This is some blog description about this site

Recovery Bolsters Business Transformations, New S&P Survey Shows

Businesses are increasingly optimistic as the economy continues to recover from the pandemic, according to a survey published by S&P Global Market Intelligence this week. This optimism is despite the varying levels of transformation several companies have undergone due to COVID-19.According to the survey, 90% of businesses noted some degree of ...
Continue reading
  1721 Hits
  0 Comments
Tags:
1721 Hits
0 Comments

American Express Survey: Global B2B Spending is on the Rise

Business-to-business (B2B) spending continues to increase, which indicates that businesses are becoming more confident about the future economy, according to American Express Global Spend Indicator data released yesterday.Of the surveyed companies, 70% worldwide share an optimistic outlook for the next 12 months, the report finds.Companies are star...
Continue reading
  1447 Hits
  0 Comments
Tags:
1447 Hits
0 Comments

Middle East Shifting Focus Toward Renewable Energy to Boost Economy

 The Middle East has relied on the production and distribution of oil for decades to sustain its economy. Now, with GDP projecting a decrease in oil and non-oil growth in the coming years, that production is expected to decline as the Gulf region prepares to invest more in renewable energy sources."We reject the false choice between preserving...
Continue reading
  1436 Hits
  0 Comments
Tags:
1436 Hits
0 Comments

Revised NRF Report: Economic Recovery Post-COVID Stronger than Expected

The economy is expected to bounce back at a stronger rate than originally predicted in the second half of 2021, said National Retail Federation Chief Economist Jack Kleinhenz in the Monthly Economic Review earlier this month."It has become clear that the U.S. economy and retail sales are growing far faster and more steadily than anyone could have e...
Continue reading
  1392 Hits
  0 Comments
Tags:
1392 Hits
0 Comments

Construction Input Prices Rise 4.6% in May; Softwood Lumber Prices Up 154% From a Year Ago

Construction input prices increased 4.6% in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics' Producer Price Index data released today. Nonresidential construction input prices increased 4.8% for the month.Construction input prices are 24.3% higher than a year ago, w...
Continue reading
  2202 Hits
  0 Comments
Tags:
2202 Hits
0 Comments

Will BIM Become the Standard in the USA?

Construction projects around the world have been, and are continually being revolutionized by the techniques of Building Information Management, or BIM. The benefits of BIM in the realms of architecture, engineering, and construction are multifaceted, from improvements in speed and efficiency to reducing materials wasted and increasing safety. Thes...
Continue reading
  5675 Hits
  1 Comment
Tags:
Recent comment in this post
Alyssa Lauren
Nice to see the details regarding the Building Information Management shared ecommerce image editing service here. The news said t... Read More
Wednesday, 07 April 2021 18:32
5675 Hits
1 Comment

Construction Jobs Take a Hit in January

The construction industry took a hit in January after losing 3,000 jobs on net, which Associated Builders and Contractors (ABC) Chief Economist Anirban Basu likened to "the damage to many state and local government balance sheets." Despite the setback last month, ABC said the construction industry added 857,000 jobs over the past nine months and re...
Continue reading
  5254 Hits
  0 Comments
Tags:
5254 Hits
0 Comments

Promising End to 2020 Housing Starts Don’t Guarantee 2021 Success

The construction industry ended 2020 on relatively good terms, specifically in regards to housing starts. Despite the hit to the multifamily sector—which decreased 13.6% in December—the National Association of Home Builders (NAHB) reported that gains in single-family housing starts led to an increase in overall housing starts of nearly 6%.Acco...
Continue reading
  6051 Hits
  0 Comments
Tags:
6051 Hits
0 Comments

Rise in Nonresidential Construction Input Prices Raise Concerns

Construction input prices remained relatively low during the latter half of 2020, but December's nearly 2% increase in pricing has nonresidential contractors concerned.Nonresidential construction input prices were the cause behind the unexpected increase, with a annual change of 2.7%, according to Associated Builders and Contractors (ABC)...
Continue reading
  5557 Hits
  0 Comments
Tags:
5557 Hits
0 Comments

Construction Industry Ends 2020 with an Uptick in Jobs

The construction industry ended 2020 on a positive note with the addition of 51,000 net new jobs in December and a recovery of more than 79% of construction jobs lost since the pandemic struck the U.S. Nonresidential construction employment was behind the industry's gain, adding 29,000 net jobs.According to Associated Builders and Contractors (ABC)...
Continue reading
  4601 Hits
  0 Comments
Tags:
4601 Hits
0 Comments

