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Tag: economics
Business
Alabama has no plans to raise gas tax; state will rely on next year’s bond issue for road projects
Gov. Robert Bentley says he has no plans to ask the Alabama legislature to raise the state’s 16-cent-per-gallon gas tax, responding to emailed questions submitted by The Tuscaloosa News. Instead, Alabama instead will look to a $508.5 million highway bond issue to finance highway projects, bonds that last week received a AAA rating from Standard […]
December 15, 2014
Business
FIU professor says Florida’s worker shortage is temporary due to likelihood of wage increases
Like their peers across the U.S., contractors in Florida are facing a shortage of skilled workers, as a report from Florida Watchdog details. In Florida, housing inventories are drying up which means that new ones will need to be built as demand rises. Problem is, as we’ve seen in many other places, many of the skilled veterans […]
February 25, 2014
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Gilbane publishes fall 2012 Construction Industry Economic Report
Gilbane Building Company has published the fall 2012 edition of Construction Economics—Market Conditions in Construction, a free report based on economic data, construction starts and material cost trends. The report indicates an increase in construction spending over the last year but cautions of an expected downturn again in early 2013. The report covers topics such […]
October 4, 2012
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Construction spending decreases in August, increases year-over-year
Construction spending increased year-over-year, despite a decline between July and August to an annualized rate of $837 billion, according to an analysis of new federal data released by the Associated General Contractors of America. Association officials noted a growing demand for residential, lodging and education construction in particular offset drops in public construction spending. Stephen […]
October 2, 2012
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Conference Board announces increase in U.S. leading indicators
The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.8 percent in May to 114.7 (2004 = 100), following a 0.4 percent decline in April, and a 0.7 percent increase in March. The largest contributions came from the interest rate spread, consumer expectations, and housing permits. The Coincident Economic Index, a monthly measure […]
June 30, 2011
Roadbuilding
SAFETEA-LU Extended Again. Again.
I suppose the best that can be said of it is that they didn’t go playing brinkmanship games. The House just went ahead and approved a $1.2 trillion continuing resolution to keep federal agencies (including Federal highway programs) funded and thus up and running through the end of September. Next week the Senate may, or […]
December 10, 2010
Roadbuilding
It’s this simple. Good roads cost us less.
Here is a very simple observation made by a newspaperman after the release of a new report. He points out that it costs us more to have bad roads than to keep good ones in good shape. Pennsylvanians are spending more to have lousy roads and bridges than it would cost to keep them in […]
November 30, 2010
Roadbuilding
The Kansas Crunch
I keep coming across scenarios that worry me because they could be the tips of icebergs. As funding for transportation projects at all government levels become harder to find and even harder to predict, more and more important projects have to line up for whatever is available. Some must inevitably miss out. Sometimes there are processes […]
November 2, 2010
Roadbuilding
Yet more states are thinking outside the public funding box
Wanna buy a road? Two more states are reacting to the inevitable. They must have money for roads but the usual sources are inadequate. Privatization and tolling are coming up again and again as the default option. As Congress leads the way in stalling (if you can do that) by keeping reauthorization hidden away at […]
September 20, 2010
Roadbuilding
Texas DOT may get back into the toll business
Come January there will be increasing pressure on TDOT to get into business with private toll road companies. Two years ago lawmakers took away that authority. What a difference two years — at least these last two years — makes. The move fits a rough pattern we are seeing all over the country. As funding […]
August 23, 2010
Roadbuilding
We’re moving towards more tolling
Itr’s possible that the (voting) public is begining to see what happens when there is too little money for highways and bridges. But the process moves like molasses in winter. Last week the Wall Street Journal picked up the movement in some states to pro-actively turn badly deteriorating asphalt and concrete roads back to gravel roads. […]
August 4, 2010
Roadbuilding
Five-year highway construction program approved
Missouri’s five-year highway construction program was approved July 1, 2010, by the Missouri Highways and Transportation Commission, but it’s only one-third the size of the 2009 program. The Missouri Department of Transportation (MoDOT) says the funding is barely enough in funds to take care of the existing system. Missourians will see very few new projects […]
July 13, 2010
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