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Tag: recovery
Workforce
Hurricane recovery sends construction unemployment to record low
U.S. construction unemployment tied a record low in October, at 4.5 percent, with recovery from Hurricanes Harvey and Irma and other disasters appearing to lead the jobs increase, according to Associated Builders and Contractors. The last time construction unemployment reached 4.5 percent in October was in 2006, the ABC says. The October 2017 rate was […]
December 4, 2017
Business
Report: U.S. construction to increase 40% by 2025, global construction to increase 70%
A new report forecasts extreme acceleration in global construction, saying that the industry will account for 13.5 percent of the world’s output by 2025. The “Global Construction 2025” report, as detailed in a piece by CNBC, says that the U.S. construction industry will continue its recovery, growing by 40 percent while construction output in the […]
July 2, 2013
Business
Construction spending up 0.4% in April despite another dip in government spending
Spending on construction projects in the United States rose 0.4 percent in April, continuing a volatile trend in 2013 of ups and downs, according to data released by the U.S. Commerce Department Monday. After dropping 4 percent in January, spending rose in February only to drop again in March. But in April things are back […]
June 3, 2013
Business
Builder confidence up on strengthening housing market, but majority rate still rate it “fair” or “poor”
Though the reading is not at a point where more home builders view the current market for newly-built, single-family as “good” than “poor,” builder confidence improved three points to a 44 on the May edition of the National Association of Home Builders/Wells Fargo Housing Market Index. The monthly survey asks home builders to rate current […]
May 15, 2013
Business
U.S. rental construction, lack of first-time home buyers a sign of “inferior housing recovery”?
Despite recent dips in construction spending and employment, the mood in the industry is, well, better. Better than it was last year anyway as 151,000 jobs have been added since then, the unemployment rate is down to 13.2 percent and spending is up 5 percent. As we’ve noted before, a lot of this has to […]
May 8, 2013
Business
Construction unemployment rate drops despite losing 6k jobs in April
After riding a four-month streak of employment gains to the highest total employment the industry had seen in nearly four years, the construction industry lost 6,000 jobs in April, according to new data from the U.S. Labor Department. Despite the loss of jobs, the industry’s unemployment rate continued to fall, dipping to 13.2 percent. The […]
May 3, 2013
Home
NYC building $38 million steel wall to protect subway from future storms
New York City’s Metropolitan Transit Authority is in the process of installing a two-mile steel wall to protect a line of subway track from future storm damage. “Constructing this sheet wall along Broad Channel will protect tracks from future storm surges,” according to the caption of the above photo from the MTA’s Flickr page. “Each […]
April 2, 2013
Workforce
Why construction unions are wrong in fighting immigration reform
Ah politics! Strange bedfellows. Even stranger enemies. One would think the universal brotherhood of union workers would welcome with solidarity the teeming masses from south of the border. But that is certainly not the case if those Hispanic workers have construction skills. Buzzfeed Politics is reporting that the AFL-CIO in the pending immigration bill is […]
March 26, 2013
Workforce
NAHB survey finds labor shortages in “all aspects” of home building
According to a survey conducted by the National Association of Home Builders, labor shortages are hurting the housing and economic recoveries here in the U.S. Since June 2012, residential construction firms are seeing a growing number of shortages in all positions in the industry including carpenters, excavators, framers, roofers, plumbers, bricklayers, HVAC, building maintenance managers and […]
March 25, 2013
Business
Growth slows in U.S. exports of construction equipment
After enjoying surges of 43 percent in 2011 and 28 percent in 2010, growth in U.S. exports of construction equipment slowed in 2012 to 13 percent, according to the Association of Equipment Manufacturers. Construction equipment exports grew to $26.7 billion in 2012. Despite the slowing in growth, things are much better now than they were […]
February 27, 2013
Business
Obama gives more details on proposed infrastructure investments
The New York Times has obtained a summary of President Barack Obama’s plan to repair the failing infrastructure in the United States. Obama discussed the need for infrastructure investment during his State of the Union address February 13th. The goal of the President’s plan, the Times report,s is to create jobs “that cannot be outsourced,” […]
February 21, 2013
Roadbuilding
White House releases transportation infrastructure ‘plan’
The White House has released a statement called “The President’s Plan to Make America a Magnet for Jobs by Investing in Infrastructure.” The plan repeats the president’s State of the Union “fix it first” idea, claiming that, “Repair and maintenance of our existing roads, bridges and public transportation systems should take priority before we consider […]
February 20, 2013
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