Plan for 3 Percent Uptick in Construction Spending in 2019
Following 5 percent growth in total U.S. engineering and construction spending in 2017 and 2017, FMI predicts another increase of 3 percent this year.
Construction and Manufacturing Report Top Job Gains in BLS Report
Total nonfarm payroll employment increased by 312,000 in December and the unemployment rate rose to 3.9 percent. Construction and manufacturing were responsible for the top job gains, in addition to healthcare, food services and retail trade.
Multifamily Trends to Watch in 2019
Emerging multifamily trends will not only impact the type of buildings being built, but also the people who occupy and service them, as well as the amenities and technology they include.
Surety Outlook 2019: The Peak of the Cycle
The construction industry's upswing won’t last forever, so wise contractors will maintain a highly skilled workforce while driving continuous improvement of operating, accounting and cash management standards.
Construction Employment Rises to Close Out 2018, Says ABC
Construction employment expanded by 38,000 net new jobs in December. Across the industry, employment is up by 280,000 year-over-year, an increase of 4 percent.
How the Government Shutdown Affects Small Construction Contractors
One of the immediate effects of the shutdown is that construction companies working for government bodies may have to pause projects and wait for due payments until the deadlock passes.
Construct Contracts to Ease Increasing Prices and Tariff Risks
The projected increase in U.S. construction activity is being pinned against the risks of tariffs, increased building costs and disruptions in the supply chain—resulting in increased prices for key construction materials. Amid the uncertainty, contractors should evaluate contract solutions.
North American Rental Revenue Forecast to Surpass $71 Billion in 2022
Equipment and event rental revenues in North America are expected to exceed $71.7 billion in 2022, including $65.4 billion in the United States and $6.3 billion in Canada, according to a recent report by the ARA.
