$25 billion in non-residential construction starts in March marked a 32.4% climb over February numbers according to the just released Construction Industry Snapshot by CMD Group, formerly Reed Construction Data. The positive number in March confirms an upward trend in construction spending, but falls short of the same period last year when spending increased by 40.3%. For comparison, the long-term February-to-March increase has been 6.0%. See the full report from CMD here.
Tag Archive for economy
Private construction can have a tremendous impact on a state’s economy. A new report by the Associated Builders and Contractors (ABC) ranks all 50 states based on their contribution to state gross domestic product.
In 1997 and 1998, construction accounted for 6.14% of national GDP. That number declined dramatically the following year and has risen slowly ever since. In 2013, the most recent year for this data, construction was 3.73% of national GDP. That number does not include related costs such as transportation, the demand for building materials, financial services or subsequent purchases from buyers. These additional costs add as much as 2 to 3% making construction even more Read more
Smart phones are working in construction almost as hard as the construction professionals that use them. But finding the latest and greatest Apps can be a challenge that consumes as much time as a quality App saves. Fortunately, the gang at Sourceable.net compiled their list of the Top 10 Construction Apps to simplify our search. Click on the image below to view the full infographic and see which Apps you should be downloading.
We’ve told you before that modular construction is faster than conventional building. Well, Broad Sustainable Building has shown the amazing speed of modular once again. The China-based builder has delivered several large-scale modular projects at unbelievable speeds. Their most recent project, a 57-story high-rise, was completed in just 19 days. Don’t believe us? Watch the time-lapse video below and see for yourself.