July Featured Mega Project Strength ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $45.4 billion (green shaded box, Table 3 below). The month-to-month change versus June was -1.7%. July's basket of mega projects, however, was a little better than June's. July included 4 projects of more than $1 billion each for a total of $8.7 billion. June had 3 such projects for $7.1 billion. July featured ultra-large LNG terminal, refinery, hospital and airport work (see Top 10 Project Starts in the U.S. - July 2019).
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Transportation infrastructure will stimulate the U.S. economy significantly over the next few years. Hundreds of large projects have been announced; so many in fact, it should be possible for almost every type of contracting firm to find attractive opportunities.
Listed below are ConstructConnect’s Hot Commercial Construction Projects for the week of August 5 - 9, 2019. Our Hot Projects showcases three currently bidding or sub-bidding projects from all 50 states and the District of Columbia pulled from our extensive database of construction leads.
When it comes to high-risk work like construction and manufacturing, crises are bound to arise. Employees can find themselves in hazardous situations with no easy means of communicating their peril to other workers.
Fed Becomes Erratic in Response to Unorthodox Economic Policy After achieving +3.1% GDP growth in Q1, the U.S. economy stayed healthy in Q2 at +2.1%. In July, according to the latest ‘Employment Situation’ report from the Bureau of Labor Statistics (BLS), +164,000 net jobs were created in America, on top of a +193,000 gain the month before.