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By all measures, a construction boom is shaping up for 2018


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2018 Jan 5, 1:26pm   3,354 views  12 comments

by MrMagic   ➕follow (2)   💰tip   ignore  

All signs and numbers point to a huge year for the construction industry. Even in December, with much of the nation frozen, the construction industry added 30,000 jobs, according to the Bureau of Labor Statistics.

For all of 2017, construction added 210,000 jobs, a 35 percent increase over 2016.

Construction spending is also soaring, rising more than expected in November to a record $1.257 trillion, according to the Commerce Department. That was up 2.4 percent annually. Spending increased across all sectors of real estate, commercial and residential, with particular strength in private construction projects. The only weakness was in government construction spending.

Construction firms are clearly looking to hire more workers. Three-quarters of them said they plan to increase payrolls in 2018, according to a new survey from the Associated General Contractors of America. Industry optimism for all types of construction, measured by the ratio of those who expected the market to expand versus those who expected it to contract, hit a record high.

"This optimism is likely based on current economic conditions, an increasingly business-friendly regulatory environment and expectations the Trump administration will boost infrastructure investments," said Stephen Sandherr, the association's CEO.


https://www.cnbc.com/2018/01/05/by-all-measures-a-construction-boom-is-shaping-up-for-2018.html
#economics

Comments 1 - 12 of 12        Search these comments

1   Shaman   2018 Jan 5, 1:49pm  

In the Denver area, construction has a huge backlog due to limited number of construction workers. Shovel ready jobs just hanging there!
2   RWSGFY   2018 Jan 5, 3:14pm  

Quigley says
In the Denver area, construction has a huge backlog due to limited number of construction workers. Shovel ready jobs just hanging there!


They need to offer MOAR MONEY then.
3   MrMagic   2018 Jan 5, 6:51pm  

Quigley says
In the Denver area, construction has a huge backlog due to limited number of construction workers. Shovel ready jobs just hanging there!


Maybe that's because Trump scared all the illegal Mexicans back to Mexico, so there's no legal workers left in the area.
4   Strategist   2018 Jan 5, 8:50pm  

Sniper says
All signs and numbers point to a huge year for the construction industry. Even in December, with much of the nation frozen, the construction industry added 30,000 jobs, according to the Bureau of Labor Statistics.


It's not a surprise. When you have a shortage of a necessity like homes, it's only a matter of time before home builder stocks shoot up like crazy.
ITB shot up about 60% in 2017. It has been my number one investment since 2014.
5   WatermelonUniversity   2018 Jan 6, 4:36pm  

a lot of talk but no action.

how's the wall going so far?
6   FortWayne   2018 Jan 6, 4:44pm  

economy is going well.
jobs are going better.

Under Democrat regime companies could bring in thousands of H1B and other illegals to replace American workers, all in the name of "equality". Under Trump, America is First!

I think we are on the path to winning.
7   Strategist   2018 Jan 6, 6:33pm  

Strategist says
a lot of talk but no action.

how's the wall going so far?


Not very well i'm afraid. Too many democrats refuse to fund it. Good thing is, Trump never gives up.
8   anonymous   2018 Jan 7, 9:29am  

Strategist says
Strategist says
a lot of talk but no action.

how's the wall going so far?


Not very well i'm afraid. Too many democrats refuse to fund it. Good thing is, Trump never gives up.


Democrats? I thought Mexico was funding it.
9   WatermelonUniversity   2018 Jan 7, 10:07am  

Strategist says
Too many democrats refuse to fund it.


maybe he shouldn't have promised the impossible. like mexico will pay for it?
10   anonymous   2018 Jan 7, 12:07pm  

anon_961a0 says
Democrats? I thought Mexico was funding it.


HOLD THE PHONE!!! Mexico is supposed to pay for it. Why is Trump blaming Democrats?

Wait, is this 100D Chess again?
11   Strategist   2018 Jan 7, 1:19pm  

BorderPatrol says
Strategist says
Too many democrats refuse to fund it.


maybe he shouldn't have promised the impossible. like mexico will pay for it?



anon_25c83 says

HOLD THE PHONE!!! Mexico is supposed to pay for it. Why is Trump blaming Democrats?


Mexico does not have the money for the wall. We would have to give them the money, so that they can pay for the wall.
12   MisdemeanorRebel   2018 Jan 7, 1:29pm  

Strategist says
Mexico does not have the money for the wall. We would have to give them the money, so that they can pay for the wall.


They have $26B in remittances sent by Mexicans in the US to Mexico for starters.

BTW, the Mexican Government taxes it and redistributes it to their own oligarchs like Carlos Slim.

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