Welcome to the latest edition of MobileTime, a blog about the issues affecting mobile time tracking, and the Construction Industry in general. Our goal for this blog is to provide useful, helpful information presented in a concise format to our customers and all others who might benefit. Today's article will feature select news topics regarding the construction industry as a whole.
Private sector adds 201,000 jobs in March: ADP - 3/30/11
Figure is in line with economists‘ forecast and shows that the economy continues to recover at a reasonable pace.
Economist: Two more years for construction to rally - 3/25/11
Speaking at ConExpo-Con/Agg 2011 in Las Vegas, the chief economist for the Portland Cement Association stated that even with modest signs of economic growth, tough conditions will permeate the construction industry for at least two more years.
Japan’s Post-Earthquake Rebuilding Begins With Prefab Housing for Evacuees - 3/27/11
In a sign of the changing times, prefectures in Japan will assist the estimated 243,000 displaced refugees by building prefab homes to serve as temporary housing.
Price Escalations May Lead Aggressive Bidders To Default – 3/23/11
Construction prices rose 6.1% between February 2010 and February 2011, while prices for finished buildings remained nearly flat according to the U.S. Labor Dept.’s Producer Price Index.
Office Markets Look and Feel a Lot Better — But Higher Rents Still Some Way Off
According to a recent Colliers International report, U.S. office vacancy rates are down sharply signaling that the U.S. office market has unquestionably turned the corner.
February Construction Slips 4% - 3/16/11
New construction starts in February fell 4% from the previous month, according to a recent report by McGraw-Hill Construction. Starts continue to fluctuate within a set range, but job growth seems to be picking up, vacancy rates are beginning to recede, and interest rates remain low.