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Tag: Construction economy
Business
How long will it take for construction to recover from the coronavirus?
It may take at least 18 months for contractors to see a complete reconstruction of what was to be in 2020, before the outbreak of the coronavirus pandemic. But there is some good news, says Anirban Basu, chief economist, Associated Builders and Contractors. âIt will be the shortest recession in history,â he declares. âBy the [âŚ]
May 15, 2020
Business
PCA economist: Construction economy is good, but Trumpâs infrastructure proposals will take time to show benefit
Itâs no mirage. âNo matter how you look at it, the near-term economy is in good shape,â says Ed Sullivan, senior vice president and chief economist at the Portland Cement Association. Even better, thereâs at least a couple more years of strong economic growth ahead, he says. After 2020 the picture is still good, but [âŚ]
January 30, 2018
Business
Nonresidential projects push construction spending to largest monthly gain in more than 2 years in July
After seeing its first drop in one year during June, construction spending in the U.S. fully recovered and then some in July, with its largest monthly gain in more than two years. Construction spending rose 1.8 percent to a seasonally adjusted annual rate of $981.3 billion in July, according to preliminary estimates by the Commerce [âŚ]
September 2, 2014
Business
Despite slow start to 2014 and concerns, top construction economists forecast growth in spending and jobs
The outlook from respected economists in the construction industry continues to be mixed as all the elements for growth are there but several factors could limit or hurt the industryâs ongoing recovery. Bernard Markstein, chief economist at Reed Construction Data, Kermit Baker, chief economist at the American Institute of Architects and Ken Simonson, chief economist [âŚ]
April 17, 2014
Business
Three construction economists forecast growth in construction spending through 2017, note causes for concern
Giving their opinions on how they see things shaking out in the remainder of 2013 and how things will shape up for 2014, three construction industry economists painted a fairly positive picture of growth with a tinge of uncertainty, according to a report from SmartBlogs. Kermit Baker, chief economist at the American Institute of Architects, [âŚ]
October 28, 2013
Construction Equipment
Final Word
A Congress of Dunces By Kirk Landers Humorist P.J. OâRourke once referred to the U.S. Congress as âA Parliament of Whoresâ in a book title, but to use that expression to describe the current Congress would be to grossly malign the worldâs oldest profession. This is a parliament of dunces and cowards. Confronted with profound [âŚ]
September 4, 2011
Roadbuilding
âYes we canâ create jobs, reduce deficit spending
An independent analysis conducted by Architecture 2030 and released in a fact sheet, illustrates that President Obamaâs Better Buildings Initiative (BBI) can put the nationâs commercial real estate (CRE) market on the road to recovery, creating at least 300,000 new U.S. jobs and boosting tax revenue to begin putting money back into federal, state, and [âŚ]
March 9, 2011
Business
âYes we canâ create jobs, reduce deficit spending
An independent analysis conducted by Architecture 2030 and released in a fact sheet, illustrates that President Obama's Better Buildings Initiative (BBI) can put the nation's commercial real estate (CRE) market on the road to recovery, creating at least 300,000 new U.S. jobs and boosting tax revenue to begin putting money back into federal, state, and local coffers.
March 9, 2011
Home
October construction numbers trend down
The Commerce Department logs a 1.2 percent decline in the month of October. The not-quite-so-bad news in all of this is that non-residential construction is only down 0.7 percent, federal construction spending was up 5.5 percent and state and local spending rose 0.3 percent. Still, with residential down for so long a lot of residential [âŚ]
January 7, 2010
Business
Two-thirds of construction companies plan layoffs
According to the AGC of America. Click on âRead moreâ for the full text of the press release. Meanwhile, Congress has given itself a pay raise.
January 7, 2010
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