As a general contractor, you know so many other industries are touched and involved in our projects, but weve never seen it shown like this. Hightower said the industry has always had good support from the Alabama Legislature . However, being able to show how vital the industry is with the state could help ABC Alabama in its lobbying efforts, he said. Weve got good legislators on both sides of the aisle, he said. I think it just confirms what we knew: That were a major factor in the states economy. We just want everyone to recognize that and if legislation hurts us, it hurts the whole state.
Commercial construction a $10 billion industry in Alabama, report finds
“Construction is no longer the weakest link in the UK economy,” said Tim Moore, senior economist at Markit. “The third quarter of 2013 ended with output growth riding high amid greater spending on infrastructure projects and resurgent house building activity,” he said. Optimism was also up, with 51 percent expecting output would rise over the next 12 months and only 9 percent of respondents predicting a fall, the highest level of confidence since August 2010. Employers created jobs for the fourth straight month. “Having been in the doldrums for so long, builders are using this renewal as a platform to invest, with employment seeing the http://www.ihireconstruction.com most dramatic upturn in close to six years,” said David Noble, chief executive at the Chartered Institute of Purchasing & Supply. PMI data on Tuesday showed Britain’s manufacturing activity grew at a slower rate than expected in September, but also showed that employment picking up. The Bank of England is keeping a close eye on the UK labour market, having said that it would not consider raising record-low interest rates until the jobless rate falls to 7 percent.
iShares U.S. Home Construction ETF Experiences Big Outflow
Among the largest underlying components of ITB, in trading today Lennar Corp. ( other NYSE: LEN ) is off about 1.7%, PulteGroup, Inc. ( NYSE: PHM ) is off about 1.6%, and D.R. Horton Inc. ( NYSE: DHI ) is lower by about 1.8%.
Construction union head eyes PLA for Northwestern Mutual project
Northwestern Mutual is in the early phases of its $450 million downtown development, which culminates with construction of a 32-story tower likely starting in September 2014, said Thomas DaArcy , senior managing director of Hines , the Houston-based company the insurance and financial services company hired to lead the development. 4 issue. The development is expected to create 1,000 construction jobs, and Northwestern Mutual has committed to hiring local builders and workers for a significant portion of the work. Balistreri said that, once contractors are selected to lead the coming phases of the project, he wants to negotiate a PLA for the job. The PLA would not require union-only workers or contractors, he said, but would set a union wage. Balistreri said heas had preliminary talks with Northwestern Mutual, but nothing formal regarding a PLA. Similar agreements were in place for the construction of the Wisconsin Center, for example.