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U.S. economy expands, structure investments plummet in Q2

U.S. economy expands, structure investments plummet in Q2

From Construction & Demolition Recycling. The U.S. economy expanded at a 2.1 percent annualized rate during the second quarter of 2019 with consumer spending leading the way, according to a recent Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Economic Analysis data. This rate of growth exceeded the consensus expectation that second quarter growth would be closer to 1.8 percent. 

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Apartment Absorption Shows Weakness

Apartment Absorption Shows Weakness

From the National Association of Home Builders. In the fourth quarter of 2018, 56,950 apartment units were completed, an 18 percent decline from the fourth quarter of 2017 (69,640) (Figure 1). Apartment completions in the fourth quarter of 2018 were at their lowest point since the fourth quarter of 2013.

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Missoula company recycles buildings, 1 brick at a time

Missoula company recycles buildings, 1 brick at a time

From missoulacurrent.com. Built in 1973, the king-size A-frame was an International House of Pancakes for many years. More recently, it was the Best Bet Casino. Now it’s being deconstructed piece by piece, and most of it will be salvaged and recycled for use at other construction projects, thanks to the efforts of a Missoula company called Waste Less Works Deconstruction and Material Recovery.

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CONSTRUCTION EMPLOYMENT INCREASES IN 42 STATES FROM JUNE 2018 TO JUNE 2019, WHILE 30 STATES ADD CONSTRUCTION JOBS BETWEEN MAY AND JUNE

CONSTRUCTION EMPLOYMENT INCREASES IN 42 STATES FROM JUNE 2018 TO JUNE 2019, WHILE 30 STATES ADD CONSTRUCTION JOBS BETWEEN MAY AND JUNE

From AGC.org. Forty-two states added construction jobs between June 2018 and June 2019, while construction employment increased in 30 states from May to June, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials said the new construction employment data demonstrates the need for new federal investments in career and technical education programs, along with immigration reform.

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Why layoff when you can 'upskill' existing workforce?

Why layoff when you can 'upskill' existing workforce?

From businessreport.com. Wanting to meet fast-changing business needs without wasting money and time recruiting new employees, Turner Industries is among many Baton Rouge companies focusing its training efforts on a ready pool of talent: Its own workers.

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Demolition activity in St. Louis up one year after Krewson outlined vacancy plan

Demolition activity in St. Louis up one year after Krewson outlined vacancy plan

From stltoday.com Demolition of abandoned, broken buildings is on the rise. The number of properties held by the city’s land bank is down. Contractors are, for the most part, following a new, safer demolition protocol.

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Construction input prices decrease first time in 3 years

Construction input prices decrease first time in 3 years

From Construction & Demolition Recycling. Construction input prices decreased 1.3 percent on both a monthly and yearly basis in June, according to an Associated Builders and Contractors (ABC) analysis of recently released U.S. Bureau of Labor Statistics’ Producer Price Index (PPI) data. This is the first time in nearly three years that input prices have fallen on a year-over-year basis.

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Construction Job Gains Rose in June, Jobless Rate Picture Mixed

Construction Job Gains Rose in June, Jobless Rate Picture Mixed

From ENR.com. Construction's job gains showed more strength in June than in the previous month but the trends in the industry's unemployment rate varied, the federal Bureau of Labor Statistics has reported. The latest BLS monthly report on the nation's employment picture, released on July 5, showed that construction added 21,000 jobs in June, compared with a revised increase of 5,000 in May.

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Construction association officials voice concerns over tight labor market

Construction association officials voice concerns over tight labor market

From Construction and Demolition Recycling. Construction association officials are raising concerns over higher project costs and increasingly tight labor markets following the latest release of industry employment data. Construction employment increased by 21,000 jobs in June and by 224,000, or 3.2 percent, over the past 12 months, while the number of unemployed job seekers with construction experience fell, according to recent data released by the U.S. Bureau of Labor Statistics.

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May Nonresidential Construction Spending up Compared to 2018 Level

May Nonresidential Construction Spending up Compared to 2018 Level

From forconstructionpros.com. National nonresidential construction spending declined 0.9% in May but saw a 4.4% increase compared to the same time last year.According to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data, national nonresidential construction spending declined 0.9% in May, totaling $788.5 billion on a seasonally adjusted annualized basis and a 4.4% increase compared to the same time last year. While total public and private nonresidential spending declined 0.9% since April, public spending was up 11.2% and private spending was down 0.1% year over year.

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