Category Archives: Construction

Top Contractors Expect More of Same in the Next Year

By Esther D’Amico and Carolina Worrell Many contractors in the tristate region say that two factors will largely determine the industry’s robustness in the year to come—the economy and the upcoming general election. They reason that until the economy gains momentum, owners and developers will not shake their wait-and-see attitudes; and, until the next Congress […]

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US construction spending up 0.3% in April Builders have grown more confident since last fall, in part because more people are expressing interest in buying a home

(AP) – U.S. builders increased their spending on construction projects for a second month in April. A pickup in home construction and commercial projects offset a fifth consecutive decline in government spending. Construction spending rose 0.3% in April, matching an upwardly revised 0.3% March gain, according to data released Friday by the Commerce Department. The […]

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Construction spending climbs most in 4 months

By Bloomberg News (Bloomberg) – Construction spending in the U.S. rose in December at the fastest pace in four months, reflecting broad-based gains that signal the industry is stabilizing. Building outlays increased 1.5%, the biggest gain since August, Commerce Department figures showed Wednesday in Washington. The median estimate of 51 economists in a Bloomberg survey […]

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Construction Spending in U.S. Rises More Than Forecast

Construction spending in the U.S. rose in November for a third time in four months, indicating the industry helped boost growth at the end of 2011. Building outlays increased (CNSTTMOM) 1.2 percent, exceeding the median estimate of 46 economists in a Bloomberg survey that called for a 0.5 percent gain, Commerce Department figures showed today inWashington. The […]

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Construction Spending in U.S. Unexpectedly Rose in August on Local Outlays

Construction spending in the U.S. unexpectedly rebounded in August, propelled by the biggest jump in state and local government outlays in more than two years. The 1.4 percent gain reversed the revised 1.4 percent drop in July, Commerce Department figures showed today in Washington. The median estimate of 52 economists surveyed by Bloomberg News called […]

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Lower Manhattan’s Thriving Post-9/11 Multi-Housing Industry

By Jessica Fiur, News Editor New York—This Sunday, September 11, 2011, marks the 10-year anniversary of the World Trade Center attacks. In 2001, after the World Trade Center buildings were destroyed, and thousands of businesses and residents were displaced or forced to relocate, many wondered if Wall Street would ever recover. But it has. Though […]

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GET IT DONE TOGETHER – PILOT PROGRAM

From NYC.GOV Get it Done. Together. is the Department’s new pilot program aimed at accelerating construction project approvals and spurring economic growth across the City. Under the pilot program, the Department’s five Borough Commissioners and senior representatives from other City agencies will form a working group to meet with private industry members and property owners […]

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APNewsBreak: Rigger in NY crane fall loses license

from: Associated Press NEW YORK (AP) — A rigger who worked on a massive construction crane that collapsed and killed seven people has been stripped of his licenses after an administrative judge said his sloppy work was to blame for the collapse, despite his acquittal on all criminal charges last year, the city Buildings Department […]

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Construction Spending Hits A 5-Year Low

From: Wall Street Journal. Construction spending in New York City dropped 12% last year, falling to its lowest level since 2005, according to a new report. Builders cut back on residential housing and office buildings even as the city’s economy slowly began adding jobs again. Part of the drop last year was due to big […]

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Two NYC Construction Workers Plummet to Their Death

From: U.S. Politics Today. Two NYC Construction Workers Plummet to Their Death March 27, 2011 More than 1,000 construction workers are killed on the job every year, according to the National Institute of Occupational Safety and Health, and tens of thousands are injured in workplace accidents. March 27, 2011 /24-7PressRelease/ — For years, Brett McEnroe […]

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