Tag: construction business: Page 19

Workforce

Hurricane recovery sends construction unemployment to record low

U.S. construction unemployment tied a record low in October, at 4.5 percent, with recovery from Hurricanes Harvey and Irma and other disasters appearing to lead the jobs increase, according to Associated Builders and Contractors. The last time construction unemployment reached 4.5 percent in October was in 2006, the ABC says. The October 2017 rate was […]

December 4, 2017

Dealers

Business Roundup: Liebherr sees orders jump; Tax overhaul a mixed bag for dealers; Proposed AWP standards would affect rentals; Dealer Institute course on managing iron; New Atlas Copco VPs; Construction starts predicted to rise

Liebherr sees “significant” jump in orders; uses start-up culture to launch products Liebherr says it will add 2,240 employees by the end of this year, seeing what Stefan Heissler, member of the board of directors of Liebherr-International AG, calls a “very significant jump in orders” in 2017. In the first six months of 2017, Liebherr […]

November 7, 2017

Workforce

Construction adds 11,000 jobs in October

The U.S. construction industry added jobs for a third consecutive month in October. The industry added 11,000 workers to bring total employment to 6.930 million Americans, according to preliminary data from the Labor Department. October’s total employment figure represents a 3-percent improvement in the number of positions filled over the October 2016 figure. The October […]

November 7, 2017

Business

It’s getting optimistic out there: Reader poll finds jump in planned equipment purchases, rentals

In these days of delayed infrastructure spending, Congressional one-upmanship and multiple Category 5 hurricanes, it was great to get some good news. The good news came from our latest Reader Profile survey, where more than 220 respondents from our print and newsletter audiences showed unprecedented renting and buying intentions. In the next 12 months, 44 […]

November 6, 2017

Business

Construction starts predicted to rise 3% in 2018

Total U.S. construction starts will grow 3 percent next year as the industry moves into “a mature stage of expansion,” according to the 2018 Dodge Construction Outlook. The pullback will continue in areas of multifamily and hotel construction starts. The increase will be led by continued growth in single-family houses, warehouses and office buildings. A […]

November 3, 2017

Business

Construction spending dips 0.3% in September

U.S. construction spending increased 0.3 percent in September to $1.219 trillion and is up 2 percent over the September 2016 total. Total nonresidential spending rose 0.5 percent to $698 billion but remains down 3 percent from the year-ago total. Top percentage increases were conservation and development, up 12.3 percent to $7.4 billion; educational, up 5.4 […]

November 1, 2017

Workforce

The upside of construction’s aging workforce

Although much has been made of construction’s aging workforce, most of the emphasis has been on labor. But aging is nothing if not equal opportunity, the most egalitarian force of nature. So aging is not just a labor crew reality, but cuts across your entire organization: office, management, you. With all the angst about replacing […]

October 26, 2017

Business

Commercial construction planning drops for fourth month in a row

Planning for nonresidential construction projects continued to lose ground in September for the fourth consecutive month, according to the Dodge Momentum Index. The index declined 8.4 percent from August, with institutional building dropping the most, at 11.5 percent. Commercial building planning fell 6.1 percent. The index measures the initial report for nonresidential building projects being […]

October 9, 2017

Workforce

Construction adds 8,000 jobs in September

The construction industry added 8,000 jobs during September bringing total industry employment to 6.911 million Americans, according to preliminary data from the Labor Department. The September jobs report also brought a revision to the August jobs total. August employment was revised downward from the previously reported 6.918 million jobs to 6.903 million. The change brings what was […]

October 6, 2017

Home

Construction spending up 0.4% in August

U.S. construction spending increased 0.5 percent from July to $1.218 trillion and is up 2.5 percent over the August 2016 total. Total nonresidential spending rose 0.5 percent in August to $692 billion but remains down 3.4 percent from the year-ago total. Top percentage increases were public safety, up 5.7 percent to $8.3 billion; educational, up […]

October 3, 2017

Business

Indexes indicate future growth in construction despite drop in August

The next 12 months should bring construction growth following a disappointing August, according to three recently released indexes. Destruction from Hurricanes Irma and Harvey, however, are causing additional uncertainty for the industry. One of those concerns is how the storms will affect the construction industry’s worker shortage. “Finding skilled workers will be essential to ensure the […]

September 25, 2017

Contractor of the Year

Whaley & Sons’ comeback required rebuilding this family construction co. from the ground up

Matt Whaley had a passion to run equipment from an early age, but had to constantly nag his father to let him to do it. His father, Ken Whaley, wanted his son to one day run the company he started in 1972 – not a bulldozer. Matt’s rise in the company was incremental. He started […]

September 18, 2017