Tag: construction industry: Page 6

Business

AGC economist forecasts strong construction growth thanks to ‘shale gale’, Panama Canal expansion

The morning after Republicans won back the U.S. Senate, Ken Simonson, chief economist for the Associated General Contractors of America, said that conservative majorities in both houses of Congress are unlikely to spend money to improve the the country’s infrastructure, but that private construction will be robust. The keynote speaker Wednesday at the 2014 Association […]

November 6, 2014

Workforce

Construction adds 12,000 jobs in October, sees another big drop in unemployment

The U.S. construction industry has now added jobs for a 10th consecutive month with a gain of 12,000 workers in October. The industry now employs 6.095 million Americans, its highest figure since May 2009, according to preliminary data from the Labor Department. Employment in May 2009 was 6.1 million, a hill the industry has been […]

November 6, 2014

Workforce

Construction’s late recovery in Nevada heightens shortage of skilled workers as Tesla looms

After successfully wooing electric car maker Tesla to build its massive gigafactory through $1.25 billion in tax incentives, the state of Nevada is looking forward to an impact of $100 billion over the next 20 years. And the construction industry in the Reno area is looking forward to an infusion of 3,000 jobs to build […]

October 9, 2014

Workforce

Construction adds 16,000 workers in September, unemployment falls 7 points

The construction industry added jobs during September, extending a streak of job gains now nine months long. Construction added 16,000 workers in September and now employs 6.079 million Americans, according to preliminary data from the Labor Department. That is the industry’s highest figure since May 2009. The new data also revised the August employment figure […]

October 3, 2014

Business

Construction critical to growth of unconventional energy market

Construction is a key player throughout the “unconventional” oil and gas supply chain, according to a just-released study by the Energy Equipment Infrastructure Alliance, and conducted by IHS Global Insight. The industry is one of five critical economic sectors when it comes to the unconventional energy market, defined as oil and gas extracted by horizontal […]

October 1, 2014

Business

It’s time for contractors to start financial planning for 2015. Here are 3 tips to get you started

Now that the construction busy season is winding down, it’s time to turn your attention to those housekeeping tasks you need to do each year in the fourth quarter. You need to step back and take a critical look at your company in preparation for planning for 2015. Not sure what to do? Here are […]

September 29, 2014

Business

PCA forecasts steady growth for cement consumption through 2016 as construction activity increases

According to the latest forecast from the Portland Cement Association (PCA), cement consumption in the U.S. will see steady gains over the next three years. As far back as the World of Concrete show in January and again in the Spring, PCA chief economist Ed Sullivan has forecasted 8-percent growth in cement consumption and that […]

September 25, 2014

Business

Home starts dive 14.4% in August but homebuilder confidence rises to nearly 9-year high

Another down month in August continued what has been a very up-and-down year for construction of new homes in the U.S., largely thanks to the volatility of new apartment starts. Despite the drop, homebuilder confidence in the market rose to its highest reading since November 2005. Following a gain of 8.6 percent in July, home […]

September 18, 2014

Business

Is construction “dead in the water”? Greenspan comment highlights industry’s mixed feelings about recovery

Despite many positives in the industry right now, Alan Greenspan is pointing a finger of blame in construction’s direction. According to a report from Bloomberg, Greenspan, who served as chairman of the Federal Reserve between 1987 and 2006, said Tuesday the U.S. economic rebound from the recession that ended five years ago has been held […]

September 10, 2014

Roadbuilding

Construction industry extends employment streak, adds 20,000 jobs in August

The U.S. construction industry extended its streak of job gains in August, adding 20,000 workers. It was the eighth-straight month of gains for the industry which now employs 6.068 million Americans—the highest figure since May 2009, according to data from the Labor Department. The new data also revised upward the July employment number from 6.041 […]

September 8, 2014

Construction Equipment

Country music star Kip Moore wrote a rocking Labor Day ballad for the construction industry

Kip Moore has penned his share of hits, most notably the platinum-selling “Somethin’ ‘Bout a Truck’ which reached number 1 on the U.S. country charts. And now the country star has dedicated a song to the men and women of the construction industry as well as Case Construction Equipment. The song is called “On the […]

August 28, 2014

Business

Construction spending booming to record highs in Minneapolis

The city of Minneapolis has issued a combined $1.2 billion in commercial and residential building permits so far this year and is on pace to break $2 billion by the end of the year, according to a report from The Star Tribune. That $1.2 billion mark the city sits at now is the same amount […]

August 25, 2014