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Type: News
Section: Business > Industry Trends
Labor & Workforce Development
6 Primary Causes of Workforce Issues Identified by Wirtgen Group, BuildWitt New Partnership
Wirtgen Group, a John Deere Co.
The steady trend of labor shortages shows no end in the near future. Shrinking labor pools, high rates of turn-over, and under skilled labor continue to be issues for the entire industry. This new partnership vows to work together on innovative solutions.
October 11, 2022
Infrastructure
Graves: Expect Infrastructure Costs & Inflation to Get Worse
The chairman of the Transportation & Infrastructure committee, Sam Graves (R-MO), said: “It’s possible and even likely that the bad economic news is going to get worse."
July 19, 2022
Business
Study Shows Widespread Construction Optimism, Need for Digitalization
InEight
InEight's annual Global Capital Projects Outlook said 99% are optimistic about the construction industry. Many also say that digital technologies are the top opportunity for growth.
July 19, 2022
Business
Construction: What if There's a Recession?
S&P Global
S&P Global has released its latest economic outlook for the construction industry.
July 14, 2022
Business
Construction Sees Strong Hiring in June
National Association of Home Builders
In June, residential construction lost 4,100 jobs, and non-residential construction added 16,500 jobs.
July 13, 2022
Business
Study: Construction Companies Shifting Pricing Models to Reflect Inflation
Umpqua Bank
Surveyed construction contractors said they expect the economy to worsen over the coming year and are adjusting business practices. More than 8 in 10 expect their prices to increase, with 51% also anticipating a corresponding spike in revenue.
July 12, 2022
Concrete
ASCC's Position Statement on Managing Concrete Projects
American Society of Concrete Contractors (ASCC)
Calling for early investment in project design to manage the material supply chain, the American Society of Concrete Contractors has published its 45th Position Statement.
July 6, 2022
Business
Prices for Materials, Equipment, Labor, Shipping Continue to Increase
IHS Markit
Engineering and construction costs increased again in June, according to IHS Markit, now a part of S&P Global, and The Procurement Executives Group (PEG).
June 24, 2022
Business
Housing Starts Leap in February just before Fed Rate Policy Turns Cool
Starts rose about the same percentage as existing home sales fell in February, just before the Federal Reserve raised interest rates, war in Ukraine rattled the global economy and COVID surged in Asia.
March 21, 2022
Rental
Construction Equipment Rental Market to Reach $135.7B by 2027
The report attributes the market growth to the availability of numerous construction equipment rental options available to the industry, which can help fill the void during outages and supports logistic and financing goals.
March 15, 2022
Business
Headwinds Could Delay Construction Equipment Market Recovery
Association of Equipment Manufacturers (AEM)
While growth is expected, lingering pandemic concerns, ongoing supply chain issues, labor shortages and inflation could slow momentum.
March 7, 2022
Business
Nonresidential Sector Dipped in Q4 2021 But Fails to Dampen Contractor Optimism for 2022
Marcum
Even as expectations improved with respect to business and financial conditions, nonresidential construction activity slipped in Q4.
February 24, 2022
Infrastructure
Historic Level of Funding Dedicated to Strengthen Port Infrastructure and Supply Chain Resiliency
U.S. Department of Transportation
Under the Bipartisan Infrastructure Law, Port Infrastructure Development Program Grants will receive $450 million, its largest investment ever.
February 23, 2022
Business
Construction Backlog and Contractor Confidence Both Slide Lower in January
Associated Builders and Contractors Inc. (ABC)
Although the last two months have indicated declining backlog, ABC's chief economist says "the dips are not cause for particular concern."
February 17, 2022
Equipment
ELFA's Top 10 Equipment Acquisition Trends for 2022
Investment by U.S. businesses in equipment and software is forecast to be almost $2 trillion in 2022
January 14, 2022
Business
Supreme Court Puts Biden COVID Vaccination/Testing Mandate on Hold
In two contrary decisions on workplace vaccination standards, the high court offers clarity on the kinds of actions the federal government can and cannot take to protect workers in a pandemic. Labor organizations have committed to pursuing those options.
January 13, 2022
Business
Refusing to Try is the Worst Choice for Employers Facing OSHA’s COVID-19 Emergency Standard
The Supreme Court has not yet ruled on the OSHA Emergency Temporary Standard but the standard is currently in effect. Lawyers suggest that the best way to draw a fine while the case is being litigated is to refuse to try and comply.
January 10, 2022
Business
Labor Shortage Could Be 2022’s Biggest Barrier to Construction Growth
LaborIQ by ThinkWhy forecasts 3.9% expansion in job gains for Construction and Extraction occupations in 2022, but growth could be hindered by limited labor supply.
January 3, 2022
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