U.S. Housing Starts Jump 3.2% In November Amid Spike In Multi-Family Homes

With a spike in new construction of multi-family homes more than offsetting a continued decrease in new construction of single-family homes, the Commerce Department released a report on Tuesday showing a substantial increase in U.S. housing starts in the month of November. The Commerce Department said housing starts jumped by 3.2 percent to an annual rate of 1.256 million in […]

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U.S. Construction Spending Unexpectedly Edges Lower In October

With a drop in spending on private construction more than offsetting an increase in spending on public construction, the Commerce Department released a report on Monday showing an unexpected dip in U.S. construction spending in the month of October. The Commerce Department said construction spending edged down by 0.1 percent to an annual rate of $1.309 trillion in October after […]

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UK Construction Activity Growth Accelerates Despite Weak Outlook

UK construction sector expansion unexpectedly accelerated in October, but firms were the least optimistic about prospects in nearly six years, survey data from IHS Markit showed on Friday. The IHS Markit/ Chartered Institute of Procurement & Supply construction Purchasing Managers’ Index, or PMI, rose to 53.2 from 52.1 in September. Economists had expected a score of 52. A PMI reading […]

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Construction offers great careers for college-bound students

The push to fill the high demand for construction jobs Associated Builders and Contractors CEO Michael Bellaman on the high demand for construction jobs. This year, the Federal Reserve reported that more than 44 million borrowers owe a staggering $1.5 trillion in student loans in the United States, averaging to more than $37,000 per person for a 2016 college graduate. […]

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Denmark proposes building new island near Copenhagen

COPENHAGEN (Reuters) – Denmark plans to build a new island near Copenhagen’s harbor, which could be the site for housing for 35,000 people, prime minister Lars Lokke Rasmussen said at a press meeting on Friday. The island proposal, which still needs parliamentary backing, would also protect the city from rising sea levels and could be fully established by 2070. Source: […]

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Construction worker shortage: Top open jobs and what they pay

The push to fill the high demand for construction jobs Associated Builders and Contractors CEO Michael Bellaman on the high demand for construction jobs. Eighty percent of U.S. construction firms are unable to fill open slots with qualified workers, a new report showed, including both hourly and salaried positions. Continue Reading Below Despite the fact that companies are raising wages […]

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Job Openings in U.S. Increased to 6.66 Million in June

U.S. job openings edged higher in June, providing evidence of a job market that’s still tight with Americans feeling confident enough to leave their positions for other work, Labor Department data showed Tuesday. Highlights of Job Openings (June) Number of positions waiting to be filled increased by 3,000 to 6.66 million in June, according to the Job Openings and Labor Turnover Survey, […]

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How Taming the Mekong Could Give China Unprecedented Power

The deadly collapse of one of the dozen or so dams dotted along the Mekong River and its tributaries has highlighted the rapid development of a waterway that is increasingly important strategically for China and its neighbors. For hundreds of thousands of people living on its banks stretching from China through Laos, Thailand, Cambodia and Vietnam, the river is their […]

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