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Business: Page 86
Business
Despite April’s decline in starts, homebuilder confidence remains strong due to growing demand for single-family homes
Along with home starts, builder confidence in the housing market, measured by the NAHB/Wells Fargo Housing Market Index, rose high in the latest index.
May 16, 2018
Business
AGC: Most states adding construction jobs; aluminum, steel tariffs pose risk
Thirty-eight states and the District of Columbia saw an increase in construction jobs between March 2017 and March 2018, according to Associated General Contractors of America. AGC attributed the growth to “strong private-sector demand and new public-sector investments in school and airport construction.” The nonprofit association, however, cautioned that a worker shortage and potential impacts […]
May 8, 2018
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June 27, 2025
Business
Drop in residential brings down U.S. construction spending 1.7%
Spending on construction in the United States fell 1.7 percent in March to a seasonally adjusted annual rate of $1.284 trillion, according to data from the Commerce Department. Despite the monthly drop, U.S. construction spending remained up 3.6 percent over the March 2017 rate. The main contributor to the overall drop in spending was a […]
May 2, 2018
Business
Mobile mentality, networking skill built Hutzel’s Concrete Construction into a trusted Ark. institution
A general contractor on a housing project started Jim Hutzel on his path. Jim worked for him, and the GC liked what he saw in the young man. “Why don’t you pour my concrete?” he asked him. So, Jim began pouring footings in the 1970s, during a residential boom that lasted about four years. He followed […]
April 25, 2018
Business
Home starts up 1.9% in March with multi-family jump
Construction starts on new U.S. home rose 1.9 percent in March to a seasonally adjusted annual rate of 1.319 million homes, according to data from the Commerce Department. Home starts are now 10.9 percent above the March 2017 rate. The March growth was fueled by a 16.1-percent jump in multi-family home starts which are up […]
April 17, 2018
Business
Dodge economist: Trump tariffs won’t halt construction growth
Though there are some concerning signs on the horizon, including President Donald Trump’s tariffs on imported steel and aluminum, they won’t stop the continued expansion of the overall construction industry through 2018 and into 2019, according to Bob Murray, chief economist for Dodge Data & Analytics. Murray said the industry was able to absorb the […]
April 6, 2018
Dealers
With strong 2018 outlook, Global Rental Alliance focuses on workforce development, technology
Strategies to promote more women and minorities in the rental industry, as well as efforts to engage young professionals, provoked a lively discussion when the Global Rental Alliance (GRA) met recently at The Rental Show in New Orleans. Technology trends and workforce development issues are priorities for the members, they say. Technology is the one area […]
April 3, 2018
Business
Dip in government holds back private jump as U.S. construction spending ticks up 0.1% in Feb.
U.S. spending on construction projects was barely better than flat in February as a big gain in private spending was nearly completely offset by a dip in government spending. Total spending reached a seasonally adjusted annual rate of $1.273 trillion in February and is up 3 percent over February 2017. Private spending rose by 0.7 […]
April 2, 2018
Dealers
Business Roundup: More Cat layoffs; Equipment makers tell Trump ‘just say no’ to tariffs; CNH Industrial CEO to step down; AEM elects directors; Minnich honors top dealers
Minnich Manufacturing honors top dealers of 2017 Minnich Manufacturing, a leading manufacturer of concrete dowel pin drills, concrete vibrators and vibrator monitoring systems, has announced its top dealers of 2017 according to sales performance. The announcement were made in conjunction with Minnich celebrating its 50th anniversary in 2018, The company is based in Mansfield, Ohio. To read […]
March 26, 2018
Business
Family unity and taking the big risks bring long-term success to La.’s HD Truck & Tractor
In 1972, Hiram DuRousseau Sr. decided he wanted more out of life. He bought a tractor, bush hog and box blade. “You can’t go wrong cutting grass,” says the family patriarch. Both Hiram Sr. and his wife, Jeanette, already had jobs. He was a plant shift worker, she worked at AT&T. But both used their […]
March 23, 2018
Dealers
CCI: More contractors plan to buy equipment as confidence continues
The commercial construction industry has continued its optimism from 2017 into 2018, with increases in new business prospects, rising revenue forecasts and steady backlogs, according to the Commercial Construction Index. And for the third consecutive quarter, a higher percentage of contractors report that they expect to spend more on tools and equipment in the next […]
March 8, 2018
Business
Colorado’s Solid Earth Civil Constructors named 2018 Contractor of the Year
Solid Earth Civil Constructors Owners: Don and Rae Peters Location: Pueblo, Colorado Annual revenues: $3- to $5-million Years in construction: 36 Year company founded: 1996 Number of employees: 15 Type of work: Heavy civil and concrete A landscaping design/build company that grew into a heavy civil and concrete construction firm took top honors in […]
March 5, 2018
Business
Construction spending flat in Jan. as nonresidential wipes out housing gains
U.S. construction spending was flat in January as a dip in nonresidential spending wiped out a slight increase from home construction. At a seasonally adjusted annual rate of $1.26 trillion, total U.S. construction spending remains 3.2 percent above the January 2017 rate, according to the Commerce Department. Spending from private homebuilders, which includes renovations and […]
March 1, 2018
Dealers
Construction execs predict 2018 could be ‘best year ever’; most dealers expect equipment sales to increase
New survey’s key insights: Net profits — The industry is feeling increasingly positive about net profits. A whopping 92 percent of respondents said their net profits will remain the same or increase over 2017. Equipment sales —Distributors feel upbeat about the market and expect to see increases in new and used equipment sales. Equipment rentals […]
February 28, 2018
Business
Jan. construction starts slip 2%, pulled by 18% nonbuilding construction dip
Following December’s 13-percent hike, the value of new construction starts in January slipped 2 percent to a seasonally adjusted annual rate of $725.9 billion, according to Dodge Data & Analytics. In addition, the Dodge Index for January was 154, compared to December’s revised 156 and November’s 138. There were several contrasts to the December results. […]
February 22, 2018
Business
In wake of father’s death, a son takes family construction business to new heights
To say that Richard Preston grew up in the construction business is an understatement. “I was always on the jobsite with my dad,” Richard says. “As early as elementary school he would have me straightening things up.” As Richard grew older, his responsibilities at Preston Construction increased, including superintending jobs in his parents’ brief absences […]
February 21, 2018
Business
Home starts kick off 2018 with 7.3% jump
The start of construction on new homes in the U.S. rose 7.3 percent in January to a seasonally adjusted annual rate of 1.326 million homes. The jump in starts more than makes up for the 7-percent drop seen in home starts at the end of 2017 where the rate of construction fell from 1.299 million […]
February 20, 2018
Business
Construction adds 36,000 jobs in Jan.; 2017 spending up 2.6%
The U.S. construction industry began 2018 with a bang, adding 36,000 jobs in January. Total industry employment increased for the fifth consecutive month in January and now stands at a seasonally adjusted annual rate of nearly 7.1 million workers, according to the Labor Department. The January total is 3 percent higher than the January 2017 […]
February 7, 2018
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