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Tag: economy


Sustainability

The Economy Under COVID-19: Notes From the Trenches – April 3, 2020

April 3, 2020

Via: ConstructConnect

There are currently two crises underway simultaneously. The advance of the novel coronavirus is taking a terrible toll in terms of physical and emotional well-being. At the same time, job losses resulting from ‘social distancing’ are sending the economy into […]


Construction Processes, Interaction of Expertise, Sustainability

Boston 1st major US city to order halt on all construction

March 17, 2020

Via: Construction Dive

The city will reassess the situation after the two-week span, Walsh said, adding that shutting down work sites was a difficult decision to make. “Construction is the core of our economy,” he said. Walsh’s announcement calls into question whether other […]


Construction Processes, Interaction of Expertise

Should contractors risk moving into niche building sectors?

February 4, 2020

Via: Construction Dive

In the construction industry, the term “specialty contractors” usually refers to subcontractors who deal exclusively with one piece of the construction process like metal framing, flooring or curtain walls. However, all but the largest conglomerates are niche contractors in some […]


Sustainability

Construction industry unemployment at record low

May 6, 2019

Via: Construction Dive

With 33,000 net new jobs added to the industry in April, construction unemployment at a record low and other positive signs across the broader economy, a downturn is at bay for at least another year, according to Associated Builders and […]


Construction Processes, Financial

State, local governments using higher revenues to increase infrastructure spending

December 20, 2018

Via: Construction Dive

Many state and local residents around the country showed their commitment to public construction in November by voting for at least $24 billion of bond initiatives. Some measures that won approval included $16 billion for California construction projects. That measure […]


Construction Processes, Financial

$50B of development in Washington, DC’s pipeline

December 18, 2018

Via: Construction Dive

The WDCEP report did not include the Amazon project in JBG Smith’s numbers because the project, while still in the D.C. Metro area, is in a Virginia suburb. Amazon will lease about 500,000 square feet of office space from JBG […]


Construction Processes, Interaction of Expertise

12 Mid-August Economic Nuggets

August 17, 2018

Via: ConstructConnect

The U.S. quarter-to-quarter annualized advance in gross domestic product (GDP) in the second quarter of this year was an outsized +4.1%. It was the fastest leap forward since 2014’s third quarter jump of +4.9%. Some of the strength has been […]


Sustainability

Association: More tariffs will hurt construction, other industries

June 21, 2018

Via: Construction Dive

China has also pushed back against the U.S. for leveling steel (25%) and aluminum (10%) tariffs earlier this year. In April, the country filed a complaint with the World Trade Organization claiming that the tariffs violate international trade laws. The […]


Construction Processes, Financial

Nonresidential construction remains unchanged in April

June 4, 2018

Via: BDCNetwork

Nonresidential construction spending remained unchanged in April on a monthly basis, according to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data released today. However, year-over-year spending was up a sturdy 6.1%. Private sector spending increased 0.8% […]


Construction Processes, Financial

2017 U.S. and Canadian Construction Performances in Review

February 26, 2018

Via: ConstructConnect

Total construction starts in the US grew by 11.1% in 2017 to reach $760bn, a modest slowdown from the 13.2% growth posted in 2016. Civil engineering was the main driver of growth, boosted by a number of mega-projects in the […]