The amount of technology available geared specifically toward the construction industry is mind-boggling. There’s drones, robots, smart hard hats, wearables, ruggedized smartphones and tablets, and 3D printers. Soon we’ll have autonomous (self-driving) heavy equipment hitting construction sites. Not to mention the hundreds of software and mobile applications available for nearly every aspect of running a […]
Category: Blog Posts
Construction projects run on strict deadlines, keeping up with client demands, weather changes, missing supplies, and other problems to complete on schedule. A disruption can throw a figurative wrench into the works, making the job that much harder. What are some of the most common sources of disorder, and what can company owners and supervisors […]
Central bank policy-setting interest rates in the U.S. and Canada are currently becalmed. The Federal Reserve’s federal funds rate is presently in a range of 2.25% to 2.50%; the Bank of Canada’s overnight rate is 1.75%. As 2018 wound down, yields appeared set for further hikes. Share prices, homebuilding, and general spending levels all reacted […]
Listed below are ConstructConnect’s Hot Commercial Construction Projects for the week of April 8 – 12, 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. Alabama Nathan’s Ridge Location: Wetumpka, AL Building Use: Multi-Residential – Apartments […]
After disappointing ‘groundbreaking’ results in the first two months of 2019, March delivered a solidly upbeat change. ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $35.0 billion (green shaded box, Table 3 below), an increase of +42.6% versus February, and way above the usual gain as winter makes […]
The accompanying table records the top 10 project starts in the U.S. for March 2019. There are several reasons for highlighting upcoming large projects. Such jobs have often received a fair amount of media coverage. Therefore, people in the industry are on the lookout for when jobsite work actually gets underway. And, as showcase projects, […]
Clichés are often true and it is the case that a picture can be worth a thousand words. Below are six graphs recording 12-month moving averages of ConstructConnect’s nonresidential construction starts. When the value of the current month is higher than for the same month a year ago, the line will turn up; when lower, […]
Construction companies are in business to do two things: build things and make a profit. So why do so many excel at the first thing but struggle to be profitable? Part of the reason is the way bids are solicited and contracts are awarded. Many clients, especially in the public sector, award projects to the […]
With respect to their economies, cities are often judged according to their performances in jobs creation, faster being better than slower, and whether they have low or high unemployment rates. The Tables in this article set out those metrics for the largest (by population) 51 metropolitan statistical areas (MSAs) in the U.S. and 33 census […]
Municipal leaders throughout the country are focusing lots of attention on convention centers. That’s because convention-related business contributes millions to city coffers. Two years ago, communities in the United States with convention centers shared in $845 billion in revenue generated by the meetings industry along with $104 billion in tax receipts. New data shows a […]
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