Tag: construction recovery

Business

Is construction “dead in the water”? Greenspan comment highlights industry’s mixed feelings about recovery

Despite many positives in the industry right now, Alan Greenspan is pointing a finger of blame in construction’s direction. According to a report from Bloomberg, Greenspan, who served as chairman of the Federal Reserve between 1987 and 2006, said Tuesday the U.S. economic rebound from the recession that ended five years ago has been held […]

September 10, 2014

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

Business

Housing starts soar 22.7% in November to nearly 6-year high

Greatly defying expectations, U.S. housing starts soared in November to heights rarely seen since the housing collapse in 2006. Housing starts jumped 22.7 percent in November to a seasonally adjusted annual rate of 1.091 million, according to data from the Commerce Department. That’s the highest monthly gain since January 1990 and only the second time […]

December 18, 2013

Business

Report: U.S. construction to increase 40% by 2025, global construction to increase 70%

A new report forecasts extreme acceleration in global construction, saying that the industry will account for 13.5 percent of the world’s output by 2025. The “Global Construction 2025” report, as detailed in a piece by CNBC, says that the U.S. construction industry will continue its recovery, growing by 40 percent while construction output in the […]

July 2, 2013

Business

U.S. rental construction, lack of first-time home buyers a sign of “inferior housing recovery”?

Despite recent dips in construction spending and employment, the mood in the industry is, well, better. Better than it was last year anyway as 151,000 jobs have been added since then, the unemployment rate is down to 13.2 percent and spending is up 5 percent. As we’ve noted before, a lot of this has to […]

May 8, 2013

Business

Construction fuel consumption index up 3.6 percent over 2011

WEX and IHS have released results of the WEX Construction Fuel Consumption Index (FCI), which indicated an increase of 3.6 percent in November year-over-year. The WEX Construction FCI measures national fuel consumption statistics for the construction industry to provide an up-to-date indication of construction activity in the United States. For November 2012, the WEX Construction […]

December 21, 2012