Construction Employment Update According to AGC

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Construction firms added jobs in 34 states over the past 12 months, but construction employment declined in 32 states and the District of Columbia between November and December as many parts of the country coped with weather, according to an analysis released today by the Associated General Contractors of America of Labor Department data. Association officials noted that while cold, wintry weather in parts of the country likely contributed to many of the declines, they urged Washington officials to take steps to ensure continued growth for the industry and the economy. “While the year-over-year numbers are encouraging, we want to … Read more

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Equipment Lease Finance Industry Confidence Much Higher in January

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WASHINGTON, D.C. — The Equipment Leasing & Finance Foundation has released the January 2014 Monthly Confidence Index for the Equipment Finance Industry. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $827-billion equipment finance sector. Overall, confidence in the equipment finance market is 64.9, the highest confidence level in two years, and an increase from the December index of 55.8. An improved general outlook for economic activity among industry leadership contributed to the increase. When asked about the outlook for … Read more

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New Year, New Drivers for Commercial Construction Industry

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By Bud LaRosa The New Year is here! Looking ahead to 2014, many constructors are feeling more optimistic than they have since 2008. As the construction industry heads further into 2014, there are certain factors that will shape and impact the industry.   We expect more construction starts in 2014 than in 2013, though unfortunately not all areas of the country will see the same growth rates.   The “shale gale” states will see rapid growth, while other states will see gradual or incremental improvement in construction. Tocci is located in Massachusetts, and in Boston specifically, the construction industry is … Read more

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Construction Industry Hiring and Business Outlook According to AGC

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Many firms plan to start hiring again and most contractors predict demand will either grow or remain stable in virtually every market segment this year according to survey results released by the Associated General Contractors of America. The survey, conducted as part of Optimism Returns: The 2014 Construction Industry Hiring and Business Outlook, provides a generally upbeat outlook for the year even as firms worry about growing worker shortages, rising costs and the impact of new regulations and federal budget cutting. “Contractors are more optimistic about 2014 than they have been in a long time,” said Stephen E. Sandherr, the … Read more

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Mortenson Opens Texas Office

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Mortenson Construction is opening a new office in San Antonio, Texas. The new office will support the company's growing energy business, including key wind and solar projects in the state, high-voltage transmission and other operations. Mortenson plans to open its San Antonio office in the first half of 2014. The office initially will include 30-40 team members supporting several hundred field positions throughout Texas, with future employment needs anticipated to be much higher. “Texas has a strong economy and is a leader in the U.S. energy industry,” said Tom Wacker, senior vice president at Mortenson. “We have built many projects … Read more

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