AED News

Manitou Unveils Its New Business Strategy and Organizational Alignment

April 28, 2014 3:58 pm

Michel Denis, president and CEO of Manitou recently presented a new roadmap for the Manitou Group that includes organizing into three divisions; two product divisions and a service division. 

“This strategy will firmly focus on the value provided to our customers, while strengthening our leadership, growth and profitability. The new organization will offer a positive operating impact while benefiting our customers with a less complex as well as a more responsive organization,” said Denis.

The MHA Material Handling and Access product division manages the French and Italian production sites manufacturing telehandlers, rough-terrain and industrial forklifts, truck-mounted forklifts and aerial working platforms. Its mission is to optimize the development and production more »

Hardhats (and Baseball Caps) for Highways Webinar: How You Can Get Involved

April 28, 2014 3:57 pm

AED, along with our construction industry partners, is participating in the Transportation Construction Coalition’s (TCC) Hardhats for Highways (H4H) campaign. The campaign is hosting a free webinar on Monday, May 5, 2014, from 2-3 p.m. EDT to discuss how individuals can get involved, the tools available for success, and real-life examples of industry H4H efforts.
 
The focus of the campaign is to deliver hardhats to congressional offices with H4H stickers detailing the construction jobs at risk if the highway program collapses. To put an equipment industry spin on the effort, AED members are encouraged to deliver baseball caps with company logos to lawmakers and congressional staff highlighting the more »

Tiberi Introduces Legislation to Permanently Increase Sec. 179 Levels

April 28, 2014 3:57 pm

On April 10, Ways & Means Committee Select Revenue Subcommittee Chairman Pat Tiberi (R-Ohio) introduced the America’s Small Business Tax Relief Act (H.R. 4457) to permanently increase Sec. 179 expensing levels.
 
Under current law, beginning in 2014, a taxpayer may immediately expense up to $25,000 of Sec. 179 property annually, with a dollar-for-dollar phase-out of the maximum deductible amount for purchases in excess of $200,000. H.R. 4457 would permanently increase the maximum amount and phase-out threshold to the levels in effect in 2010 through 2013 ($500,000 and $2 million respectively).
 
Additionally, the proposal includes adjustments for inflation, repeals the exclusion of air-conditioning and more »

Housing and the Economy to Continue on an Upward Path, Economists Say

April 25, 2014 4:12 pm

A growing economy, pent-up demand, competitive mortgage rates and affordable home prices will keep housing on an upward trajectory through 2015. However, several obstacles including tight consumer credit, shortages of lots and labor and rising materials prices are hindering a more robust recovery, according to economists who participated in the April 23 National Association of Home Builders (NAHB) 2014 Spring Construction Forecast Webinar.

“Housing needs an improved economy,” said NAHB Chief Economist David Crowe, adding that the economy is expected to respond as payroll employment continues to grow and the unemployment rate slowly recedes from 6.7 percent in the first quarter of this year to 6.2 percent by the fourth quarter more »

EPA and Army Corps Propose to Expand Clean Water Act Jurisdiction

April 25, 2014 4:12 pm

On April 21 the Environmental Protection Agency (EPA) and the U.S. Army Corps of Engineers published aproposed rule that aims to clarify the definition of “waters of the U.S.” under the Clean Water Act which wouldsignificantly expand federal control of land and water resources across the nation – creating additional permitting and regulatory requirements. The public has until July 21 to submit written comments on the proposed rule.

EPA recently released a draft scientific report on the connectivity of water that is intended to guide the proposed rule. As part of the Waters Advocacy Coalition, ABC submitted comments on the report stating it provides no scientific support to more »

Architecture Billings Index Mired in Slowdown

April 25, 2014 4:11 pm

Following a modest two-month recovery in the level of demand for design services, the Architecture Billings Index (ABI) again turned negative last month. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to 12-month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the March ABI score was 48.8, down sharply from a mark of 50.7 in February. This score reflects a decrease in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 57.9, up from the reading of 56.8 the previous more »

More Than Half of States Show Improving Housing Markets

April 25, 2014 4:10 pm

Freddie Mac released its Multi-Indicator Market Index(SM) (MiMi(SM)) for February April 23, showing the U.S. housing market overall recovering at a slightly slower pace from the previous month. However, more than half of all states, as well as more than half of the top 50 metro areas, continue to show an improving trend. Eleven states and the District of Columbia, and four metro areas, are in their stable range of housing activity, unchanged from last month. One year ago, seven states and the District of Columbia, and zero metro areas, were in their stable range.

News Facts:

  • The national MiMi value stands at -3.11 points more »

New-Home Sales Down in March

April 25, 2014 4:09 pm

Sales of newly built, single-family homes fell 14.5 percent to a seasonally adjusted annual rate of 384,000 units in March, according to data released last week by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

“We keep hearing from our members that tight credit conditions are preventing many first-time buyers and younger families from being able to buy a home,” said Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del. “Congress must outline a clear policy on housing finance so that qualified buyers can get home more »

Ditch Witch Dealerships Awarded 2013 Crescent Club Top 10 Membership

April 25, 2014 4:09 pm

The Ditch Witch organization is proud to announce the 2013 Crescent Club Top 10 membership roster. This is the highest dealership honor.

“This award recognizes the top Ditch Witch dealerships’ teams dedicated to providing customers the application expertise, service, and products needed to help them be more productive with their time,” said Tiffany Sewell-Howard, chief executive officer, The Charles Machine Works, Inc. manufacturer of Ditch Witch products. “We’re in this together with our customers and our Crescent Club Top 10 dealership members exemplify that commitment.”

The 2013 Crescent Club Top 10 members are:

Housing Starts Rise 2.8 Percent in March

April 21, 2014 4:22 pm

Led by a 6 percent rise in single-family starts, nationwide housing production rose 2.8 percent above an upwardly revised February rate of 920,000 to a seasonally adjusted annual rate of 946,000 units in March, according to newly released figures from HUD and the U.S. Census Bureau.

“We see improving signs of new-home construction as we move into the spring buying season,” said Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del. “The strongest recovery is in the Northeast and Midwest, where builders were hampered by severe winter weather earlier in the year.”

“Today’s report is in line with our more »

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