Public Outlays Turn Positive, Adding to Strength in Private Segments
February 3, 2015
Construction spending rose in December 2014 to a six-year high of $982 billion as public construction for the year increased for the first time since 2009, according to an analysis of construction data by the Associated General Contractors of America (AGC).
Business Confidence Has Generally Been on the Rise
February 2, 2015
Real gross domestic product (GDP) expanded 2.6 percent (seasonally adjusted annual rate) during the fourth quarter of 2014, following a 5 percent increase in the third quarter, according to the Bureau of Economic Analysis. Investment in nonresidential structures increased 2.6 percent.
November Would Have Shown Growth Except for a Sizable Upward Revision to October’s Data
January 6, 2015
Nonresidential construction spending slipped 1 percent on a monthly basis in November, but still managed to expand 4 percent on a year-over-year basis according to the latest figures released by the U.S. Census Bureau. Spending for the month totaled $617 billion on a seasonally adjusted, annualized basis.
Rise in Backlog, Construction Employment, and Nonresidential Spending Expected
December 16, 2014
The Associated Builders and Contractors (ABC) forecasts a steady and ongoing economic recovery for the U.S. commercial and industrial construction industries in 2015. ABC said the reasonably brisk industry recovery in 2014 should continue in 2015.
Capital Resources Will Enable Construction Labor Contractors to Grow
July 9, 2014
Silver Oak Services Partners announced that it has led the recapitalization of Construction Labor Contractors (CLC), in partnership with the company’s founder and management. CLC is a leading provider of skilled trades temporary staffing for the commercial construction market.
FMI has announced the release of its 2013 second quarter Nonresidential Construction Index (NRCI) report. The NRCI score of 60.1 is a two point improvement over the first quarter and is the highest score for the index since its inception in the first quarter of 2009.
HVACR contractors looking for plentiful job opportunities, high salaries, available training, and an abundance of service calls should head for the Golden Coast or the Buckeye State, according to a list of top states to work in HVACR, compiled by Emerson Climate Technologies, a business segment of Emerson.
When you think of workplace violence, do you think it’s something that only happens at other people’s companies? That’s a common reaction, but smart contractors know there are many levels of violence that can occur in the workplace, and they take precautions to ensure their employees are safe, whether in the office or in the field.
Last year, the Environmental Protection Agency (EPA) completed the rollout of version 3 of its Energy Star for New Homes program, and more HVAC contractors became involved in this process to certify efficient homes.
The election has come and gone. And while HVACR contractors held on to hope that November’s ballots would provide a bit of clarity, looming legislative gridlock and unstable economic conditions continue to provide a much murkier forecast.