Congress Closing in on Additional COVID-19 Relief

As of the morning of Dec. 17, Congress has yet to reach a final deal on the next COVID-19 relief package and omnibus government funding bill, but leadership worked through the night and has reportedly made significant progress. All signs point to a deal on Friday or over the weekend, averting a government shutdown and providing some COVID-19 relief...
Continue reading
  5312 Hits
  0 Comments
Tags:
5312 Hits
0 Comments

Steady Construction Input Prices Could Change in 2021

Contractors saw a 0.5% decline in construction input prices in November, a slight increase over the prior year. Although Associated Builders and Contractors (ABC) Chief Economist Anirban Basu described the price drop as "a natural growth of a strong economic rebound," there's still a possibility of a resurgence in prices next year.Softwood lumber w...
Continue reading
  4998 Hits
  0 Comments
Tags:
4998 Hits
0 Comments

Dodge Momentum Index Falls in November

The Dodge Momentum Index (DMI) saw a slight step back in November, the second straight month with a decline. The Momentum Index from Dodge Data & Analytics, which measures nonresidential building projects at their first reporting, fell 2.6%."Uncertainty over the potential for further federal stimulus has significantly complicated the recovery a...
Continue reading
  5035 Hits
  0 Comments
Tags:
5035 Hits
0 Comments

Nonresidential Construction Adds More Jobs

The construction industry is likely to see a slowdown in the coming winter months, but a promising start was shown in November in part by the addition of 27,000 net new jobs. According to Associated Builders and Contractors' (ABC) analysis of U.S. Bureau of Labor Statistics data, the latest round of new jobs brings the industry's new added job tota...
Continue reading
  4917 Hits
  0 Comments
Tags:
4917 Hits
0 Comments

Existing-Home Sales Increase in October

Existing-home sales continue to climb as housing inventory dwindles in the U.S. For the fifth straight month, sales increased in October, according to the National Association of Realtors. The seasonally adjusted rate of 6.85 million is 4.3% ahead of September, 26.6% above October 2019 and at its highest pace in 14 years. "The surge in sales in rec...
Continue reading
  4991 Hits
  0 Comments
Tags:
4991 Hits
0 Comments

Winter Slowdown-Pandemic Combo a New Hurdle for Construction

Winter is coming and that means the inevitable slowdown in construction is not far behind. Depending upon specialties, some construction companies fare better than others during the winter months, but slight declines in overall business are common during the industry's offseason. What remains uncharted territory for many in the sector is the combin...
Continue reading
  4611 Hits
  0 Comments
Tags:
4611 Hits
0 Comments

Construction Input Prices 'Virtually Unchanged' in October

The common proverb, "No news is good news," rang true for the construction industry last month after the U.S. Bureau of Labor Statistics' Producer Price Index found input prices were "virtually unchanged," according to Associated Builders and Contractors (ABC). Although construction input prices increased just over 1% in October year over year (YOY...
Continue reading
  4854 Hits
  0 Comments
Tags:
4854 Hits
0 Comments

Dodge Momentum Index Sees First Decline Since Summer

The Dodge Momentum Index saw a slight slip in October, falling for the first time since June. The Index declined 1.8%, according to Dodge Data & Analytics. The Momentum Index measures the initial report of nonresidential projects in planning, which has been an indicator for nonresidential construction spending."Economic growth has slowed over t...
Continue reading
  5095 Hits
  0 Comments
Tags:
5095 Hits
0 Comments

Construction Unemployment Makes Strands in October, But Still Needs Work

October proved to be another successful month for the construction industry, adding 84,000 net new jobs and bringing the sector's unemployment rate to 6.8%. According to Associated Builders and Contractors (ABC), the industry has fared well over the past six months with a 73% recovery of jobs lost during the early days of COVID-19. Analysts say non...
Continue reading
  5067 Hits
  0 Comments
Tags:
5067 Hits
0 Comments

Construction Spending Slows, Still Increases in September

Construction spending continued to increase in September, but outlays have slowed slightly. Total construction spending increased 0.3% in September compared to August, according to this week's release from the Census Bureau. Spending is also above September 2019 by 1.5%. However, the improvement slowed from August 2020 when spending increased by 0....
Continue reading
  4726 Hits
  0 Comments
Tags:
4726 Hits
0 Comments