Tag: recession: Page 2

Business

When selling your construction company is the best option

[Editor’s Note: This is Part Three in a four-part series chronicling the stories of real contractors who are making hard choices about their end game in the business: liquidate? Sell to family or employees? Seek a third party buyer?] If you’re in the market to sell your business, you may be in luck, especially if […]

February 4, 2014

Business

How 2 construction companies (one large, one small) decided to close their doors

[Editor’s Note: This is Part One in a four-part series chronicling the stories of real contractors who are making hard choices about their end game in the business: liquidate? Sell to family or employees? Seek a third party buyer?] Keith Andrews, president, RaCON Incorporated, looks at his nearly empty equipment yard from the driver’s seat […]

February 3, 2014

Business

SPECIAL REPORT: The Future of Your Construction Company. How and when to walk away.

In the wake of the Great Recession, many baby boomer contractors are planning their business’s futures. Specifically, is this the end? And if so, should I sell? Liquidate? Pass it on? Even if the end isn’t in your near future, our four-part Special Report will get you well in the way to forming a sensible […]

February 3, 2014

Business

With big jump in employment, Boston construction industry booming once more

After seeing Greater Boston construction jobs fall by 20 percent during the recession, things are finally looking up again for the city’s industry after a big jump in employment in the past year. The Boston metro area added 8,700 construction jobs between August 2012 and August 2013, according to a report from The Boston Globe. That’s […]

November 19, 2013

Roadbuilding

Why Millennials Aren’t Buying Cars

It isn’t that the younger generation doesn’t have a job or money – they just prefer to delay or put off buying a car altogether. They are more apt to hop on the subway or other public transportation system, reports GPB News. Compared to Baby Boomers and Gen Xers, this generation actually thinks about if […]

September 6, 2013

Business

Phoenix contractors unable to meet demand of construction rebound due to skilled worker shortage

After losing nearly half of its construction jobs in the throes of the recession, Phoenix, Arizona is now in the middle of a construction rebound—but unable to hire enough skilled workers to meet demand. “To hire someone right now, you have to offer them more money to draw them away from another company,” construction supervisor […]

August 27, 2013

Business

Construction company mergers, acquisitions increase as recession-weary contractors weigh the future

It’s well established that the effects of the recession are still being felt by the construction industry. The most visible evidence of that has been the skilled labor shortage. Thousands of skilled workers were laid off in the downturn, some retired, and a lot of those folks simply aren’t coming back even though things seem […]

August 1, 2013

Business

How did Stalco Construction triple its project volume during the recession? Adaptability and marketing.

Kevin Harney started Islandia, New York-based Stalco Construction in 1992 with only $1,700. Fast forward to 2012 and the company made $64 million in revenue and was able to achieve monstrous growth during the recession. Just what kind of growth? Before the 2008 recession, annual project volume at Stalco was $40 million. Now, it’s at […]

June 24, 2013

Business

Builder confidence reaches highest level since 2006

For the first time since April 2006, more U.S. home builders say they view the market  as “good” rather than “poor.” The sentiment comes through the June edition of the National Association of Home Builders/Wells Fargo Housing Market Index. The Index’s rating of builder confidence rose eight points in June to a 52. The NAHB says […]

June 20, 2013

Workforce

Skilled labor shortage slows Michigan’s response to growing demand for new homes

After 60,000 of Michigan’s skilled home builders were put out of work during the recession, many left the state to find work elsewhere while some left the trade entirely, reports the Detroit Free Press. Michigan is the latest of several states around the country to report skilled labor shortages as demand for construction rebounds. The […]

June 11, 2013

Workforce

Construction industry adds 7k jobs in May, unemployment drops to lowest rate in nearly 5 years

The construction industry added 7,000 jobs in May to reach its highest total of workers in nearly four years, according to data from the U.S. Bureau of Labor Statistics. Preliminary data from the BLS showed that the industry lost 6,000 jobs in April. But a revision reduced that loss to 2,000, meaning if May’s gains […]

June 7, 2013

Roadbuilding

Are You Poised to Fail?

Learn what to look out for before it’s too late.

June 5, 2013