Construction Financial Management Association CONFINDEX Results Show Confidence Sags in Early 2018

  • Posted on

The Construction Financial Management Association has released the results of its quarterly CONFINDEX survey showing that the overall CONFINDEX reading declined by more than 6 percent during the first quarter and is down more than 10 percent on a year-over-year basis. Overall, CONFINDEX stood at 116 during the second quarter, after holding steady at 124 for the last two quarters of 2017. “Undoubtedly, construction CFOs, who were concerned about profit margins in earlier quarters given expanding worker shortages, are now even more concerned given recent spikes in fuel and softwood lumber prices and the implications of recently enacted tariffs on … Read more

Filed under: Economic News, eNewsTagged with: , , ,

ABC Highlights Construction Worker Shortage during National Apprenticeship Week

  • Posted on

WASHINGTON, D.C. — Associated Builders and Contractors commends the U.S. Department of Labor for declaring Nov. 13-19 National Apprenticeship Week. It’s the third consecutive year that business, labor, government, education and other partners are highlighting the tremendous job opportunities apprenticeships provide and the need for an infusion of Americans to pursue a skilled trade. “The construction industry has a critical shortage of skilled workers,” said ABC President and CEO Michael Bellaman, who this week participated in his first meeting as an appointee of the Trump administration’s newly created Task Force on Apprenticeship Expansion. “ABC is thankful for the Department of … Read more

Filed under: NewsTagged with: , , ,