Articles Tagged with ''construction climate''

There are many advantages for women working in the construction industry.

The Trump administration’s policy shifts present both challenges and opportunities for the construction industry.

The association reported that its Construction Backlog Indicator increased to 8.4 months in January.

The construction industry added fewer jobs in January but on a year-over-year basis, industry employment has increased by 178,000 jobs, an increase of 2.2 percent. 

Ed Sullivan, chief economist and senior vice president of market intelligence for the Portland Cement Association — which represents America’s cement manufacturers — says that the Federal Reserve’s recent move to lower interest rates, coupled with easing inflation, signals a significant retreat in interest rate levels by the end of next year…all to the benefit of construction activity.

Capstone Partners, a leading middle-market investment banking firm, released its May 2024 Construction Services Sector Update, reporting that the construction market has remained cautiously optimistic amid volatile macroeconomic conditions, buoyed by healthy project backlogs and profit margins.

PCL Construction’s president, Deron Brown, forecasts key trends shaping U.S. construction in 2024. Government funding, re-shoring manufacturing and a boost in tourism are converging to create a demand for the construction of megaprojects and landmark builds that exceed $1 billion in budget.

The latest Consensus Construction Forecast indicates clear opportunities for growth in a number of segments. But compared to the second half of 2023, the early look in 2024 is more modest.

Total construction spending increased by 0.5 percent in June, driven by increases in most residential and nonresidential construction segments, according to an analysis of federal spending data the Associated General Contractors of America released Aug. 1.

JLG announced Jan. 4 that its latest white paper, “5 New Global Megatrends Impacting the Construction Market,” is now available for free download on #DirectAccess.