Tag: hotel construction

Business

New survey, hotel developers the latest severe signifiers of construction’s labor shortage

In addition to the industry surveys and anecdotal evidence from states and projects all over the country, you can add two more examples to the group of sources pointing to the shortage of skilled labor impacting the U.S. construction industry. Joining an Associated General Contractors of American survey last fall which found that 83 percent of […]

August 13, 2015

Business

Construction spending up 0.2% in March as homebuilding hits highest pace in nearly 6 years

U.S. construction spending was up slightly in March due mainly to increases in private residential construction, now at its highest rate in nearly six years. Total spending rose in March to a seasonally adjusted annual rate of $942.5 billion, up 0.2 percent from the revised February figure of $940.7 billion. Due to the revision of […]

May 1, 2014

Business

Homebuilding declines but construction spending up 0.1% in February

Construction spending in the U.S. ticked up 0.1 percent in February despite a decline in homebuilding, according to preliminary data from the Commerce Department. Total spending rose in February to a seasonally adjusted annual rate of $945.7 billion from the revised January figure of $944.6 billion. Due to the revision of that figure, what was a […]

April 1, 2014

Home

Construction begins on world’s first underwater hotel (PHOTOS)

In what is sure to be a project to remember for the crews putting it together, construction has begun in Dubai on the world’s very first underwater hotel. With a design that resembles the USS Enterprise from ‘Star Trek’ and a function akin to ‘Sealab 2020,’ the Water Discus Hotel will bring whole new meaning […]

July 8, 2013