The HVAC services market is forecast to grow at a compound annual growth rate (CAGR) of 6.62 percent, according to the new report by ReportsnReports.com, Global HVAC Services Market 2017-2021.
On April 22, people all over the globe celebrated Earth Day. This holiday serves as a reminder to many that we all need to do our part to preserve the planet. While some plant trees, recycle, or clean parks, the HVACR industry touts the potency of geothermal heating and cooling.
The U.S. Bureau of Labor Statistics released its March employment data, which revealed a slowing of job growth from previous months. A clear bright spot in the report was the 7,300 new jobs in nonresidential specialty trade construction.
Expectations for 2017 have become less optimistic, but the majority of industrial and commercial construction contractors still expect growth this year, according to the latest Associated Builders and Contractors Inc. (ABC) Construction Confidence Index (CCI). Although all three diffusion indices in the survey — profit margins, sales, and staffing levels —fell by more than five points, they remain well above the threshold of 50, which signals that construction activity will continue to be one of the few significant drivers of economic growth.
The Bureau of Labor Statistics released its February jobs report, marking another month of growth in construction employment. Of the 235,000 jobs created in February, 25 percent were in the construction industry. The specialty construction trades drove the increase in construction employment, accounting for over 62 percent of the job growth in the construction industry.
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National construction employment started 2017 on a high note, adding 36,000 net new jobs on a seasonally adjusted basis in January, according to analysis of U.S. Bureau of Labor Statistics data released by the Associated Builders and Contractors (ABC). The 0.5 percent increase represents the best month for construction employment growth since March of 2016.
Mowery, a construction company based in Mechanicsburg, Pennsylvania, announced the addition of Jared Rohrbaugh of Dover, Pennsylvania, as a project leader in the special projects group.
Mowery, a construction company based in Mechanicsburg, Pennsylvania, announced the addition of Tim Johnson of Waynesboro, Pennsylvania as a project manager.
Winsupply Inc., a supplier of residential and commercial construction and industrial supplies and materials, announced Roland Gordon has been named chief executive officer of the company.