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November 10, 2012 • Vol. IXX • No. 23 • 470 Maryland Drive • Ft. Washington, PA 19034 • 215-885-2900 • Toll Free 800-523-2200 • Fax 215-885-2910
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Inside
Homebuilders Remain Certain in Six-Year High By Alex Veiga AP REAL ESTATE WRITER
Lambeau Field Hosts Press Event...10
In addition to paving work, the circuit for the 2013 Chevrolet Detroit Belle Isle Grand Prix is being modified to enhance competition. Cat Int roduces New Technologies...14
Organization Paves Way for IndyCar Racing’s Return By Lori Lovely CEG CORRESPONDENT
Stu dents To ur Murphy Tra ctor Fa cili ti es.. .20
Table of Contents ....................4 Attachment Section ........37-43 Snow & Ice Section..........45-49
After a three-year absence, IndyCar racing returned to Belle Isle last June, but a triumphant return was marred when the Detroit Grand Prix was red-flagged for two hours to repair two sections of the circuit after the track began to fall apart. Fans watched at the track and on live TV while crews scrambled to fill holes and replace long strips of synthetic rubber that had come loose. Once the temporary fix was completed, only 60 of the scheduled 90 laps were complet-
ed, due to time constraints. After the race, the Chevrolet Detroit Belle Isle Grand Prix, a 501(c)3 organization and subsidiary of the Downtown Detroit Partnership, conducted an engineering evaluation of the circuit to determine the extent of the repairs needed. “The concrete broke at the joints,” said Gary Baise, operations director. “It had been neglected.” A deluge of rain and water pressure from the Detroit River caused the concrete to fail, Baise said. Core samples revealed that no sealer had see INDYCAR page 34
LOS ANGELES (AP) Confidence among U.S. homebuilders remains at its highest level in six years, reflecting improved optimism over the strengthening housing market this year and a pickup in visits by prospective buyers to builders’ communities. The National Association of Home Builders/Wells Fargo builder sentiment index released Oct. 16 rose to 41 this month, up from 40 in September. That’s the highest reading since June 2006, just before the housing bubble burst. Any reading below 50 indicates negative sentiment about the housing market. The index hasn’t been above 50 since April 2006, the peak of the housing boom. The gauge of current sales and builders’ outlook on sales over the next six months remained unchanged from September’s reading. But a measure of traffic by prospective buyers rose 5 points to 35, the highest level since April 2006. The survey is based on responses from 400 builders. It has been trending higher since last October, when the reading stood at 17. The index sank to 8, its lowest point dating back to 1985, in January 2008. Recent housing data continue to point to see HOMES page 54
Recycling Section ............55-71 Business Calendar ................76 Truck & Trailer Section ...79-87 Auction Section................91-99 Advertisers Index ................102
Takeuchi Completes Agreement With Terex Takeuchi Manufacturing (U.S.) Ltd. announced the completion of a new supply agreement with Terex Construction for the supply of eight new models of Takeuchi branded skid steer loaders.
This agreement will provide Takeuchi with a comprehensive range of high specification, high performance, vertical and radial lift skid steers loaders to complement its existing line of compact equipment. Takeuchi’s current distribution
and support channels will handle sales, rental and parts supply and customer support needs for the new skid steer loaders. “Takeuchi is dedicated to meeting the changsee AGREEMENT page 100