Archive for construction SmartBlogs
Six years of recession in the U.S. has cut a $1.2 trillion-a-year construction industry into one that is worth about $800 billion a year. It also chopped more than 2 million jobs from the industry, according to data from the Associated General Contractors of America. However, a survey by AGC and co-sponsored by Computer Guidance leads AGC to look at 2013 as a potential turning point with tentative signs of recovery.[…] Continue Reading »
Brad M. Hutensky is the principal of Hutensky Capital Partners, a fund manager that invests in U.S. retail real estate and the 2012-13 chairman of the International Council of Shopping Centers.
As we look forward to a new year, what challenges do you see the shopping center industry facing, and how best do these need to be addressed?[…] Continue Reading »
The architecture, engineering and construction industry is in better shape than it was a year ago, and the upward trend could continue, three economists said during a webcast by Reed Construction Data. However, the “fiscal cliff,” troubled state economies, tight lending standards and the Obama administration’s regulatory agenda are headwinds that could alter the trend, they said.[…] Continue Reading »
Regulatory uncertainty, sub-par gross domestic product growth, an inventory of distressed residential properties and a Congress that sees compromise “as a four-letter word” — as Bernard Markstein, chief economist at Reed Construction Data, put it — all contribute to a feeling of uncertainty about the country’s economic growth, particularly in the architecture, engineering and construction industries hard hit by the recent recession.[…] Continue Reading »
The Associated General Contractors of America and its member commercial-construction contractors exist in an ever-evolving political and economic climate. Constricted credit markets, lengthy project-approval processes and burgeoning regulatory requirements have taken their toll on the industry and by spring of 2010, nearly 2 million construction workers had lost their jobs when projects were postponed or cancelled.
Understanding that recovery would come, AGC focused on innovation — adapting and improving to meet the needs of a changing industry.[…] Continue Reading »
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