Written by Associated Builders and Contractors. Despite the loss of 1,000 jobs in March, the nation’s construction industry unemployment rate edged down to 20 percent for the month, according to the April 1 employment report by the Labor Department. Year-over-year, construction employment is down by 36,000 jobs, or 0.6 percent. Today’s rate is lower from […]
Category: construction economy
Building schools provides boost to construction firms
By November 2009, construction employment in the state was off by 5,200 jobs when compared to a year earlier. A year later, construction remained in the doldrums. But continued school building provided a welcome boost for many contractors. In Natrona County, Groathouse Construction completed the CY Middle School last summer, which sent payroll and consumer-spending […]
Spending on Construction Stays Steady
A slow recovery period is projected for the nonresidential construction industry this year, and 2011 spending levels are not anticipated to be enough to show growth over 2010 figures. While activity for institutional projects should hover near 2010 levels, there is likely to be a modest decline in commercial construction. Overall nonresidential construction spending is […]
case-shiller, Construction, construction economy, construction industry, housing process, Mechanics Liens
Property Values Continue to Increase…But the Numbers Are Tricky
Today it was reported that the Standard & Poor’s Case-Shiller Index rose 0.3 percent in January from December, seasonally adjusted. This marks the index’s eighth consecutive monthly increase. But the news was not all good. Seasonal adjustment of data lifts the numbers in the winter months, when the number of home sales is usually much less than the […]
Construction, construction contractors, construction economy, construction liens, contractors v. clients, Mechanics Liens, property liens
Current Economic Environment Leads to Shoddy Work and High Receivables?
When the economy collapsed over a year ago, the construction industry when down with it. As we’ve all heard over the past year, much of the boom was a result of a real estate bubble that was caused by loose bank lending practices. Companies and individuals were able to get lost cost mortgages, and where able […]