New industry outlook survey shows contractors expect infrastructure and other public-sector funding will help as growth slows for many types of private construction, but labor shortages and supply chain issues persist
Construction contractors are less optimistic about many private-sector segments than they were a year ago, but their expectations for the public sector market have remained relatively bullish, according to survey results released Jan. 4 by the Associated General Contractors of America and Sage. The findings are detailed in High Hopes for Public Sector Funding Amid Workforce and Supply Chain Challenges: The 2023 Construction Hiring & Business Outlook.
Bentley Systems announced that Brock Ballard, previously vice president and regional executive of Americas, has been promoted to the role of Chief Revenue Officer, and that Eric Boyer has joined as Investor Relations Officer.
JLG announced Jan. 4 that its latest white paper, “5 New Global Megatrends Impacting the Construction Market,” is now available for free download on #DirectAccess.
Association officials urge Biden Administration to address infrastructure regulatory and funding delays, released 2023 outlook during virtual briefing on Jan. 4 offering hiring and market predictions
Total construction spending increased by 0.2 percent in November, dragged down by a lack of new infrastructure projects along with a continuing slide in homebuilding, according to an analysis the Associated General Contractors of America released Jan. 3 of federal spending data. Association officials urged leaders in Washington to speed the release of funds authorized by infrastructure laws passed in 2021 and 2022 and address regulatory delays associated with those projects.
Employees at architectural products provider Golterman & Sabo received an unforgettable holiday surprise. At a recent company meeting, the entire staff learned they would become owners of the more than 75-year-old business.
Miller Fabrication Solutions was named Employer of the Year for Indiana County by the Tri-County Workforce Investment Board. The award highlights the collaboration of business and workforce development in TCWIAB’s three counties and recognizes an employer in each county that has significantly contributed to the region’s workforce development system.
The global building thermal insulation market will grow to $35.3 billion by 2027, a CAGR of 4.7 percent from $8 billion in 2022. The use of building thermal insulation has witnessed significant growth because of the increasing requirement for improved heating and cooling comfort and better fire resistance of building thermal insulation materials, such as glass wool, stone wool and plastic foams.
December JLT Reports for mobile home rent comps in Ohio, Pennsylvania and Tennessee are available now for purchase, including immediate download through Datacomp.