This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The latest quarterly update to the 5-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) continues to call for steady gains through 2021.
this year after economists at the Construction Products Association sharply downgraded forecasts for the second time. Falling private new housing combined with recent government delays to major infrastructure projects has prompted the spring forecast downgrade from a previously forecast 4.7% fall in output. in 2023 and 1.2%
The United States construction industry is viewed as a key indicator of the strength of the American economy, consumer confidence and unemployment trends. As the unemployment rate declines, investment in both residential and commercial U.S.
Rental is a relatively young industry, and it’s continuing to grow each year, with more contractors renting than ever before. to reach nearly $56 billion in 2022, according to the latest quarterly forecast released by American Rental Association (ARA). Even with supply chain issues and labor shortages, U.S.
This year is poised to be a year of growth, with the Federal Reserve recently increasing its forecast of the nation’s gross domestic product to 6.5%. With that, the construction industry will likely face challenges around hiring cycles, evolving protocols and a widening skills gap. Alex Headley. Thu, 06/10/2021 - 09:30.
Business owners must be able to simultaneously manage employees and issues, both on- and off-site, in an industry that is highly prone to unforeseeable circumstances. Whether operating a small or large company, every construction business owner knows that the role requires quite the hefty toolbox of skills.
Industry statistics on the growth of mobile data worldwide speak for themselves. According to the “Cisco Visual Networking Index: Forecast and Methodology, 2011-2016,” global mobile data traffic will increase 18-fold over the next five years, reaching 10.8
Considering these complexities, it’s easy to understand why, throughout the life of a project, a variety of things can change — directly impacting the original cash flow forecast. Here are three ways to ensure your cash flow forecast gets your project done on time, on brief and on budget. Create Rolling Enterprise Cash Flow Forecasts.
With the first quarter of 2013 already behind us the construction industry finally appears to be on a path of recovery and growth now that the recession appears to have ended. The industry has continued to add jobs each month throughout the first quarter of the year and construction spending during the first two months of 2013 is 6.6
The United States construction industry is viewed as a key indicator of the strength of the American economy, consumer confidence and unemployment trends. As the unemployment rate declines, investment in both residential and commercial U.S.
“stepwise methodologies can be superior to the industry-leading continuous methodologies employed by BUILDER SMS in service-life prediction accuracy and decision-making versatility as ensembles.” Lamm, Justin D. Delorit, Michael N. Grussing, Steven J. Schuldt [contact-form] The post BUILDER SMS – Too little to late?
The Market Trends Driving the Transportation Industry in 2021. However, E&S investment is forecasted to return to positive territory during the second half of 2020 and entering 2021. Elizabeth Manning. Fri, 02/12/2021 - 07:19.
(April 5, 2013) – FMI, a provider of management consulting and investment banking to the engineering and construction industry, released its Q1-2013 Construction Outlook today.
The outlook for 2017 is even more bullish, according to Wells Fargo’s Construction IndustryForecast 2017, “with significant talk in all areas of the need for increased infrastructure spending. Growth in construction over the past 5 years was capped off by a record-setting 2016, which saw United States spending reach nearly $1.2
Overall growth in the construction industry indicates now is the time for contractors to take advantage of an improving economy to expand their business. Yet that’s exactly what contractors across the country are faced with as the industry prepares to hire again.
When the financial forecast for your industry is sunny, making decisions about buying, selling and maintaining your fleet is relatively simple. Working with financial institutions for funding when you need to grow your business tends to go smoothly, and there’s plenty of work to go around.
Like many businesses, the insurance industry is cyclical in nature. As for insurance pricing today, Table 1 provides a historical picture of insurance industry rates calculated by MarketScout, with 2004 as the base year. The industry had been fairly profitable and surplus was strong, so rates started to come down.
As we embark upon the new year and head together into economic uncertainty, CBO is here to help clear the air with a summary of three major economic forecasts from construction’s top industry analysts. Wed, 01/15/2020 - 16:32.
