Press Room
March 2019 Construction Industry Stats
The Construction Business Owner team compiles statistics each month from several sources, including the American Institute of Architects (AIA) and the United States Census Bureau, to give you a better understanding of the current state of affairs for the construction industry.
How to Handle Hard Conversations on the Jobsite
By Mark Anderson, Construction Business Owner
The essence of project management is reducing risk, optimizing project outcomes and meeting client expectations. As such, clients turn to professional project management and cost consultancy to help them achieve exactly that.
Whether cost consultants, external project managers or scheduling specialists, delivery consultants are in unique positions of influence—poised to be the client’s most trusted
‘Retire? Not Me': HR and the Aging Workforce
Employers are unprepared for the needs of older workers.
The fastest-growing population of employees is the "older worker."
I know, I'm offended by the term, too, but the good news is I'm not alone: I have a lot of friends over 50 who plan to work for a long time.
By 2024, one in four U.S
CEF Concerned That Ohio’s Political Leaders Want Tax Payers to Finance Nuclear Plants
This article was written by a staff reporter for The Vindicator.
Construction of a $925 million clean-energy power plant in Lordstown should begin this summer, according to a press release issued today from Clean Energy Future, the project’s developer. The center is projected to have a $26 billion long-term economic impact on the Mahoning Valley economy and local and state
ACE Alumni Spotlight: TyJuan Swanson, Community Activist, Future Architect
Follow your dreams, I followed mine. ACE has definitely helped me towards my career goals in every positive way I can think of. I can’t even really explain. There are no words to express how supportive the program has been for me.” - TyJuan Swanson, ACE Student Alumni
TyJuan Swanson’s passion for architecture is evident from the
Amid Labor Shortage, Construction Firms Turn to Tech for Help
By R.A. Schuetz, Chron
As a labor shortage continues to squeeze construction companies -- four out of five report difficulties filling positions -- most have increased base pay rates, according to a survey by the Associated General Contractors.
But many have also been using technology to reduce the amount of time workers need to work on-site.
ASSP Foundation Releases Fatigue Report
By Occupational Health & Safety
The American Society of Safety Professionals Foundation has released a fatigue research report that demonstrates the value of wearable technology in the workplace, with the foundation also encouraging employers to make a New Year's resolution to monitor the fatigue levels of their workers in order to reduce injuries and increase productivity. The three-year study was led by
Majority of Contractors Using Offsite Construction
By Kim Slowey, Construction Dive
The National Institute of Building Sciences Off-Site Construction Council announced the results of its latest survey about the use of offsite techniques in the construction industry this week. While most of those surveyed said they currently use offsite construction and will continue to do so, they also identified barriers to its wider use.
Construction Spending is Projected to Increase by More Than 11% Through 2022
By John Caulfield, Building Design + Construction
Spending for nonresidential buildings is expected to increase by 10% between 2018 and 2022, to $572.1 billion, or just under 40% of total construction put in place that year. Image: FMI
The office, education, amusement and recreation, manufacturing, and transportation sectors are expected to be the impetus behind a projected 3% increase in
Treasury Issues Final “Pass-Through Deduction” Regulations
From the The U.S. Department of the Treasury
On Jan. 18, the Treasury Department issued final regulations on the “Section 199A deduction” (often called the pass-through business deduction or the qualified business income deduction). The deduction, which provided tax relief for construction firms organized as pass-through entities (as opposed to those organized as C-Corporations, whose tax rate was reduced to 21 percent)