Bohemia, NY (PRWEB) April 09, 2013
On April 9, Bay Fastening Systems reacts to news that spending on US construction projects in February rose by 1.2%.
According to Time Business, the 1.2% increase in US construction spending during the month of February was mainly attributed to a rise in single family home construction, which increased by 4.3%. The increased demand for homes has also helped drive prices up. According to the article, in February, “U.S. homebuilders requested permits for future construction at the fastest pace in 4 1/2 years. And they started to build single-family homes at the fastest pace in that time period.”
Construction spending levels rose for the first time in five years during 2012, and the article reports that 2013’s spending levels appear to be strong as well. Office, health care, public, and state and local construction spending also increased during February. As more buildings are being constructed, the demand for building materials rises as well. The blind rivet, which can be used to secure doors, windows, roofing and gutters, is one example of an item used in the construction of buildings.
“We are encouraged by news that construction spending in the US has risen,” says Richard Hughes, a Bay Fastening Systems Sales Manager. “An increase in construction spending can help provide a boost to the economy. Here at Bay Fastening Systems, our team is eager to supply builders with the highest quality rivets, lock bolts and tools as they work on constructing new buildings in the US.”
Bay Fastening Systems is a full service distributor of engineered fastening systems that include Blind rivets, drive rivets, solid & semi-tubular rivets, military spec rivets, Lock Bolts, Inserts and specialized installation systems. Founded in 1962, Bay Fastening Systems has become a leader in the fasteners industry through its continuing commitment to quality service, deep product knowledge and consultation, and an easy ordering process.