Business: Page 494

Construction News
2017’s 4% US Construction-Spending Growth to Accelerate to 5% in 2018
FMI’s third-quarter Construction Outlook projects segment-by-segment results for 2017, and forecasts leading growth sectors in 2018
FMI forecasts primary growth segments in 2018 to include residential, commercial, lodging, office and manufacturing.
Construction News
US Construction Spending Rises Modestly in September
Hurricanes disrupted building in the southeast, but may have produced a month's reversal of declining public spending
Total value of U.S. construction put in place in September rose just 0.3% for the month to a seasonally adjusted annual rate of $1,219.5 billion. Actual spending year-to-date was 4.3% more than the first nine months of 2016.
Construction News
2018 Construction Starts to Increase 3% to $765 Billion
Dodge Construction Network
Dodge Outlook report predicts deceleration but still growth, reflecting a mixed pattern by project type
2018outlook Cover
Business
Columbus Testing Plan to Improve Apprenticeships, Local Hires
Construction of a new fire station in Columbus, Ohio, will test a new agreement aimed at increasing the number of local hires on the project and apprenticeship recruitment
Construction Safety
Trump Picks FedEx Ground Safety Chief to Lead OSHA
Scott Mugno is also chairman of the U.S. Chamber of Commerce OSHA subcommittee and serves on other organization's committees dealing with occupational safety and health
FedEx Ground's safety chief Scoot Mugno is reported to be President Trump's pick to lead the Occupational Safety and Health Administration.
Construction News
Border Wall Construction Companies Worried About Backlash
AGC wants attorney general to sue to prevent states and localities from denying contracts or divesting from companies that participate in wall construction
Us Mexico Border Wall
Business
Construction Spending Increases Backed By Growing Private Residential Demand
Associated General Contractors of America (AGC)
September construction spending increased 0.3% from the August total and is up 2% from a year earlier
Business
Report: Pros and Cons of P3s
Over the past two decades, the U.S. highway sector has seen the introduction and use of a new method of procurement: the long-term public-private partnership.
Highway Work Zone
Business
[VIDEO] Tips to Get More ROI From Internship Programs
Rusty McCarty, chief experience office and president, CustomED, shares how you can increase the value of your internship program for future workforce development.
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Business
Despite Small Monthly Increase, Nonresidential Construction Spending Down Year-over-Year
Associated Builders and Contractors Inc. (ABC)
Nonresidential construction spending rose 0.5% in September but is down 2.9% on a year-over-year basis
A lack of public spending is keeping nonresidential construction spending down on a year-over-year basis.
Business
70% of Metro Areas Experienced Construction Employment Increases Over Last Year
Associated General Contractors of America (AGC)
Construction employment increased in 250 out of 358 metro areas between September 2016 and September 2017 while declining in only 56 and remaining stagnant in 52 metros
Riverside-San Bernardino-Ontario, CA, and Wenatchee, WA, experience largest year-over-year gains; Houston-The Woodlands-Sugar Land, TX, and Grand Forks, ND-MN, have biggest annual declines.
Business
Construction Unemployment Rate Improves in 41 States
Associated Builders and Contractors Inc. (ABC)
Not seasonally adjusted national construction unemployment rate was 4.7% in September, down 0.5% from a year ago and the second lowest September rate on record behind the 4.6% rate in September 2000
With a 4.7% NSA construction unemployment rate, this was the second lowest unemployment September rate on record.
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