January 20th, 2022
Darwin got his from over 100 pigeons. Galileo used crude telescopes to get his. Marie Curie had a pocket watch. George Washington Carver a microscope. And Florence Nightingale saved lives with it.
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Currently, there’s no letup in the rising tide of construction material costs. Graph 1 shows that the average year-over-year increase for two material cost indices published along with Producer Price Index results by the Bureau of Labor Statistics is forging ahead more than twice as speedily as bid prices (i.e., +26.6% y/y vs +12.4%).
A Less Than Impressive Megaproject Revival ConstructConnect announced today that December 2021's volume of construction starts, excluding residential work, was $25.8 billion (see shaded green box, bottom of Table 10), a decrease of -16.8% compared with November 2021's level of $31.0 billion (originally reported as $30.4 billion).
January 17th, 2022
All in all, 2021 was an okay year for the commercial construction industry. Overall construction spending was up, with residential construction put-in-place seeing an increase but nonresidential experiencing its second year of decline.
January 10th, 2022
Construction doesn’t stop when winter weather strikes, so it’s important to know what steps to take to keep your workers warm and safe. Before the next major winter storm starts to impact your area with snow and ice accumulation, be prepared and review these winter weather safety tips for keeping your workers safe.
January 7th, 2022
+199,000 Net Jobs Gain in the United States The increase in the total number of jobs in the United States between the two finishing months of 2021, November and December, according to the latest Employment Situation report from the Bureau of Labor Statistics (BLS), was +199,000.
January 6th, 2022
Omicron! A word that is perfect for the times. It would be easy to imagine it originating in some fictitious techno-saturated supervillain universe that has risen to prominence in popular culture. Seemingly, it’s a virus label chosen to generate maximum angst.