News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Associated Builders and Contractors / March 18, 2014
Gains in the Associated Builders and Contractors’ (ABC) Construction Confidence Index (CCI) indicate that contractor confidence expanded as 2013 wound to a close, particularly with respect to near-term industry profit margins and staffing levels. The CCI measures construction prospects along three dimensions – revenues, profit margins and hiring. All three indices remained above the threshold value of 50, which indicates growth, and each is up on a year-over-year basis.
During last year’s second half:
- Sales expectations rose from 63 to 63.2
- Profit margin expectations surged
Associated Builders and Contractors / March 7, 2014
The U.S. nonresidential construction industry gained just 400 jobs in February, according to the March 7 employment report by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). The construction industry as a whole added only 15,000 jobs for the month, with the vast majority of new jobs coming from residential construction. The construction unemployment rate expanded to 12.8 percent in February from 12.3 percent in January (non-seasonally adjusted).
The underwhelming jobs number is particularly disappointing given the encouraging 26,600 jobs (revised) the segmentRead More