM Director Questions Kasich on Trade at CNN Town Hall

AEM_logo_wo_cmykDennis Slater, the president of the Association of Equipment Manufacturers (AEM), issued the following statement after Tuesday’s Republican presidential town hall on CNN in Milwaukee.

During the town hall, Jim Walker, Vice President of Case IH North America, asked Ohio Gov. John Kasich about pro-manufacturing trade policy.
Slater said:

I join our hundreds of AEM member companies in applauding Jim Walker for using Tuesday’s town hall as an opportunity to help focus Wisconsin voters and a nationwide audience on the manufacturing issues that will matter on Tuesday in the Wisconsin primary. Trade is one of the many manufacturing issues at stake this Tuesday, along with taxes and regulation, infrastructure and a strong agricultural sector.

Our goal this election season has been to consistently communicate equipment manufacturers’ perspectives toward these issues to candidates, communities and tens of thousands of grassroots manufacturing voters across the country. I’m hopeful that Jim’s exchange lent them some clarity in determining their vote this election season.

Jim Walker, an AEM Director who serves as chair of AEM’s Ag Sector Board, added:

I’d like to thank both CNN and AEM for the once-in-a-lifetime opportunity to participate in Tuesday’s town hall. I wanted to ask Gov. Kasich about trade because, as someone who works for an equipment manufacturer, I see how this issue and many of the other issues we’ve heard about on the campaign trail actual play out in the real world.

I would like to thank Gov. Kasich for taking the time to offer his thoughts, and I hope that Wisconsin’s manufacturing voters found it helpful in determining their vote on Tuesday.

Walker’s question to Kasich was:

I represent a manufacturer, farm equipment manufacturer, here in Wisconsin that directly employs many thousands of people. Indirectly, as you can imagine, with farm equipment that we sell, we indirectly support many more thousand farmers who buy our equipment. On top of that we export about a third of our product that we manufacture here in essence. So in essence, we’re a global manufacturing company.

To spark a trade war right now would not only be detrimental to business, but all of those people directly and indirectly that I said we support.

My question to you is, as president, how would you engage in diplomacy that won’t hurt global manufacturing businesses?