Economy

Focus on Financial Protections Before the Economy Slows Down

by Robert Mercado, Christopher Sisk | Oct 30, 2019
Business | Business Development | Economy | Finance

The economy will inevitably begin to slow, given historical patterns. It is best practice for contractors to prepare for this eventuality and determine what actions can be taken now to secure the company for continued success.

Cash Flow Problems Stall Growth for More Than Half of Construction Businesses

Proper budgeting, monitoring payment statuses and maintaining awareness of project developments can help prevent problems.

Construction Input Prices Slide in September, Says ABC

by ABC | Oct 23, 2019
Economy | Markets | Total Human Health

Construction input prices fell 0.6% in September and are down 1.7% year-over-year, according to an ABC analysis of the BLS' Producer Price Index dat. Nonresidential construction input prices fell 0.7% for the month and are down 1.4% compared to the same time last year.

Nonresidential Construction Employment Rises in September, Says ABC

The construction industry added 7,000 net new jobs in September, according to an ABC analysis of data released by the BLS. On a year-over-year basis, industry employment has expanded by 156,000 jobs, an increase of 2.1%.

Union Trends, Compliance and Cybersecurity Top-of-Mind for New York Contractors

by Carl Oliveri | Oct 8, 2019
Cybersecurity | Economy | Markets

The top issues identified relate to the skilled labor shortages, general business conditions and the challenges of complying with regulatory oversight.

Commercial Construction Index Shows Record Optimism

by U.S. Chamber of Commerce | Oct 3, 2019
Business | Business Development | Economy

Half of all contractors expect revenue increases over the next year, rising 14 points quarter-over-quarter. Also, notably higher is the expectation for profit margins to increase in the next year, which grew by 12 points between Q2 and Q3 2019.

Construction Companies Aim to Reduce Waste by Participating in the Circular Economy

by Jennifer Scholze | Sep 28, 2019
Business | Business Development | Economy

The circular economy is rife with opportunities to create and share value in construction, including profitable new business ecosystems and new revenue streams.

North American Rental Revenue Expected to Exceed $71 Billion in 2023

by American Rental Association | Sep 17, 2019
Business | Economy | Equipment | Finance

Equipment and event rental revenues in North America are expected to surpass $71 billion in 2023, including $64.7 billion in the United States and $6.4 billion in Canada.

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Focus on Financial Protections Before the Economy Slows Down

Cash Flow Problems Stall Growth for More Than Half of Construction Businesses

Construction Input Prices Slide in September, Says ABC

Nonresidential Construction Employment Rises in September, Says ABC

Union Trends, Compliance and Cybersecurity Top-of-Mind for New York Contractors

Commercial Construction Index Shows Record Optimism

Construction Companies Aim to Reduce Waste by Participating in the Circular Economy

North American Rental Revenue Expected to Exceed $71 Billion in 2023

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