Nonresidential Fixed Investment Returns to Earth in Q3, Says ABC
The U.S. economy expanded at a 3.5 percent annualized rate during the third quarter of 2018, according to an Associated Builders and Contractors analysis of U.S. Bureau of Economic Analysis data released today. This represents the first time there have been two consecutive quarters of 3 percent-plus growth since the beginning of 2015. Despite the…
McCrory Construction Celebrates its 100th Anniversary: Q&A with Allen Amsler, President and CEO
“A century strong and counting” is a statement few construction services firms can make. McCrory Construction is proud to be one of the exceptions. Now under fourth-generation private ownership, Columbia-based McCrory is celebrating its 100th year in business in 2018. McCrory is a full-service general contractor ranked among the Southeast’s largest and most respected construction…
Cely Construction Company Names Kevin Talbott Chief Operating Officer
Greenville, S.C. – Kevin Talbott has joined Cely Construction as Chief Operating Officer (COO) and Manager of Projects. As COO, Talbott is responsible for the strategic direction, growth, and operational success of the company. In this role, Talbott will utilize his experience in negotiation, construction management, project management, engineering, leadership and field management as well as internal controls….
Construction Employment Rises from September 2017 to 2018
Florida Has Biggest Annual Job Increase While New Jersey Has Worst Loss; Pennsylvania and Kentucky Have Largest One-Month Gains as Michigan and Kansas Trail Forty-five states and the District of Columbia added construction jobs between September 2017 and September 2018, while 29 states and D.C. added construction jobs between August and September, according to an…
September Construction Starts Settle Back 5 Percent
New construction starts in September fell 5% from the previous month to a seasonally adjusted annual rate of $709.6 billion, according to Dodge Data & Analytics. The September downturn followed 9% declines in both July and August, as the pace of construction starts has now pulled back for the third month in a row after…
Safety Risks in Commercial Construction Industry Exacerbated by Workforce Shortages
The Q3 2018 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index (Index) released recently indicates skilled labor shortages will have the greatest impact on commercial construction businesses over the next three years. The report revealed 88 percent of contractors expect to feel at least a moderate impact from the workforce shortages in the…
Project Management Basics Every Project Manager Needs to Master
Project managers play a significant role. They are responsible for driving a project from planning towards execution. But how do they get there? The specific responsibilities of a project manager differ from the type of project and industry. However, there are project management basics that every project manager needs to master regardless of the kind…
Construction Materials Increase as Contractors Squeezed
The cost of many products used in construction climbed 7.4 percent over the past year due to double digit increases in commonly-used construction materials, according to an analysis by the Associated General Contractors of America of new Labor Department data. Association officials noted that the cost increases come as many construction firms are already grappling…
Construction Material Prices Rebound in September, Says ABC
Prices for inputs to construction rose 0.3 percent in September and are 7.4 percent higher than a year ago, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data released today. Overall prices for nonresidential construction inputs rose 0.4 percent, reversing last month’s downward trend. Among individual subcategories, softwood lumber…
Construction Industry Adds 23,000 Jobs in September, Says ABC
The U.S. construction industry added 23,000 net new positions in September, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. During the last 12 months, the industry has added 315,000 net new jobs, an increase of 4.5 percent. Nonresidential construction employment expanded by 18,600 net jobs…
