Search

Section: Business > Industry Trends
Business
Republicans Signal Delay until 2018 of Trump’s Shrinking Infrastructure Plan
Construction stocks such as Caterpillar dipped as limits of Trump-staff capacity and lure of infrastructure spending as a bargaining chip in 2018 elections made delay seem likely
February 24, 2017
Donald Trump signs his first executive order on immigration at the Pentagon, in front of an image of America’s highest award for valor, the Medal of Honor. Writing a replacement for that court-challenged order have consumed Trump-staff capacity, contributing to the administration signaling delay until 2018 of fleshing out its swiftly shrinking infrastructure promises. The lure of using the spending bill against Congressional Democrats in the mid-term elections is also likely to be playing a role. Construction stocks such as Caterpillar, U.S. Steel and Martin Marietta took a hit on the news.
Paving
How Key Construction Forecasts Affect the 2017 Pavement Maintenance Outlook
Construction economists analyze building and highway forecasts and construction employment to offer insights into how the paving and pavement maintenance industries will fare in 2017
February 19, 2017
Business
Construction Input Prices Hit Fastest Year-over-year Rate of Inflation Since 2012
Construction input prices collectively rose by 1% on a monthly basis and 3.8% on a year-over-year basis, the fastest year-over-year rate of materials price inflation since the beginning of 2012
February 14, 2017
Construction input prices collectively rose by 1% on a monthly basis and 3.8% on a year-over-year basis.
Business
2016 Total US Construction Starts Grew 6.4%
The 6.4% growth in total construction starts was still a slowdown compared to the 8.3% growth posted in 2015
February 14, 2017
Total construction starts in the US grew by 6.4% in 2016 to reach $609 billion, a slowdown from the 8.3% growth posted in 2015.
Business
Mortenson Forecasts Chicago Construction Costs Increasing 4% in 2017
Strong price growth in 2016 expected to continue, as materials pricing and market activity continue to push costs up
February 9, 2017
Only Seattle, of the six markets general contractor Mortenson tracks, is expected to challenge Chicago's rate of construction cost increase in 2017.
Business
US Construction Spending Static in December after 4.5% 2016 Growth
1.7% decline in public-sector construction spending overcame 0.5% growth in private residential spending for a 0.2% slide in total value of construction put in place for Decembrer
February 6, 2017
A 1.7% decline in December public-sector U.S. construction spending overcame 0.5% growth in private residential spending for a 0.2% slide in total value of construction put in place for the month.
Business Services
Construction Job Growth Rebounds to Start 2017
National construction employment added 36,000 net new jobs in January - a 0.5% increase representing the best month for construction employment since March 2016
February 3, 2017
The nonresidential construction sector added 14,900 net new jobs for the month, while its residential counterpart added 20,300 net new jobs.
Business Services
AIA Forecasts Healthy Gains for Nonresidential Construction Building Activity in 2017
Amercian Institute of Architects consensus forecast panelists project almost 6% growth in overall nonresidential building spending in 2017 on strength in commercial and other sectors
January 31, 2017
AIA Consensus Forecast panelists are projecting growth in overall nonresidential building spending of almost 6% for 2017. Commercial construction activity is expected to increase in excess of 8% while industrial construction should remain essentially flat. Institutional construction is projected to grow at an almost 6% pace. For 2018, building spending should increase about 5% with institutional building activity growing nearly 6%.
Business Services
Construction Costs Continue to Rise
Strong labor and materials costs boost the IHS PEG Engineering and Construction Costs Index to its highest headline reading since September 2014
January 25, 2017
The six-month headline expectations index moved up from 68.9 in December to 70.0 in January, recording another month of increasing prices. The materials/equipment index stayed positive, at 72.6, slightly lower than the 73.3 recorded in December. Subcontractor labor price expectations were 64.1 in January, higher than the 58.7 recorded in December.
Rental
Moody's: Burden of Infrastructure Spending Increasingly Falling on States
January 19, 2017
us map 58810d2a4d02a
Business Services
Top 10 Equipment Acquisition Trends for 2017
Look for increased construction equipment investment due to improving personal consumption and promised infrastructure spending
January 18, 2017
Economic improvement, renewed business confidence and business friendly policy changes support positive investment momentum for 2017.
Business Services
Contractors Plan to Hire in 2017, Expecting Strong Public, Private Demand
AGC survey reveals 73% of construction firms plan to expand payrolls in 2017 but remain worried about availability of qualified workers
January 11, 2017
“Contractors have relatively high expectations for 2017 as they predict the economy and demands for all types of construction will grow,” said Stephen E. Sandherr, AGC's chief executive officer. “As a result of this optimism, many firms expect to expand their headcount next year.”
Construction Technology
Constructech Awards 2017 Residential Top Products Helping Improve the Residential Construction Industry
Constructech
Each product was evaluated on its ability to improve efficiency, productivity, and the bottomline for those in the residential construction field
January 10, 2017
Business Services
Turner Construction Q4 2016 Cost Index Reflects Strong Market Conditions with 4.9% Yearly Increase
Q4 2016 US nonresidential building construction market saw a 1.11% quarterly increase in costs compared to Q3 and a 4.9% year increase compared to 2015
January 10, 2017
Turner Construction's Fourth Quarter 2016 Turner Building Cost Index — which measures costs in the non-residential building construction market in the U.S. — has increased to a value of 1006, representing a 1.11% quarterly increase from the Third Quarter 2016.
Business
5 Steps to Help Your Construction Business Be More Profitable in 2017
These steps can help contractors get started on the road to profitability in the New Year.
January 4, 2017
Profit goal money on target freedigitalphotos 586fd56b7e28e
Rental
State of the Construction Industry 2017
Leading construction industry economists reflect on 2016 and share their outlooks for 2017 and beyond.
January 4, 2017
While multifamily construction is likely to see a downturn, a number of other forms of building construction are expected to grow modestly or remain flat in 2017.
Business
US Construction Spending Beats Forecasts in November
Nominal construction spending rose in both public and private U.S. construction sectors during November but early indicators suggest spending might moderate in the coming months
January 3, 2017
In contrast to weak new construction starts in November, total value of U.S. construction spending put-in-place beat consensus forecasts by growing 0.9% on 1.0% growth in private construction and 0.8% growth in public construction.
Business
November Nonresidential Construction Spending Hits Highest Level in 8 Years
Nonresidential construction spending is up approximately 5% on a year-over-year basis with predictions that momentum should continue
January 3, 2017
Nonresidential spending expanded to $712.4 billion on a seasonally adjusted, annualized rate in November, representing the highest level of spending in eight years.
Previous Page
Next Page