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Section: Business > Industry Trends
Construction News
87% of Contractors Predict Steady Revenue Streams for 2021
Concerns about finding skilled workers, material costs and steel tariffs still linger for construction business owners though according to the latest data released by the U.S. Chamber of Commerce
March 18, 2021
Business
Economic Recovery Provides Hope for “Stability” Even as February Construction Starts Falter
Dodge Construction Network
While an increase in nonbuilding construction starts couldn’t offset a decline in buildings in February, general economic recovery could hold hope for construction growth.
March 17, 2021
Digging Deeper
Dodge Data: Infrastructure Investment Plan Would be “Game Changer” for Construction Outlook
Dodge Construction Network
Richard Branch, chief economist, Dodge Data & Analytics, shares the current construction outlook and how a major infrastructure investment plan could become a “game changer” for the industry.
March 15, 2021
Business
How the Construction Industry is Adapting to Life Without Tradeshows
It's more important than ever for the asphalt industry to keep moving forward. Educational opportunities are still happening and companies are also continuing to innovate their construction equipment. Here's how to stay up to date.
March 15, 2021
Paving
COVID-19 Vaccination Helps Maximize the Safety of Your ‘Essential Worker Family’
World Sweeping Association
Your employees continued good health keeps your company operational, talk with them about vaccination for COVID-19
March 12, 2021
Construction Safety
On-Site Contact Tracing Still Necessary to Retain Construction Labor in Ongoing Pandemic
Even as infection numbers wane, virus mutations and changing transmission protocols mean COVID-19 will be with us for a long time. Contact tracing will play a critical role in keeping construction projects safe, staffed and working
March 11, 2021
Cranes
Global Mobile Crane Market Anticipates Long Journey to Recovery, Despite Positive Outlook
Future Market Insights
Recovery in construction, shipping, and oil and gas will be key elements to increasing mobile crane sales in 2021 — leading to uncertainty on crane sales, though the long-term outlook is positive.
March 10, 2021
Financing, Insurance & Leasing
Must-have Insurance Policies to Protect Your Construction Business in the Time of COVID-19
Custom Contractors Insurance, LLC
COVID-19 has caused construction project delays and cancellations; work that continues exposes contractors to new risks that can be insured: of worker infection, work interruption on infected sites, supply-chain disruption, and more
March 9, 2021
Business
Construction Labor Shortages Set to Return Along with Rising Labor Costs
Marcum report shows the average hourly earnings of construction employees reached their highest level on record in January 2021, and average weekly hours worked rose to their highest level since Q3 2019.
March 8, 2021
Diesel Engines
Global Off-Highway Engine Market to Grow 7% Through 2031
A new report from Fact.MR forecasts increased demand for off-highway engines will coincide with growth in infrastructure projects.
March 8, 2021
Cranes
Global Tower Crane Sales Anticipated to Increase 4.8% Yearly for the Next Decade
Future Market Insights
Future Market Insights releases the Tower Crane Market report, forecasting the global tower crane market to be valued at $19.3 billion in 2021, with a growth rate of nearly 4.8 percent during 2021 to 2031.
March 5, 2021
Construction Update
This Week's 10 Hottest Construction Stories: New Rules Open PPP Payoff to the Smallest Businesses
Why the most-read construction stories include how to troubleshoot concrete cracks, 9-day continuous concrete pour slipforming grain silos, where surface transportation funding stands, six factors when adding drones to your construction business
March 5, 2021
Infrastructure
Economists Predict Rocky Road to Recovery for Construction Industry
Dodge Data & Analytics forecasts that the U.S. infrastructure segment won't return to normal levels until 2023.
March 4, 2021
Labor & Workforce Development
What Workforce Challenges Are Ahead for Key Construction Industry Segments?
Where there is construction growth, there will be significant difficulties in meeting the demand for workers. Here is a look at what's ahead in 2021.
March 1, 2021
Business
Construction Industry Has Reason for Both Optimism and Pessimism During Pandemic Recession Recovery
Marcum
Marcum predicts the economy will expand rapidly in the second half of 2021, but that nonresidential construction may take longer to bounce back.
March 1, 2021
Digging Deeper
Telemedical Service Delivers Managed Healthcare Directly to Construction Jobsites
JobSiteCare
JobSiteCare is delivering physician-led managed healthcare directly to injured or ill workers on the jobsite. Its TextBadge smartphone-based screening technology can also provide customizable capabilities to keep workers safer during and post-pandemic.
March 1, 2021
Business
How New PPP Rules Make Free Money Available to the Smallest Businesses and Sole Proprietors
Biden Admin. focus on small businesses assures that sole proprietors and businesses with fewer than 20 employees have a great shot at getting a first or second forgivable PPP loan
February 25, 2021
Business
Construction Costs Continued Climbing in February with More Expected in First Half of 2021
IHS Markit
Materials and labor prices rose for the fourth consecutive month as the engineering and construction industry rebounds from the COVID-19 induced recession.
February 24, 2021
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