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 […]

Growth and change are descriptors common to colleges and universities throughout the country. That’s where the focus is…but managing the two is almost impossible without an abundance of human effort and financial investment. It would be hard to find individuals anywhere who disagree with the importance of higher education, but public funding has not kept […]

After being delayed a month due to the recent government shutdown, the U.S. Census Bureau just released the latest construction spending numbers for November 2018. Construction spending rose 0.8% in November to a seasonally adjusted annual rate of $1,299.9 billion. October’s estimate was revised down from $1,308.8 billion to $1,289.7 billion. September’s estimate for construction […]

Hard to believe…but spending on urban parks is up 30% over last year.  At least that is what the U.S. Department of Commerce reports. This statistic is important because it represents millions of dollars of new contracting opportunities for companies from almost every industry sector. Today’s municipal parks are treasured city assets. Most are structured […]

Billings from architecture firms grew for the 14th consecutive month in November, according to the latest Architecture Billings Index (ABI) from the American Institute of Architects (AIA). The November ABI score was 54.7, matching the year’s high score from January and up from October’s score of 50.4. The continued growth in billings should mean a […]