What Businesses Need to Know about Modern Slavery Act
Ageing Pipelines Turn to Robotics for Much Needed Repairs
The Anatomy of Requests for Information (RFIs)
Putting Construction Waste in its Place
Why You May Need a Social Licence to Operate – And How to Get It
Reaching New Heights With Sustainability
Australia's Largest Waste to Fuel Plant Opens in Sydney
What Happens to Queensland's Site after Commonwealth Games?
By Associated Press
June 7, 2018
WASHINGTON (AP) — U.S. construction spending surged 1.8 percent to a record high in April as home building rose by the largest amount in 24 years.
The April gain reversed a 1.7 percent drop in March, the Commerce Department reported Friday. The strength stemmed from a sizable 4.5 percent rise in residential construction, the biggest percentage gain since November 1993. Non-residential construction rose by a more modest 0.8 percent while spending on government projects fell 1.3 percent as both the federal government and state and local governments saw declines.
The overall gain pushed construction to an all-time high of $1.31 trillion at a seasonally adjusted annual rate, 7.6 percent above the level of a year ago. Construction is expected to provide a healthy contribution to economic growth this year.
The gain in home construction marked a rebound from a 2.6 percent drop in March and was driven by a 3.6 percent jump in the volatile apartment sector. Spending on single-family homes was flat in April. But the overall level of residential spending was the highest since October 2006. The increase in nonresidential spending included a 3 percent rise in spending on hotels and motels and a 1.8 percent rise in office building.
The weakness in government spending reflects in part tight budgets at all levels of government. State and local construction spending edged down 0.3 percent, while spending by the federal government dropped 10.2 percent.
The widest used rating system for green building is Leadership in Energy and Environmental Design (LEED), developed by the U.S. Green Building Council (USGBC). It’s no surprise, then, that major U.... Read More
July 1, 2018
Hear Brad Hyatt, Associate Professor at California State University Fresno, discuss what students are learning in school to prepare them for const... Read More
Budget. Schedule. Quality. The trifecta of a project. But balancing that trifecta isn't easy to do. Our webinar, led by construction industry exper... Read More
Building in the "Big Easy" sometimes isn't. The challenges faced by Landis Construction aren't often understood by out-of-towners, because when it'... Read More
Estimating mistakes cost contractors plenty. And, with the demand from customers for estimates on-the-fly, the chances of missing the mark increase... Read More
In all big construction projects, time is money, and few projects drag along as painfully slow as high-rise buildings. A new method of construction... Read More
June 25, 2018
Improving safety and efficiency on projects is an important consideration for any construction company, and to that end, some are turning to unmann... Read More