Economy: Page 2
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California logs 50K construction apprentices
The state expects to have 100,000 active apprentices, many of them in the construction trades, by the end of 2020.
By Riia O'Donnell and Jean Dimeo
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Construction M&A activity continued to expand in 2017
President Donald Trump's proposed infrastructure plan is among the forces driving mergers and acquisitions in the industry, according to a FMI Capital Advisors report.
By Kim Slowey • May 22, 2018
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Seattle construction workers brace for possible slowdown
Despite the Washington city's building boom, its construction workers wonder how the new head tax and other factors will affect business.
By Kim Slowey • May 16, 2018
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Competition has banks easing up on commercial lending
A Federal Reserve Board survey revealed that commercial lenders' loan standards are the most relaxed they have been in three years.
By Kim Slowey • May 15, 2018
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April construction jobs up 17K for post-recession high
A 3.5% average wage hike is helping to recruit more experienced construction workers.
By Kim Slowey • May 08, 2018
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Report: Construction costs continue to increase amid tariff uncertainty
The industry is looking to May 1 when the Trump administration will issue a decision on which countries will be exempt from steel and aluminum tariffs.
By Kim Slowey • April 26, 2018
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City officials split on who should pay for $17B California Delta tunnels
Delegations from Los Angeles and San Diego voted against investing billions in the Sacramento–San Joaquin River Delta project.
By Kim Slowey • April 24, 2018
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Los Angeles construction costs climbed most in U.S. in 2017
The 7.6% increase for the California city last year was nearly double the 4.2% average uptick the rest of the country experienced.
By Kim Slowey • April 20, 2018
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Raiders' $2B stadium signals strong demand for sports venues
The relatively easy financing process for the Raiders' Las Vegas stadium could motivate other sports teams and cities to build new venues.
By Kim Slowey • April 19, 2018
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Completion of massive construction projects can negatively impact local businesses
When projects wrap up, lodging, food and other services often are left facing a significant downturn in sales.
By Kim Slowey • April 18, 2018
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Material prices increase in March, expected to constrain profit growth
The ABC said that rising material prices and wages will challenge contractor profits in 2018, despite a healthy backlog of work.
By Kim Slowey • April 13, 2018
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FMI: Construction spending will increase 7% in 2018
The management and investment consultancy expects the office sector to lead nonresidential construction spending.
By Kim Slowey • April 11, 2018
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Dodge: March momentum jumps on 9.6% commercial rebound
The data and analytics company reported that this new wave of momentum could be a result of the tax overhaul passed at the end of last year.
By Kim Slowey • April 09, 2018
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Construction employment declines by 15,000 jobs in March
The Associated Builders and Contractors said trade tensions with China and other Trump administration policies could be impacting employment growth.
By Kim Slowey • April 09, 2018
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NYC's construction boom spreading to all boroughs
Activity during the past five years was at its greatest since the recession, with the outer boroughs, particularly, seeing growth.
By Kim Slowey • April 04, 2018
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Construction decelerating, but not declining, experts say
Dodge economist Bob Murray said rising interest rates and material costs and the labor shortage will dampen the industry, but won't cause a cyclical decline.
By Laurie Cowin • April 04, 2018
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Construction boom paying off in executive compensation, bonuses, report says
Construction firms also are spending big to recruit executives, especially those with experience in alternative project delivery methods.
By Kim Slowey • April 03, 2018
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February construction spending inches up 0.1%
Despite the month's growth, the persisting labor shortage and steadily rising material prices are creating a drag on construction spending.
By Kim Slowey • April 03, 2018
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$1.3 trillion spending bill gives infrastructure $21B boost, leaves out direct funding for Gateway program
The bill funds infrastructure and career training but doesn't address federal investment in the $13 billion New York-New Jersey Hudson River tunnel.
By Kim Slowey • March 26, 2018
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Dodge: Value of February construction starts falls 3%
Last month's starts were negatively affected by a lack of big energy projects, although starts for the year ending February 2018 were up 2%.
By Kim Slowey • March 22, 2018
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Nonresidential backlog hits new high in Q4, primes industry for strong 2018
The South still has the most construction projects in the pipeline, but the Northeast's backlog grew the most of any region in the fourth quarter.
By Kim Slowey • March 20, 2018
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9 construction jobs on Indeed's top 25 best jobs list
The 2018 list focuses on jobs with salaries of at least $75,000 and the most job opportunities.
By Kim Slowey • March 19, 2018
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Material prices continue to climb in February
New tariffs and U.S. economic policy have affected the prices for steel, aluminum and softwood lumber, but steel prices were already on the rise.
By Kim Slowey • March 15, 2018
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Home Depot giving $50M for construction skills training
Such programs are part of an industry-wide push to encourage millennials and generations after them to explore the trades.
By Kim Slowey • March 12, 2018
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Construction sees best month of job growth since March 2007
Construction accounted for one-fifth of net new job creation in the U.S. last month.
By Mary Tyler March • March 09, 2018