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Archive for September, 2012

September 2012

Posted by nahetsblog on September 28, 2012

The five largest equipment manufacturers have seen a big increase in the sales of mining equipment,I am sure this has to do with the price of gold,gold is still over $1500 per ounce,that is more than twice the price three years ago,when gold was selling for 600 dollars per ounce their were a lot of mines that were forced to shut down,with current extraction techniques and modern equipment lots of the mines that were shut down five years ago are now very profitable.

Verisk Crime Analytics has started a national information bank,to help lesson the amount of equipment thefts and to increase the number of stolen pieces recovered,the information bank is going to help the insurance companies,policy holders and law enforcement.

The city of Saskatoon,Canada in partnership with their local community college started a heavy equipment training program,after one year they were proud to announce that they had graduated 8 students and 7 of them had gone to work,,,,,,,, I am not sure that was worth bragging about,the " Black Sands of Alberta" oil fields currently is in need of 75,000 people to fill current to openings,and that is just to get to 75 % capacity,any Canadian who has the job skills and is willing to live in Alberta has at least one job waiting for them as soon as they get their,that cannot be said of their big brother to the south,Canadian nationals get precedence over all others, after looking at the job application on the net I got the impression you could get a Presidential appointment and Senate conformation for a cabinet post with less work and documentation that they require.

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SEPTEMBER 2012

Posted by nahetsblog on September 27, 2012

Home builder index hits six-year high,confidence among U.S. home builders rose in August to its highest level in the last six years,and is expected to strengthen over the next six months.Wells Fargo and the National Association of Home Builders said the index increased to 40 , it was at 37 that is the highest it has been since June 2006.Builders reported seeing the best sales since May 2006. This trend will help bolster the optimism that the U.S. housing recovery will endure.Sales of both new and previously occupied homes are running ahead of 2011,the median price has inched up slowly probably because the inventory of foreclosuers have eased.Even though new home sales represent only 20 percent of all home sales they have a huge effect on the economy.

According to the Bureau of Labor Statistics local construction continues to grow,San Diego county and Sacremento are the two areas that have seen the largest increase in construction employment.Most of the construction employment in San Diego county is publically funded currently their is 2 high schools,library and one billion dollars in highway public transportation going on.

Fewer homes means the prices are going up,with interest rates lower than they have been in decades hopefully the rebound will start to speed up.The national median existing home price is now over 187,000 dollars,that is an increase of 9.5 percent over the median price from one year ago.With a little raise in the median their are buyers now who were waiting for the price to bottom out before they made their purchase,this is good news for the sellers.

Caterpillar has forcasts their sales by 2015 to hit 90 billion dollars with profits around 15 dollars per share. Some of that optimism comes from the announcement from China that they were going to repair and update all of their interstate highways and airports over the next ten years and that modernization would cost a trillion dollars,that is a lot of work , that is 20 times more than it cost to build the the Three Gorges Dam and that project was the largest man made project ever built by man.

The construction equipment shipments to southeast Asia is by U.S. factories has gone up each of the last three years,the second quarter of 2012 was 7% above the same period last year.

Associated General Contractors announced that out of the 337 largest metropolitan areas 123 of them increased construction employment , 49 of them remained stagnant,this is according to Federal Employment Data,the three areas that had the largest increase were Denver,San Diego and Corpus Christi,TX.The Employment Development Department stated that their were 40,800 jobs added in July and August 2012

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