Tag: construction business news

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

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

How 5 construction companies are passing the baton to the next generation

[Editor’s Note: This is Part Two in a four-part series chronicling the stories of contractors who are making hard choices about their end game in the business: liquidate? Sell to family or employees? Seek a third party buyer?] [Editor’s Note II: The names in the article below have been changed due to the personal nature of […]

February 4, 2014

Business

How to choose who to sell your construction company to and when

[Editor’s Note: This is Part Four in a four-part series chronicling the stories of real contractors who are making hard choices about their end game in the business: liquidate? Sell to family or employees? Seek a third party buyer?] Stever Robbins, executive coach with Stever Robbins Incorporated, says assuming you’ll pass your business along to your […]

February 4, 2014

Business

When selling your construction company is the best option

[Editor’s Note: This is Part Three in a four-part series chronicling the stories of real contractors who are making hard choices about their end game in the business: liquidate? Sell to family or employees? Seek a third party buyer?] If you’re in the market to sell your business, you may be in luck, especially if […]

February 4, 2014

Business

How 2 construction companies (one large, one small) decided to close their doors

[Editor’s Note: This is Part One in a four-part series chronicling the stories of real contractors who are making hard choices about their end game in the business: liquidate? Sell to family or employees? Seek a third party buyer?] Keith Andrews, president, RaCON Incorporated, looks at his nearly empty equipment yard from the driver’s seat […]

February 3, 2014

Business

SPECIAL REPORT: The Future of Your Construction Company. How and when to walk away.

In the wake of the Great Recession, many baby boomer contractors are planning their business’s futures. Specifically, is this the end? And if so, should I sell? Liquidate? Pass it on? Even if the end isn’t in your near future, our four-part Special Report will get you well in the way to forming a sensible […]

February 3, 2014