Tag: economy

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 […]


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 […]

Construction Processes, Financial

US commercial real estate to grow through 2019

January 16, 2018

Via: Construction Dive

Despite the ULI’s findings, Bloomberg recently reported that the suburban office market is on an upward march as older millennials opt to move away from urban centers to smaller, more affordable cities nearby. And employers are tagging along. One of the contributing factors […]

Construction Processes, Procurement

Construction material prices continue to climb in September

November 17, 2017

Via: Construction Dive

A stronger international economy is sure to be welcome news for companies like Caterpillar, which suffered along with a weaker global market over the course of the last few years. Late last month, the construction equipment giant reported an 11% annual […]

Construction Processes, Financial

September construction starts jump 14%

November 2, 2017

Via: Construction Dive

Large nonresidential projects like the new Delta terminal continue to influence starts data. The new terminal, which is in addition to the current Terminal B project LaGuardia Gateway Partners (LGP) has in progress, is part of the Port Authority of […]

Construction Processes, Financial, Legal

Taxes funding US highway construction aren’t enough

September 18, 2017

Via: Construction Dive

Improvements in fuel efficiency and a federal gas tax — which has remained unchanged since 1993 — have been largely responsible for stunted growth in gas-tax revenues that fund the HTF. To remedy that holding pattern, industry groups and lawmakers alike are […]

Construction Processes, Financial

Seattle Partners withdraws $521M bid for KeyArena redevelopment

September 1, 2017

Via: Construction Dive

The city of Seattle issued a request for proposals back in January with an eye toward hosting an NBA team — to replace the SuperSonics — or an NHL team. Conditions of the proposal required that any potential developer would have to […]

Construction Processes, Financial

CO convention center expansion costs double to $233M

August 31, 2017

Via: Construction Dive

Convention center representatives attributed the rising cost estimate to the skilled-labor shortage in Denver, climbing steel prices and building code requirements. Denver officials expect pushback on the tax from hotels that are not in close proximity to the convention center, […]