WASHINGTON (Jan. 27, 2022) — The U.S. economy grew at a 6.9% annualized rate in the fourth quarter of 2021, according to an Associated Builders and Contractors (ABC) analysis of data released by the Bureau of Economic Analysis. Investment in nonresidential structures decreased at an annual rate of 11.4% for the quarter and has now contracted in eight of the past nine quarters.
BIRMINGHAM, Ala. (Jan. 27, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with PeerAssist.
The live, online event, “Technology in Construction: 3 Considerations for Choosing & Implementing the Right Solutions for Your Business” will take place Feb. 17, 2022, at 1 p.m. CST and will share helpful advice on how your company can successfully select and roll out relevant tools.
ARLINGTON, Va. (Jan. 25, 2022) — Construction employment in December remained below levels reached just before the start of the pandemic in more than half of states as firms struggled to find enough workers to hire, according to a new analysis of federal employment data by the Associated General Contractors of America (AGC).
HAMILTON, N.J. (Jan. 19, 2022) — Total construction starts were flat in December with a seasonally adjusted annual rate of $879.3 billion, according to Dodge Construction Network. Residential construction starts gained 4% in December 2021, while nonresidential building starts improved by 3%. Nonbuilding starts, however, declined 12%.