Tag: finance

April 10, 2017

The slowdown in construction employment growth follows a strong showing in the first two months of 2017, which notched almost 100,000 combined new jobs and set a record in February for the strongest recorded level since March 2007. After averaging […]

April 5, 2017

It’s always tempting to sell to the masses, but if you don’t define your best construction customer, it will cost you. It will cost you time as you spin your wheels trying to get sales traction with people who are […]

April 4, 2017

The seasonally adjusted annual rate of construction spending for February 2017 was estimated at $1,192.8 billion, per the latest report from the U.S. Census Bureau. This is the highest it has been since April 2006 when the annual rate was […]

December 13, 2016

The joint venture prime contractor that built the new $230-million T-Mobile Arena outside Las Vegas is suing over a construction insurance wrap-up program gone wrong, arguing that its broker promised cost savings and profits that never materialized. Hunt Construction Group […]

December 12, 2016

The residents who live along Genesee Avenue, across from La Jolla Country Day School, haven’t been getting much sleep lately, and when they do wake up they’re dismayed to find their cars covered in dust. Preliminary work for the Mid-Coast […]

December 8, 2016

The $2.5 billion redevelopment of the Century Plaza Hotel secured its construction financing. The roughly $1 billion in dough came from a consortium led by a $446 million senior loan from J.P. Morgan Chase, $120 million in mezzanine financing from […]

November 28, 2016

Washington, D.C.’s NoMa (North of Massachusetts Avenue) neighborhood is the most active in the city for construction activity as developers turn the formerly light industrial area on the city’s northeast side into a hive of mid-rise office towers, apartments and […]

November 21, 2016

The PCEP marks Balfour Beatty’s largest undertaking in the U.S. and, according to The Financial Times, should help the contractor overcome recent losses in its UK segment, reportedly due to low bids and mismanagement. Balfour Beatty CEO Leo Quinn said […]

November 11, 2016

While many homeowners are revamping their digs to build value or to meet their changing needs, potential sellers are also taking a fresh look at their homes for quick remodels that can boost their asking prices. Home renovation projects are […]

November 10, 2016

Global professional services consultancy Procorre has located five areas where the construction market will increase to $17.5 trillion by 2030. These are the United Kingdom, Egypt, Qatar, India and Mexico. With an increased need for specialist contractors to support the […]

October 3, 2016

The CTA, however, is not the only transportation authority facing significant challenges when it comes to rail projects. The scramble for enough money to achieve even a small percentage of the necessary repairs and upgrades needed to fix crumbling roads […]

September 13, 2016

In a Washington Post op-ed piece published Sunday, Lawrence Summers, former treasury secretary and adviser to President Barack Obama, laid out the case for a program of significant U.S. infrastructure investment and urged the next president to make it a […]

September 2, 2016

Construction spending in July was virtually even with the June level but rose 1.5% from the year-earlier total, as private-sector work increased and public-sector volume declined, the Commerce Dept. has reported. Commerce’s U.S. Census Bureau said on Sept. 1 that […]

August 2, 2016

Construction spending posted lackluster results for June, with volume slipping 0.6% from May’s level, to a $1.134-trillion seasonally adjusted annual rate, and edging up a mere 0.3% year over year, the Commerce Dept. has reported. The report, which Commerce’s U.S. […]