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.
Are you thinking you’ll be busier in 2022 than in 2021? If that’s the case—it may be a great time to add new construction software or new or used equipment and deduct all of it on this year’s taxes.
Learn how we can help you.
We’re a little over a year and a half into the COVID-19 pandemic and the construction industry, like many other industries, is maneuvering several obstacles on its road to recovery. I think it’s important that we take time to understand what this means in the immediate and for the long-term.
Construction is the largest global industry that accounts for 13% of global GDP. It encompasses infrastructure, industrial structures, and real estate and today many companies are adjusting their business models to embrace the next normal in construction.
Our story begins during the late ‘70s and early ‘80s when two independent companies, Construction Data out of Philadelphia and Construction Market Data of Atlanta, were just starting out. In 2015 these two former competitors joined forces with Chicago-based BidClerk and Cincinnati-based iSqFt, who had completed a merger the previous year, for what would become ConstructConnect in 2016. Later that year, ConstructConnect would make another strategic move by joining the Roper Technologies portfolio.
Last week, President Biden unveiled the American Jobs Plan, an ambitious $2 trillion infrastructure plan. In addition to investing in rebuilding the nation’s crumbling roads and bridges, there would be strong focus on resiliency and sustainability. The plan would also focus on improving drinking water infrastructure, energy infrastructure, and high-speed broadband infrastructure.
It’s been a little over a year since the World Health Organization declared COVID-19 a pandemic. In the days and weeks that followed, we started to get a feel of how it would impact our lives as states began issuing stay-at-home orders, mandating people shelter in place except for essential work and activities.
Long viewed as a male-dominated field, the construction industry has slowly been adding more and more women to their offices and jobsites as they fill roles as varied as construction technologists to painters.
Here’s a quick rundown of this week’s top news and happenings in the construction industry. Each week, we’ll take a look at some of the interesting local, regional, and national stories about construction to keep you better informed of the goings-on in the industry.