Tag: business: Page 7

Workforce

Construction sees largest jobs gain in 11 years in Feb.

The U.S. construction industry added 62,000 jobs in February, the single largest monthly addition of jobs the industry has seen in the last 11 years, according to preliminary data from the Labor Department. The previous high mark for gains was set in November 2015 when 52,000 jobs were added. February’s jobs gain brings the industry’s […]

March 12, 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

Dealers

Carter Machinery now the authorized GOMACO distributor for Virginia

Carter Machinery Company, Inc., is now the authorized GOMACO distributor for the state of Virginia. The multi-branch dealership will provide sales and service for GOMACO’s full line of concrete construction products. Carter Machinery and GOMACO share the same corporate values, according to Kent Godbersen, vice president of Worldwide Sales and Marketing for GOMACO Corporation. “They […]

January 18, 2018

Business

How an insurance rating could unfairly cost contractors jobs

A complicated calculation for determining workers compensation premiums has evolved into a do-or-die benchmark on whether contractors are qualified to bid on many jobs, and some say that’s not fair, especially for smaller contractors. It’s called the experience modification rate (EMR), and it’s based on previous workers comp claims versus payroll and other factors. The […]

January 17, 2018

Dealers

iQ Power Tools names Jim Mackall VP of sales

iQ Power Tools – manufacturer of premium power tools with integrated dust collection technology –  has appointed Jim Mackall to the firm’s newly created position of sales vice president. Mackall will lead the nationwide sales team, as well as develop existing market and new business. iQ Power Tools President Joel Guth says Macula will be […]

January 12, 2018

Business

Construction spending up 0.8% in November

U.S. construction spending rose during November on gains from both the residential and nonresidential markets. Total spending rose 0.8 percent from October to a seasonally adjusted annual rate of $1.256 trillion. The total represents a 2.4-percent improvement over the November 2016 rate. Residential spending by private homebuilders rose 1 percent during November to a rate […]

January 4, 2018

Workforce

Contractors expect growth in 2018 – along with worsening labor shortage

Anticipating that the economy will be better than last year for the industry, a majority of construction firms plan to expand their payrolls in 2018. But their optimism is tempered by concern over a growing shortage of skilled workers. That’s according to a survey released today by Associated General Contractors of America and Sage Construction and […]

January 3, 2018

Workforce

Construction jobs reach 10-year high, yet contractors face increasing challenges filling openings

Construction employers added 24,000 jobs in November and 184,000 over the year – yet the need remains high for more workers to fill open positions, according to the Associated General Contractors of America. Employment in construction jumped to 6.955 million jobs in November – the highest level since November 2008, according to an analysis of […]

January 1, 2018