Business: Page 513

June US Construction Spending Takes a Surprising Tumble

Value of private construction declined for the third month on residential weakness, private nonresidential sector gained for the second month, and public spending fell 5.4%

The value of private construction put in place in the U.S. in June declined for the third month on residential weakness. Spending in the private nonresidential sector gained for the second month, and public spending fell 5.4% -- it's largest drop since March 2002.

Public Sector Drives Nonresidential Spending Down 2% in June

Associated Builders and Contractors Inc. (ABC)

June represents the first month during which nonresidential construction spending has dipped below the $700 billion per year threshold since January 2016

June’s weak construction spending report can be largely attributed to the public sector.

Construction Safety

[VIDEO] Cat Detect Safety System

Cat Detect is a suite of technologies that can help overcome the safety challenges presented by low visibility, crowded areas on-site and even operator fatigue and distraction

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Construction Technology

Triax Technologies Integrates Spot-r Wearable Safety Device with Procore Platform

Integration eliminates manual double-entry of data and automatically sends accurate spot-r worksite data to Procore for accidents, timecards, manpower and daily construction reports

Through a secure, wireless sitewide network and wearable device that clips onto workers’ belts, spot-r provides real-time worker time and attendance, zone-based location, and automatic safety incident alerts.

CA Homebuilder Recruiting Workers Through High School Internships

California homebuilder Lennar trained several high school juniors this summer on many aspects of the construction industry through paid internships

4 Tips to Improve Construction Workforce Management

Mismanagement of employees and resources can result in failure, but these four ideas could kick-start a better way of working that allows you to reap the benefits

With the right procedures in place, effective management of your construction workforce should result in meeting deadlines, managing downtime, improving costs and securing business.

Nonresidential Fixed Investment Increases for Second Straight Quarter

Nonresidential fixed investment expanded at a 5.2% seasonally adjusted annual rate following a 7.2% expansion during the first quarter

Real gross domestic product (GDP) expanded by 2.6% on a seasonally adjusted annualized basis during Q2 2017.

Construction Grade

Second Quarter US GDP Bounce Back to Trend Despite Housing Shrinkage

Residential fixed investment fell steeply following impressive Q1 growth, but business investment in plant and equipment continues to grow as inventories stabilize

The commerce department’s Bureau of Economic Analysis revised the last three years of GDP data to reflect slightly better U.S. economic performance. Average growth in this recovery, now the third longest in U.S. history, lifted annual gains to 2.2%, up from the previous estimate of 2.1%.

Lawsuit Challenges Secrecy of White House Advisers on Infrastructure

Nonprofit Food and Water Watch filed suit against President Trump, claiming that he illegally convened an advisory council of private businessmen to plan infrastructure overhaul

Construction Grade

Fed Skips Rate Hike, Plans Balance-Sheet Selloff

July meeting of the Federal Open Market Committee signals confidence in US economy, but weak inflation despite job growth enforces wait-and-see posture

Construction News Tracker

[VIDEO] June US Housing Starts and Nonresidential Planning Surging

Housing starts jumped 8.3% after three months of decline, strong finish to 2017 construction forecast; plus more industry news in the July 27, 2017, edition of Construction News Tracker

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Caterpillar Raises 2017 Outlook after $1B Second-Quarter Sales and Revenues Increase

Increased demand across many markets and disciplined cost control allow Caterpillar to raise its 2017 outlook. Remaining outlook risks include weakness in the Middle East and Latin America.

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