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

By MrMagic following x   2018 Jan 5, 1:26pm 1,267 views   15 comments   watch   sfw   quote     share    


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
1   Quigley   ignore (0)   2018 Jan 5, 1:49pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

In the Denver area, construction has a huge backlog due to limited number of construction workers. Shovel ready jobs just hanging there!
2   DASKAA   ignore (3)   2018 Jan 5, 3:14pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

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   ignore (11)   2018 Jan 5, 6:51pm   ↑ like (5)   ↓ dislike (1)   quote   flag        

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   ignore (3)   2018 Jan 5, 8:50pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

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   ignore (6)   2018 Jan 6, 4:36pm   ↑ like (1)   ↓ dislike (3)   quote   flag        

a lot of talk but no action.

how's the wall going so far?
6   FortWayne   ignore (2)   2018 Jan 6, 4:44pm   ↑ like (2)   ↓ dislike (1)   quote   flag        

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   ignore (3)   2018 Jan 6, 6:33pm   ↑ like (0)   ↓ dislike (1)   quote   flag        

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   ignore (null)   2018 Jan 7, 9:29am   ↑ like (2)   ↓ dislike (0)   quote   flag        

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   ignore (6)   2018 Jan 7, 10:07am   ↑ like (1)   ↓ dislike (1)   quote   flag        

Strategist says
Too many democrats refuse to fund it.


maybe he shouldn't have promised the impossible. like mexico will pay for it?
10   DoofusRicky   ignore (1)   2018 Jan 7, 10:29am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Trump did indeed promise Mexico would pay for it and it appears that this was a lie. However fear not as a lie is no longer a lie and is now considered trolling. Trump is not a dangerous delusional psychotic, he's just playing Chess at a level the ordinary Shlomo cannot comprehend. Sloppy Steve Bannon is not actually fighting with Trump and Trump's lawyers are not actually threatening legal action against legal speech, it's only bait for the media.

Politics can be a lot of fun if you change all the English words.
11   HEYYOU   ignore (18)   2018 Jan 7, 10:39am   ↑ like (0)   ↓ dislike (0)   quote   flag        

So what was Trump going to do on Day 1?

How many jobs,each month,does Trump need to create to simply keep up
with new workers entering the workforce? 145,000 is an old number.
Trump will only create 6 figure jobs, $9999.99/year.
12   anonymous   ignore (null)   2018 Jan 7, 12:07pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

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?
13   Strategist   ignore (3)   2018 Jan 7, 1:19pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

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.
14   TwoScoopsOfSpaceForce   ignore (4)   2018 Jan 7, 1:29pm   ↑ like (1)   ↓ dislike (1)   quote   flag        

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.
15   DoofusRicky   ignore (1)   2018 Jan 7, 1:35pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

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


Isn't that money in exchange for labor? Isn't the wealth produced by labor always greater than the cost of that labor? I mean this is from an economics 101 course. I would like to parse what you think is going to happen here. Is Donald Trump going to stand on the border and steal money from illegals or is the intent to just get rid of the illegals along with a wealth produced from the labor and then only count the money saved in wages?

We all agree this is a difficult question brother two scoops which is why I would like to see a better explanation of this number.




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