Tag: construction business: Page 21

Business

Construction is driven by people, not machines

Certain themes repeat themselves when we talk to contractors: The 20-hour days to get a construction company started … and to keep it going. The great financial risks for miniscule margins. The inherent joy of building something. But the most prevalent comment we hear from contractors concerns their people. “We couldn’t do this without the […]

July 13, 2017

Workforce

Construction adds 16,000 jobs in June

The U.S. construction industry added 16,000 jobs in June, according to preliminary data from the Labor Department. The industry now employs 6.896 million Americans, an increase of 3 percent over the June 2016 figure of 6.690 million. The June report also revised the May employment figure downward from the previously reported 6.881 million to 6.880 million. […]

July 10, 2017

Business

Construction spending flat in May with dip in residential

Homebuilding declines were nearly matched by gains in nonresidential construction in May as total construction spending in the U.S. was flat for the month, according to preliminary estimates from the Commerce Department. Despite the flat month, construction spending’s total of $1.23 trillion was up 4.5 percent from the year-ago, May 2016 figure. Private residential spending […]

July 3, 2017

Business

Construction Industry Round Table announces new officers

During its annual spring meeting in Washington D.C., the Construction Industry Round Table (CIRT) elected Wayne A. Drinkward as Chairman of the organization for a term of one year. Drinkward is Chairman & CEO of Hoffman Corp., where he works in a wide range of markets, and will replace H. Ralph Hawkins, FAIA, Chairman Emeritus of HKS, […]

June 6, 2017

Workforce

Construction adds 11,000 jobs in May; unemployment falls again

The U.S. construction industry added 11,000 jobs in May, according to preliminary data from the Labor Department. The industry now employs 6.881 million Americans, an increase of 3 percent over the May 2016 figure. The May report also revised the April employment figure downward from the previously reported 6.877 million to 6.870 million. The revision makes what […]

June 2, 2017

Business

Construction spending falls 1.4% in April

An increase in single-family home construction spending was not enough to offset a decline in nonresidential spending as total U.S. construction spending fell 1.4 percent in April to $1.2 trillion. Despite the monthly decline, total spending remains 6.7 percent above the April 2016 figure, according to preliminary data from the Commerce Department. Private residential spending, […]

June 1, 2017

Business

U.S. home starts fall 2.6% in April

A dip in the start of construction on multifamily homes wiped out a small gain in single-family homes in April, bringing total U.S. home starts down 2.6 percent. Total starts fell to a seasonally adjusted annual rate of 1.172 million but remain up 0.7 percent from the April 2016 figure, according to preliminary data from the […]

May 16, 2017

Business

Construction spending falls 0.2% in March

Gains in residential construction spending during March were offset by an identical loss in nonresidential as total construction spending in the U.S. fell 0.2 percent. Total spending fell to $1.2 trillion, but remains 3.6 percent above the March 2016 figure, according to preliminary data from the Commerce Department. Private residential spending rose 1.2 percent during […]

May 3, 2017

Business

U.S. home starts fall 6.2% in March

Construction on new homes in the U.S. fell in March with declines ing both single- and multi-family starts. Total home starts fell 6.8 percent to a seasonally-adjusted annual rate of 1.215 million, according to preliminary data from the Commerce Department. Total starts remain 9.2 percent above the March 2016 figure. Single-family starts fell 6.2 percent to […]

April 19, 2017

Business

Can Trump’s wall be built? Will it be effective? Should you bid? No, no and no. Here’s why.

As of last week, more than 700 companies had responded to the Customs and Border Patrol agency’s request for proposals on building President Trump’s wall between Mexico and the United States. Early cost estimates for the 1,300 mile long wall run around $38 billion—the single most expensive infrastructure project ever undertaken in the U.S. The […]

April 12, 2017

Business

Hard Hat High: How to protect your construction company from substance abuse (PART 2)

Editor’s Note: This is part two of a two-part series. To read part one, click here. There is a story still told in the Savannah, Georgia, business community about the time equipment manufacturer JCB held a job fair for prospective employees. When the eager prospects assembled in the company’s new glass foyer were informed that […]

April 3, 2017

Business

Construction spending up 0.8% in February

U.S. construction spending rose 0.8 percent in February on gains in the residential market. Total spending rose to a seasonally adjusted annual rate of $1.2 trillion, a 3-percent improvement over the year-ago figure, according to preliminary data from the Commerce Department. Private homebuilding rose 1.8 percent during the month to a rate of $485 billion and […]

April 3, 2017