Cities with vibrant cultural assets attract tourists, retail establishments, hotels, real estate developers, and appreciation from local citizens. Cultural facilities also boost a region’s economic engine. The 2002 redevelopment of Millennium Park in Chicago, for example, spurred $1.6 billion in revitalization nearby. Libraries, museums, multipurpose theaters, recreational venues, and civic centers also are key components […]

There are often dire predictions about the U.S. housing marketplace. Experts in the commercial sector worry about interest rates, construction labor shortages, and declining demand. In the government housing marketplace, however, the concerns all center on the great demand for affordable housing, student housing on college and university campuses, and homeless shelters and public housing […]

Cities throughout the United States are announcing revitalization projects. The trend is strong—so strong, in fact, that it’s hard to find a state without a number of cities either in the planning or launching stages of rebuilding their urban cores. These types of initiatives have common components, and they all have a need for private […]

The recent Panama Canal expansion created what some call “a whole new world” for U.S. ports. Megaships now carry more tonnage, cargo is more diverse and much more of it is shipped throughout the world…especially to U.S. ports. Contractors are in high demand to help ports update infrastructure, add new rail lines, construct more storage […]

Construction spending fell 0.9% in March to a seasonally adjusted annual rate of $1,282.2 billion. February’s estimate was revised down from $1,320.3 billion to $1,293.3 billion. January’s estimate was revised back down from $1,307.3 billion to $1,284.7 billion. The March estimate for total construction spending is 0.8% lower than a year ago when the March […]

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 […]

Construction spending climbed 1.0% in February to a seasonally adjusted annual rate of $1,320.3 billion. January’s estimate was revised up from $1,279.6 billion to $1,307.3 billion. December’s estimate was revised back up from $1,263.1 billion to $1,276.0 billion. The February estimate for total construction spending is 1.1% higher than a year ago when the February […]

Cities and counties have common problems throughout the U.S. And, these common issues are opening up a new marketplace that is catching the attention of investors and contractors. There’s definitely a trend developing here. Public officials at the state and local levels of government are seeking alternative sources of funding to deal with thousands of […]

President Trump talked a lot about health issues (cancer treatment, HIV research, drug prices, etc.) in his recent State of the Union address. Other elected officials throughout the country are also speaking out about healthcare issues. There is no alternative to providing citizens with healthcare services and government leaders are searching for ways to upgrade, […]

Construction spending fell 0.6% in December 2018 to a seasonally adjusted annual rate of $1,297.7 billion, according to the latest report from the U.S. Census Bureau. November’s estimate was revised up from $1,299.9 billion to $1,300.6 billion. October’s estimate was revised back up from $1,289.7 billion to $1,290.6 billion. The December estimate for total construction […]