Tag: construction business: Page 17

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

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

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

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

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