BIACC     
Building Industry Association of Clark County, Ohio 
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QUICK LOOK AT NEWS THAT IMPACTS OUR ECONOMY AND OUR INDUSTRY!
BIACC NEWS SNIPPETS! 
Updated December 28, 2015

HEALTH:
Nestle's health science division is investing $70 million in a technology center in Bridgewater, NJ, that will be the unit's new U.S. headquarters. 
A study by the Centers of Disease Control found that excessive alcohol consumption cost the U.S. $249 billion in 2010, mostly from lost productivity.
Subway plans to eliminate antibiotics use in all its U.S. meat supplies. ​

 ENERGY:
The U. S. Energy Information Administration predicted in a monthly report that global oil demand should increase by  its fastest rate in 6 years in 2016.
The U.S. announced a more than $20 billion settlement of federal and state claims against BP over its deadly Gulf of Mexico oil spill five years ago.









ECONOMIC INDICATORS:
A new survey found that the average fee consumers pay o withdraw cash from an ATM outside their banks network is a record $4.52 per transaction. ​
Corporate mergers and acquisitions are on track to reach an estimated $3.83 trillion by year-end which would top the previous record set in 2007.
Fair Labor Standards Act  (FLSA) could be published July 2016. 



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COMPANIES ON A ROLL........
 
TRANSPORTATION/COMMERCIAL:
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YEAR TO DATE CONFIRMED OHIO TRAFFIC FATALITIES:
2011 = 991   2012 = 1,096   2013 = 964   2014 = 981 
2015 = 1,023 to date.          
There will be a shortage of nearly 50,000 truckers in the U.S. by year's end, according to a new report by the American Trucking Association.
UPS will raise ground, air and freight rates by about 5%.


NEW BRIDGE AND ROAD CONSTRUCTION IN CLARK COUNTY........................

NEW RESIDENTIAL AND COMMERCIAL WORK IN SPRINGFIELD..............
HOUSING AND COMMERCIAL:
The number of buyers paying cash for U.S. homes since the start of 2014  has increased to one-third of all sales, up from 20% in 2005.