Construction-in-progress spending climbs higher, with Top 25 firms accounting for 60%, as economists predict a megaproject boom will compound resource challenges.
Source: enr.com
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Commercial real estate woes could hurt smaller banks
Some types of CRE, like offices, are suffering, but industrial is strong. A steep downturn may jolt regional banks as well as property owners.
Source: marketplace.org
Nearly two dozen general contractors hiring in Charlotte
The construction industry added 39,000 jobs nationwide in March — the most since January 2023 — according to the Associated General Contractors of America’s most recent analysis of Bureau of Labor Statistics data. Construction employment in March totaled 8.2 million workers.
Source: yahoo.com
New price jumps 'not especially good news' for construction
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
Source: constructiondive.com
Biden urged to prioritise construction training and legal immigration as vacancies soar
Amid ongoing labour shortages in the booming US construction market, employers body the Associated General Contractors of America (AGC) has urged the federal government to “narrow the substantial gap” between what it spends on training for construction and what it spends “urging most students to go to college and work in an office environment”.
Source: globalconstructionreview.com