In May, the American Rental Association (ARA) launched ARA Rentalytics, a new subscription service available to ARA members that provides exclusive market intelligence for the equipment and event rental industry.
infrastructure spending package moves forward, forecasters express cautious optimism about the year to come. . As the world continues its widespread vaccination effort, COVID-19 restrictions ease somewhat and the $1-trillion U.S.
August 5, 2013) -- The equipment rental industry in the United States continues to outpace gross domestic product (GDP) in the U.S. by four times in 2013, according to American Rental Association’s (ARA) latest forecast from the ARA Rental Market Monitor. MOLINE, Ill. Revenues will reach $33.5 billion, representing a 7.0
Accurate sales forecasting is crucial for success in the construction industry. With the right tools, construction companies can enhance their forecasting capabilities and gain a competitive edge. For the construction industry, accurate forecasting is vital for: Project Planning: Ensuring resources are allocated efficiently.
Mace has increased its tender price forecast in light of further inflation. The latest forecast balances the positive economic growth in the first quarter, the rate of material prices continuing to cool – but also the recent news that the UK economy continues to suffer from significant inflation. in London and 3.5% in London and 3.5%
The construction industry, along with all other sectors in the world, will never be the same because of the COVID-19 pandemic. A lot of industries have adopted remote work arrangements for the past few years already. The construction industry is still one of the least digitised sectors in the world, second only to agriculture.
Will the Housing Industry Lead the Nation’s Economic Recovery? The housing industry was bracing itself for a brutal April, but for new home builders, the damage was not nearly as bad as expected. Due to economic challenges associated with COVID-19, NAHB was forecasting an additional sales decline in April.
Following modest increases in construction spending for nonresidential buildings in 2019, economists from eight leading industry organizations forecast slight growth in 2020 and 2021—1.5% and 0.9%, according to AIA's latest Consensus Construction Forecast panel.
Despite many positives in the construction industry right now such as the high demand for skilled labor and that most construction firms are willing to prove higher wages for skilled workers, Alan Greenspan is pointing a finger of blame in construction’s direction. The industry now employs the most Americans since May 2009 at 6.068 million.
While many businesspeople swear by hard work and technical proficiency as the key ingredients of success, within the construction industry, there is a broader understanding that success is built on more than just structural expertise and hard work. Improved productivity. Say goodbye to tedious data entry and time-consuming report creation.
Leveraging Tech So Your Company Survives & Thrives ccapoccia Thu, 04/13/2023 - 16:21 The construction industry has faced significant challenges in recent years, with economic uncertainty and fluctuating demand exerting pressure on budgets and resources.
Just because rain wasn’t in the forecast, doesn’t mean it won’t happen. The post Why Are Weather Delays Such a Big Issue in the Construction Industry? There are a number of ways to minimize weather’s impact on the safety of employees and from delaying the project itself. Know your weather. Have plans in place.
If there’s one thing the global construction industry expects, it’s the constant ebb and flow of economic change. Understandably, the industry is concerned about emerging skills shortages. Preparing for and managing the risks associated with those changes just comes with the territory.
The past two years have been anything but ordinary, and frankly, we are having a tough time with the economic forecasts models we follow, including our internal ones.
The Consensus Construction Forecast Panel said spending in the commercial/industrial sector will outpace institutional outlays by 2.2% in 2018, but that institutional will take the lead in 2019.
In this segment from BD+C 's The Weekly show, Brad Hunter, Managing Director with RCLCO Real Estate Advisors, talks about the short- and long-term market forecast for several key commercial building sectors, including hospitality, industrial, office, retail, and rental housing.
In its latest tender price forecast for the UK, the cost consultant warned the new fire safety-based design delay would worsen the wider market slowdown. Looking ahead, Rawlinson said: “Even if 2023 turns out to be better than forecast, we will see a significant slowdown compared to the past two years.
We organize all of the trending information in your field so you don't have to. Join 116,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content