Economics (24)

Virtual Estimates Could Change Construction Industry Long After Pandemic Dissipates

Construction and installation projects dependent on initial estimates are using a “remote estimating service” to conduct them online. So reports Bisnow.


Nonresidential Construction Hits New High, Experts Warn Coronavirus Might Stunt Gains

Nonresidential construction spending across the U.S. hit an all-time high in January, totaling nearly $807 billion, according to an analysis from the Associated Builders and Contractors (ABC).


Global Construction Rental Equipment Market to See 5% CAGR Through 2024: Analysis

A new report shows the “global construction equipment rental market” is expected to grow $28.86 billion in the next four years. So reports Yahoo! Finance.


Builders’ Survey: The Future is Bright in 2020

A recent survey from the Associated General Contractors of America (AGC) found most contractors have expressed optimism about the financial outlook of upcoming projects and plan to continue adding workers through 2020. However, finding labor still remains a challenge.


Material Prices Down, Employment Up in August: Reports

A pair of reports from leading industry trade groups shows construction input prices are down nearly 1% year-over-year while employment is up 2.4%.


Material Costs Rising As Trade Talks Are Up in the Air

According to a new report, construction material costs were up almost 1% in April, and 2.4% compared to the same time last year.


New Homes Month Brings Mixed Bag of Jobs, Pricing Data

While April is New Homes Month, new data shows prices remain an obstacle for those looking to move into a new place.


Commerce Dept: Construction Spending Tapered Off As Year Ended

Despite an expectation it would increase, construction spending in December fell as public and private investments each dropped. So reports CNBC.


Wages Up 3.9% Year-Over-Year, Outpacing Economy

Hourly wages in the construction industry climbed to $30.44 last month, pushing the average wage up almost 4% from December 2017 to December 2018, according to an analysis from the Associated General Contractors of America (AGC).


Dipping Mortgage Rates Bode Well for Housing Market: Experts

Homebuyers are expected to make out well as the calendar flips into 2019, as experts expect mortgage rates to drop. So reports Housing Wire.


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