June 5, 2023 — Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe.
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BIRMINGHAM, Ala. (June 1, 2023) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with AvidXchange.
The live, online event, “How Labor Shortages & Virtual Work Are Changing Purchase-to-Pay Processes,” will take place June 22, 2023, at 1 p.m. CDT and will review common pain points and solutions.
Registration is free at constructionbusinessowner.com/webinars.
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HAMILTON, N.J. (May 18, 2023) — Total construction starts fell 4% in April to a seasonally adjusted annual rate of $1.04 trillion, according to Dodge Construction Network. Nonresidential starts led the drop as manufacturing fell 22% following strong performance in March. To balance the decline, nonbuilding starts rose 7%, and residential building stats gained 12%.