The October jobs report would seem to represent a peak in the construction industry as builders added only 1,000 jobs. But is more at play? … READ MORE >
Nick Grandy
Biden’s $1.2 trillion infrastructure package and the construction industry
The new legislation offers construction a sustained capital infusion over the next five to seven years that will provide longer-term opportunities for growth, while helping to shore up America’s aging infrastructure. … READ MORE >
CHART OF THE DAY: Existing home sales surge
Existing home sales surged in July by the most on record, increasing 24.7% from June to a 5.86 million annualized rate. The housing market has been booming as a result of low mortgage rates, which have been hovering around 3%, pent up demand from millennials who have been entering the … … READ MORE >
Laying the foundation for construction’s IT future
As the construction sector is poised to pick up, construction companies should look to participate in digital transformation, by deploying new technologies on and off the jobsite to build flexible and resilient operations that can promote long-term growth. … READ MORE >
Construction sector uncertainty shows up in labor, loans and demand data
Slow and uncertain—that is the state of the construction ecosystem right now. The unstable environment for builders has resulted in huge layoffs for their workforce and a disproportionate amount of loans taken under a new SBA lending relief program. … READ MORE >