Tag Archive for economy

Top 5 States for Construction as a Percentage of State GDP

Top 5 States for Construction as a Percentage of State GDPPrivate 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

Infographic: 10 Awesome Construction Apps via Sourceable.net

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.

Top Construction Apps

 

 

 

China-based Builder Completes 57-Story Tower in 19 Days

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.

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Limited-time Offer for Renting ModSpace Mobile Offices or Portable Storage Units

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How Will Lower Oil Prices Affect the Construction Industry?

How will lower oil prices affect the construction industry?With the cost of oil hovering around $50 a barrel, economists are projecting both positive and negative effects on a national and global scale. But how will lower oil prices affect construction, an industry that’s looking for a big year, and heavily reliant on fuel for transportation, heavy equipment and more?

ENR.com attempted to answer this question in the recent article, Contractors Get Reprieve at the Pump.

While responses are mixed, we thought you’d find the perspectives interesting as you look forward to the building season. What do you think? Share your thoughts with us in the comments below.

2014 Construction Industry Roundup and 2015 Forecast

2014 Construction Industry Roundup and 2015 ForecastWhile architects, engineers and construction pros close the books on 2014, industry experts have already crunched mountains of data and released their predictions regarding where the construction industry is headed in 2015. Here are some highlights from industry analysts.

The Associated General Contractors of America @AGCofA

AGC of America Economist Ken Simonson took a look back at 2014. In a recent release, Simonson cited a report from the Department of Labor which confirmed 37 states and the District of Columbia added jobs between October 2013 and October 2014. The association’s chief economist noted, “These year-over-year and one-month changes show that construction is doing well in most of the country. Yet, the list of states that have added construction jobs varies from month to month, showing that the industry’s recovery remains vulnerable to worker shortages and unfavorable governmental actions.”

Forbes @Forbes

Houston was the fastest growing U.S. city in 2014, according to Forbes Staff Writer Erin Carlyle. The oil industry metropolis was the site of $25.1 billion in new construction in Read more