Category Archives: Construction

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 […]

(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 […]

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 […]

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 […]

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 […]