February Construction Has A Dip In Value

A more enthusiastic read on the industry came from the Associated Builders and Contractors’ fourth-quarter 2017 Construction Backlog Indicator report released this month. Projects in the nonresidential construction pipeline increased 2.25% to an all-time high of 9.67 months. Also breaking backlog records were the Northeast region (10.67 months), the commercial/industrial segment (10.1 months), and contractors with revenue of $30 million to $50 million (11.89 months).

Even so, Anirban Basu, the ABC’s chief economist, pointed to many of the same potentially negative factors that Dodge did in his analysis of what the future holds for contractors. One of the concerns Basu and Murray share is the effect of President Donald Trump’s 25% steel tariff and 10% aluminum tariff, both of which went into effect today. Industry organizations have been quick to point out that construction material prices were on the rise before the tariffs announcement and that the resulting higher costs could cause owners to nix plans for new development or bust budgets for projects already underway.

Read the full article here

Follow us on social media for the latest updates in B2B!

Latest

verizon leaders
Verizon Leaders: Unlocking Connectivity with the Verizon Partner Network
December 1, 2023

For a special episode of The Verizon Partner Network the focus was on the considerable role of partnerships in the Verizon Partner Program and the leaders shared their perspectives on the initiative. Their conversation brought about a lot of thought-providing context on the evolving telecommunications landscape. In today’s era, collaboration and integration are key to […]

Read More
2024
Mark Tina Envisions Differences to the Verizon Partner Network in 2024
December 1, 2023

In the dynamic telecommunications landscape, Verizon’s Partner Network continues to evolve, adapting to new trends and opportunities. For another segment featuring Mark Tina, VP of Indirect Channel Distribution and Channel Chief at Verizon Business Group, he explores exactly what types of significant changes and advancements the Verizon Partner Network will see in 2024. In this […]

Read More
verizon business group
Mark Tina Explores the Importance of Partners in Verizon Business Group Success
December 1, 2023

A special episode of The Verizon Partner Network focuses on an examination of an industry marked by fierce competition and rapid innovation. But most importantly, how the role of partnerships in a company’s success is increasingly vital. Mark Tina, the VP of Indirect Channel Distribution and Channel Chief at Verizon, details why partners are essential […]

Read More