Markets & Economy

The coming months are expected to be particularly strenuous on contractors and subcontractors when projects pick up again. Due to the markets continuously getting more competitive and volatile it is predestined that subcontractors will go out of business, trade labor shortages and ballooning budgets will pressure general contractors to self-perform…

A recent survey of national multi-family developers and general contractors has demonstrated that appliances not only are causing lead time delays but modest price increases since pre-corona levels. Appliance Driven Inc's President, Joel Kapnick, based in New York has stated "I am literally putting orders in and watching those items…

Henrico County is en route to dazzle the state of Virginia with the construction of a new up-and-coming sports and concert stadium composed of 17,000 seats. Dubbed GreenCity and with a $245 million dollar budget privately funded by GreenCity LLC, the state of the art arena will redefine Interstate 95 and East Parham Road.             In order…

ALERT: Construction remains in the ring regardless of Corona shutdowns as unemployment ticks down to 6.7%. Construction gained 27,000 jobs in November but still shy of its 279,000 February level. Residential specialty trade contractors added 14,000 jobs while heavy and civil engineering saw an additional 10,000 jobs. Signs point to…

Amongst the chaos which has encapsulated the year of 2020, home builders and American home buyers appear to have a bright future of affordability laid out for them. With the heightened pricing of lumber, the U.S. Commerce Department has decided to slash the amount of Canadian lumber shipments coming into the United States from 20% down to 9%.  …