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|April 21, 2023||Construction Resilient Despite Some Recession Indicators||
The Federal Reserve had spent months rapidly raising borrowing costs to control inflation. These moves were expected to slow growth and the labor market to the point where the economy would enter a ...Read more
|March 28, 2023||Nine US States Testing “Talking Concrete” Sensor Data||
Concrete roads have several benefits, making them a popular construction material choice for building roads and interstate highways in America. But it has certain drawbacks.
Concrete's tensil ...Read more
|March 22, 2023||Market Uncertainty Could Harm Construction Industry||
The recent closure of Silicon Valley Bank and Signature Bank in the United States, and UBS-Suisse Credit deal has shaken the global economy. Contractors and other associated construction sector fou ...Read more
|December 7, 2022||Rising Diesel Prices Being Felt By Contractors||
Gas prices have been in the news since they skyrocketed in the first half of the year. The national average reached $5 per gallon in June. Prices in some areas of the country exceeded $6 per gallon ...Read more
|November 2, 2022||US Residential Construction Enters Slump||
The decline in US home construction during the third quarter is being felt, as rising mortgage rates hammer demand.
Residential investment fell by 26.4% annually during the period, marking th ...Read more
|October 27, 2022||PCL Construction Sees 60% Growth in Solar Division's Revenue||
The Alberta-based contractor PCL Construction has experienced significant growth in terms of revenue and headcount in its solar construction department. A significant part of the firm's work is in ...Read more
|September 16, 2022||Job Costing is Essential for Construction Estimators||
For a government construction contractors, an essential part of their job is bidding on projects. To win the contract and make a profit, it is necessary to make the right cost estimation based on a ...Read more
|July 13, 2022||Commercial Construction Hits Recession||
Rising interest rates, supply chain issues, and construction material costs are contributing to an emerging recession.
According to some contractors, developers are delaying projects recent ...Read more
|June 29, 2022||Global HVAC Industry Estimated to Reach $278.9b by 2027||
With growing populations and improved living standards, and urbanization and a growing number of office jobs a result has been an increasing need for the installation of HVAC systems.
Accordi ...Read more
|June 28, 2022||Public Works Projects Face Rising Costs, Higher Bids||
The Infrastructure Investment and Jobs Act or IIJA, dubbed the Bipartisan Infrastructure Law has provided...Read more