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Section: Business > Industry Trends
Construction Technology
e-Ticketing Task Force Seeks to Digitize Material Supply Chain on Public Infrastructure Projects
National e-Ticketing Task Force, which includes former Federal Highway Administrator Greg Nadeau, seeks to eliminate paper tickets associated with Hot Mix Asphalt, Aggregates and Ready-mix Concrete for all public infrastructure construction projects.
October 25, 2021
Construction News
Global Warming Joins Forces with the Pandemic Attempting to Squash Construction in September
Home starts are still running strong, but how much damage will creeping mortgage interest rates add to the nefarious agenda of the natural forces arrayed against home construction?
October 21, 2021
Rental
ARA Rental Spending Forecast Outlook Remains Positive for 2021, Beyond
American Rental Association (ARA)
The updated third quarter forecast released by the American Rental Association (ARA) at The ARA Show 2021 in Las Vegas, shows equipment rental revenue to exceed $47.6 billion in 2021, a 3% increase over 2020.
October 19, 2021
Business
Construction Costs are Forecast to Keep Rising through Next Year
JLL’s H2 2021 Construction Outlook forecasts scant materials and labor availability continuing to constrain recovery through the first half of 2022, with worsening cost and labor conditions as nonresidential work volume finally begins to rise
October 18, 2021
Construction News
Construction Backlog and Economic Forecast Bow to Persistent Supply Crisis
Associated Builders and Contractors’ Construction Backlog Indicator and Construction Confidence Index have been falling as U.S. economic forecasts are trimmed in the face of the pandemic’s unrelenting choke hold on supply of virtually everything
October 15, 2021
Business
Report: Construction Optimism High Despite "Severe Challenges"
Supply chain disruptions, cyber security and increased costs are all contributing to contractor concern. Even with current projects being delayed as a result, Dodge reports 71% of contractors are highly optimistic about projects over the next year
October 13, 2021
Business
Beware the Risks of Unexpected Taxes, Creeping Fleet Costs and Material Stockpiling
GB Financial Services, LLC
Mind these precautions on taxes when doing business across state lines, the creeping costs of aging equipment and the potential risks of stockpiling building materials.
October 13, 2021
Business
Report: Economic Growth in September ‘Surprising’
Institute for Supply Management (ISM)
Despite supply chain disruptions, inventory shortages and price increases, the economy grew in September.
October 5, 2021
Industry Trends
Managing Price Escalations and the Benefits of Stored Material Billing
The COVID-19 pandemic and resulting supply-chain issues in 2021 have made this a critical time for any business buying and selling almost any type of material.
October 5, 2021
Business
Residential Gain Outweighed by Nonresidential Loss in August Construction Spending
Growth in the value of construction put in place surprises with a stall, and somehow still manages to continue the story of diverging pandemic fortunes of in housing and commercial/infrastructure construction
October 1, 2021
Business
Consumer Demand High in September as Economy Continues to Grow
Manufacturers remain challenged by hiring woes, long waits for raw materials, supply chain disruptions.
October 1, 2021
Business
Commercial Construction Recovery Stalls as Contractors Struggle to Find Workers, Materials
U.S. Chamber of Commerce says 92% of contractors report difficulty finding workers, and of those, 42% have turned down work because of it -- trends not limited to the commercial construction industry that demonstrate the fragility of the economy
September 26, 2021
Construction Safety
How Employers Must Respond to the Biden Vaccine Mandate
Mariner Construction Inc.
OSHA is drafting an Emergency Temporary Standard that will require COVID vaccines or weekly testing. Before all the details are known, this safety and health professional says the work starts now, with developing a strategy to comply, or not
September 24, 2021
Industry Trends
COVID-19 Vaccine Requirement Protests Shut Down Construction in Australia
Construction work in the Australian state of Victoria has been temporarily shut down due to violence amid protests against vaccine requirements.
September 22, 2021
Labor & Workforce Development
The Construction Labor Shortage: Overcoming Adversity with Workforce Management
LaborChart
As one generation tries to pass the reins to the next, it’s become increasingly difficult to hang on to up-and-coming talent. Our suggestion on battling the labor shortage? Retain the employees you currently have first.
September 21, 2021
Business
Persistent Construction Backlog Weakness Finally Douses Contractor Confidence
Construction Confidence Index readings for sales, profit margins and staffing levels all lost ground, as high materials and labor costs and scarce job-site talent have conspired to put more projects on hold
September 15, 2021
Business
Buy Early in 2021 So You Don't Miss Out on Section 179 Tax Deductions
Crest Capital
To avoid being shut out on of Section 179 benefits, take supply chain delays into account with construction equipment purchases.
September 15, 2021
Equipment
Infrastructure Investment Could Fuel Both Construction Equipment Demand and Backlogs
Association of Equipment Manufacturers (AEM)
The American Jobs Plan could help fuel construction activity and equipment demand, but manufacturers are already struggling to keep up.
September 13, 2021
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