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Tag: construction economy


Construction Processes, Financial

Report: Most construction ESOPs not significantly impacted by pandemic

February 12, 2021

Via: Construction Dive

A standard ESOP will see existing stockholders sell all or some portion of their shares to the program for allocation to employees. Qualifying employees are allocated shares according to their part of total payroll. The vesting period (the time an […]


Construction Processes, Financial

69% of construction firms struggling to fill hourly craft positions

March 21, 2017

Via: Construction Dive

As a result of the ongoing labor shortage, 48% of surveyed companies said they have increased pay for hourly craft workers, 48% have ramped up in-house training, and 47% have added more overtime hours. One of the most concerning results […]


Construction Processes, Financial

Construction adds 14K jobs as employers boost wages, weekly hours amid labor shortage

November 18, 2016

Via: Construction Dive

According to BLS data, nonresidential specialty trade contractors saw the most month-over-month growth, adding 8,900 jobs (3.3%) since June, while residential specialty trade contractors had the biggest year-over-year surge at 5.1% (90,700 jobs). In fact, the remaining BLS categories of […]


Construction Processes, Financial

Construction Starts in June Drop 7% Nationwide

July 29, 2016

Via: ENR

New construction starts in June decreased 7% from the previous month to a seasonally adjusted annual rate of $595.1 billion, according to Dodge Data & Analytics. The nonbuilding construction sector (public works and electric utilities) fell sharply after being lifted […]