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Section: Business > Industry Trends
Business
Survey: Optimism High for US Commercial Construction Industry
Commercial construction is in high demand across the country and contractors remain optimistic about the current and forward-looking health of the sector
September 19, 2017
The Q3 2017 composite index score was 73, down slightly from the second quarter’s 76, but close to the first quarter’s 74, representing a consistent sentiment of health in the sector.
Business
US Construction Spending Surprises with July Drop to 9-Month Low
Second decline in as many months for total value of construction put in place includes dropping numbers in all except residential construction sectors
September 1, 2017
Us Construction Spending July 2017
Construction News
Infrastructure Spending at Lowest Level on Record
Government spending on transportation and other public works was 1.4% of the nation's economic output in Q2 2017 - the lowest level on record
August 9, 2017
Infrastructure spending has been continuing to decline with such spending only accounting for 1.4% of the nation's economic output in Q2 2017.
Construction Toolbox
How Can We Fill the Labor Shortage if Training Opportunities Are Limited?
Training programs throughout the country are trying to fill the shortage of skilled labor but limitations are preventing them from making a greater impact
August 3, 2017
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Business
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%
August 1, 2017
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.
Equipment Monitoring & Logistics
FleetUp, Aeris Collaborate to Introduce IoT-enabled Fleet Management Devices
FleetUp will install the Aeris global subscriber identity module (SIM) at the point of manufacture, reducing both supply-chain costs and deployment time
July 17, 2017
Construction Technology
U.S. Investment in Equipment & Software Expected to Grow 3.6% in 2017
The Equipment Leasing & Finance Foundation revised its 2017 equipment and software investment growth forecast up from 2.8% growth expected in its Q2 update to the 2017 Economic Outlook released in April.
July 12, 2017
Investment in construction machinery in the U.S. expanded at a 15% annual rate in Q1 2017 (its first increase in more than two years), but is down nearly 12% year-over-year. The Construction Momentum Index held steady at 89.9 from June (revised) to July.
Construction News
New Index Indicates High Revenue & Employment for 2017
96% of contractors surveyed expect revenues to grow or remain stable this year and 66% anticipate employing more workers in the next six months
June 15, 2017
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Equipment
Reasons to Be Positive Despite 2017's Federal Infrastructure Spending Uncertainty
While more infrastructure dollars appear increasingly unlikely for the year, there is still plenty for the construction industry to be optimistic about in 2017.
May 15, 2017
Optimism among construction firms, whether contractors, dealers, rental houses or equipment manufacturers, has been at an all-time high in anticipation of a significant shot in the arm to all aspects of infrastructure development.
Business
FMI Says Recession Rebound Ended, Forecasts Steady 2017 Construction Growth
Nonresidential Construction Index for Q2 2017 slipped 1.1 points to 61.4 but remains at an optimistic level
May 3, 2017
FMI's Nonresidential Construction Index for the second quarter slipped 1.1 points but remains atn an optimistic 61.4.
Business
Beige Book for Construction: Wage Growth Is Broadening, Labor Supply Limiting
US economic activity expanded across all 12 districts at a modest-to-moderate pace; construction growth showed signs of plateau but contributed to overall strength
April 20, 2017
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Business
AGC: ‘Buy American’ Bad for Contractors Facing Soaring Materials Costs
March prices soar for diesel fuel, steel, copper, wallboard and lumber while contractors struggle to make modest price increases for nonresidential construction
April 19, 2017
Rental
Solid Market Conditions Lead to Growth in Powered Access Through 2019
Frank Nerenhausen, president of JLG, says a combination of the replacement cycle returning and a continued positive construction outlook will feed growth in the aerial market for years to come.
April 12, 2017
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Coaching & Consulting
Chasing New Construction Work in 2017? Here’s Where to Look
Caterpillar - Cat
Seventy-three percent of construction firms plan to expand payrolls in 2017 to keep pace with expectations of both private and public growth. Forecasts favor the broadest recovery in four sectors
March 28, 2017
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Business Services
[VIDEO] AGC Working to Rebuild Pipeline of Qualified Skilled Laborers
Brian Turmail of AGC talks about focusing and increasing career and technical programs at the high school and college levels in order to help fill the labor shortage and remove the stigma that trades aren't a good career path
March 10, 2017
[VIDEO] AGC Working to Rebuild Pipeline of Qualified Skilled Laborers
CONEXPO-CON/AGG
Construction Industry Executives Expect Increased Activity in 2017
Forecast reveals third highest optimism rating in 20 years; two-year optimism up from 2016
March 6, 2017
The 2017 Construction Industry Forecast revealed increased optimism driven by expectations of industry expansion through higher infrastructure spending and increased company profits.
Business
Total Construction Spending Slips in January Despite Solid Growth in Private Construction
Construction spending slipped from December to January but increased modestly from a year ago, as private construction grew solidly but public infrastructure outlays tumbled
March 2, 2017
Business Services
How Heightened Immigration Enforcement May Impact the Construction Industry
Heightened immigration enforcement will likely impact the labor shortage and workforce management practices in the construction industry
February 28, 2017
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