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® January 6 2010 Vol. XLVIII • No.1
“The Nation’s Best Read Construction Newspaper… Founded 1957.” 470 Maryland Drive • Ft. Washington, PA 19034 • 215/885-2900 • Toll Free 800-523-2200 • Fax 215/885-2910 • www.ConstructionEquipmentGuide.com
Inside
Homes, Roads Positive Spots in 2010 Outlook
Milton CAT Hosts ‘Grade Us’ Event...34
By Pete Sigmund CEG EDITORIAL CONSULTANT
Schlouch Inc. Enjoys Increase in Jobs...42
Riverbend District, which will feature approximately 2,000 for sale or rental residential units, two hotels with a total of 550 rooms, 800,000 sq. ft. of retail, which will include large format retailers, cinema, arts, and entertainment tenants, and a wellness center and health club, as well as multiple restaurants and cafes. In addition, the project will include 1.5 million sq. ft. of corporate and boutique office space.
Sizable growth in new construction of single-family homes and a high level of construction of roads and bridges are positive expectations for 2010 as the industry and the nation hope for a stronger economic recovery from high unemployment, foreclosures, bankruptcies and other continuing myriad problems. Economists interviewed by Construction Equipment Guide (CEG) are anything but sanguine but they see rays of light amid the encircling gloom. “We expect about 610,000 single-family housing starts in 2010, compared with about 443,000 starts in 2009,” said Bernard Markstein, vice president, economic analysis and forecasting of the National Association of Home Builders (NAHB) in Washington, D.C. “We will see definite improvement in the first and third quarters and then again by year-end. I predict a slow recovery back to normalcy, which is 1.5million starts per year, over the next 10 years.” Markstein said the homeowner tax credit
see RIVERBEND page 28
FORECAST see page 8
A former brownfield located in Harrison, N.J., is in the process of rebirth as a mixed-use urban development, intended to serve one of the most thickly populated areas in the northeastern corridor.
Riverbend District Receives Extensive Urban Makeover By Mary Reed CEG CORRESPONDENT
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Table of Contents ............4 Truck & Trailer Section .... ..................................55-59 Crushing, Screening & Recycling Section ....63-81 Parts Section ................99 Business Calendar ......105 Auction Section ..105-120 Advertisers Index........118
A former brownfield located in Harrison, N.J., is in the process of rebirth as a mixed-use urban development, intended to serve one of the most thickly populated areas in the northeastern corridor. Advance Realty, headquartered in Bedminster, N.J., is the owner/developer of the 80-acre
Ten Survival Strategies for a Tough Economy By Thomas Houck SPECIAL TO CEG
Jim is a small business owner who’s been watching the economy evaporate in front of his eyes. Stress isn’t the word to explain how he feels. With his wife staying at home to raise their youngest child, his business bears the entire financial burden of funding their mortgage and lifestyle. If the slowdown continues, not only will his nightly tossing and turning get worse,
but he may also have a full-blown nervous breakdown. Jim is fortunate to have a neighbor, Ken, who helps small business owners lead better lives by running better businesses. Since his business had gone so well for the past 10 years, Jim never felt he needed a consultant. Until now. His gracious neighbor Ken offered Jim two hours of his time gratis to share the “Top 10 Survival Tactics in a Tough Economy”:
• Cash flow is king As a small business owner, you must know how your cash flows. This isn’t fancy accounting; it’s simply tracking how cash comes in versus how it goes out. Take two hours, and use your QuickBooks or check register to get a grasp of this monetary movement. see SURVIVAL page 30