Tag: construction business: Page 26

Business

Continued homebuilding gains boost construction spending 0.6% in September

Sizable gains in homebuilding again led to an increase in total U.S. construction spending in September. Construction spending increased 0.6 percent to $1.094 trillion during the month, according to preliminary data from the Commerce Department. Total spending is up 14.1 percent year over year. Private homebuilding increased 1.9 percent to $395 billion and is now […]

November 2, 2015

Business

Construction firms paying their bills earlier the latest indicator of U.S. industry’s strength

Calling the findings evidence of a clear “upswing” in the U.S. construction industry, a U.K.-based credit reporting agency says American construction firms are, on average, paying their bills earlier than they were last time. According to a report from the Wall Street Journal, Creditsafe Inc. assessed roughly 1.7 million U.S. construction firms and found that they […]

October 12, 2015

Business

Economists hail construction as strongest sector of U.S. economy

With construction spending at a 7-year high, single-family home starts up 19 percent year over year, and hiring at pre-recession highs despite a widespread shortage of skilled workers, it’s no secret within the industry that things have picked back up and then some. And though financial analysts have largely taken a wait-and-see approach before hailing the […]

September 16, 2015

Roadbuilding

Allan Myers expands with purchase of new assets, including 2 asphalt plants

Heavy civil construction and materials company Allan Myers has expanded their presence in the Northeast with the purchase of new assets in the region. Allan Myers announced in a press release that the company had purchased major assets from Daisy Construction and Edgemoor Materials, including two new hot-mix asphalt plants in Elkton, Maryland, and Wilmington, Delaware. […]

September 11, 2015

Business

Rigid equipment strategy, social media parts of the formula this Texas contractor used to build a booming business in less than 10 years

After a few years of working for other contractors in Austin, Texas, Dan Corrigan saw an opportunity 70 miles south in San Antonio. At 27 years old, with a pickup, a trailer and one helper, he set up shop just north of the Alamo City and went into business for himself. The first year was […]

September 2, 2015

Roadbuilding

Georgia construction company files for bankruptcy, leaving road projects incomplete

A Georgia county is looking at a few incomplete road projects that were already paid for after an Augusta construction company filed for bankruptcy. According to the Augusta Chronicle, Mabus Brothers Construction filed for the Chapter 7 Bankruptcy on May 2 while there still a few incomplete or shoddily done projects under contract with Columbia […]

August 14, 2015

Business

New survey, hotel developers the latest severe signifiers of construction’s labor shortage

In addition to the industry surveys and anecdotal evidence from states and projects all over the country, you can add two more examples to the group of sources pointing to the shortage of skilled labor impacting the U.S. construction industry. Joining an Associated General Contractors of American survey last fall which found that 83 percent of […]

August 13, 2015

Business

R.J. Allen made emissions regs work for them and now this California contractor doesn’t chase work

Andrew – or Andy – Allen chuckles when asked how he got his start in construction. “I guess you could say I was born and raised in the company,” he says about the firm his parents founded. Allen started in the company shop, cleaning and maintaining equipment, and then operating it. Although he took some […]

August 11, 2015

Business

Construction spending inches up 0.1% in June

With no change to nonresidential spending, total construction spending in the U.S. saw its smallest gain in five months, according to preliminary estimates from the Commerce Department. The primary fuel for the industry’s huge spending growth in the last year or so has been nonresidential which was flat this month at $687 billion. Residential, meanwhile, […]

August 4, 2015

Business

U.S. construction spending continues climb; up 0.8% in May

Nonresidential projects again led to a sizable gain in U.S. construction spending during May, according to preliminary estimates from the Commerce Department. Spending rose to a seasonally adjusted annual rate of $1.035 trillion, the highest figure since October 2008 and an increase of 8.2 percent over May 2014. Total residential construction spending rose 0.3 percent to a rate of $366 billion […]

July 2, 2015

Business

Refocused by military service, New Jersey contractor rebuild’s company culture, transforms his business

While most people deal with work as one of life’s harsh necessities, Jason Ciavarro not only puts in the hours, he relishes them. “Work is where I find my joy and passion,” he says with a smile from the end of a conference room table at the offices of Supreme Metro Corporation in South Plainfield, New Jersey, office. […]

July 2, 2015

Business

Is the golden age of underground construction upon us?

During the Great Recession, one phrase reached cliché status: “this is the new normal.” In other words, suck it up, things will never be as good as they once were. Get used to diminished returns and don’t dwell on what used to be. So it tends to give you pause when Chris Daum, senior managing […]

June 25, 2015