The economy claimed 13 of 14 of Reed Business’s construction publications. Reed announced on Tuesday that it was ceasing publication of the regional construction titles published under Associated Construction Publications.
Reed will continue to publish Construction Equipment and Minnesota Construction Bulletin, as well as several websites.
Advertising in construction trade publications has steadily declined over the last several years. ACP’s regional construction publications and McGraw Hill’s publication have been significantly impacted as more people are seeking their information from the internet and other sources.
Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Tuesday, April 7, 2009
Thursday, February 12, 2009
Congress Approves Stimulus Package
Congress, last night, approved a $789 billion economic stimulus package to help provide a jolt to the United States economy. The compromise bill has approximately $150 billion for infrastructure projects, including money for a "Smart grid," sewer, rail and transportation projects.
Critics believe the stimulus package will take too long to get money in the pipeline. Many believe the stimulus is good for the long term, but will not have any significant short term impact. In addition, funding for school projects fell short of expectations.
Final Bill
Critics believe the stimulus package will take too long to get money in the pipeline. Many believe the stimulus is good for the long term, but will not have any significant short term impact. In addition, funding for school projects fell short of expectations.
Final Bill
Wednesday, February 4, 2009
Kitchen Sink Strategy
According to an article in the Wall Street Journal, state and city officials are seeking to add a variety of projects which includes everything, including the "kitchen sink." The article cites the U. S. Council of Mayors "Wish List" includes 18,750 projects."Our approach has been to list everything, because we don't know what the final guidelines will be or what the final dollar amount will be," says Greg MacLean, public-works director in Lincoln, Neb. Among the projects are:
-Neon signs in Las Vegas
-A $4.5 Million Eco Park and Butterfly Garden in Boyton Beach, FL
-A frisbee disc park in Austin, TX
-A $3 million eco-friendly club house at a municiple golf course in Lincoln, NE
-A dog park in Chula Vista, CA
-A "Splash Park" in San Bernadino, CA
Monday, January 26, 2009
Caterpiller Projects Slow Sales and Slashes Jobs
Caterpiller reported today that it projects 2009 sales to be $40 billion, down from $51.32 billion in 2008, according to an article in the Wall Street Journal. The company also reported that it was cutting a total of 20,000 jobs in light of the downturn in the global construction economy. To view Caterpiller's conference call report, click here.
Crisis Creates Opportunity For Construction Firms
"When written in Chinese, the word "crisis" is composed of two characters. One represents danger and the other represents opportunity." -John F. Kennedy
The prognosis for the economy in the AEC Industry remains unclear. Uncertainty remains the biggest concern for the construction industry. However, when there's crisis and uncertainty, there's opportunity.
-Government stimulus package legislation is likely to be introduced and passed early in Obama’s administration. Infrastructure, institutional and community projects are likely to benefit the most. States are preparing “Ready To Go” Lists for projects.
-The credit market remains tight, which makes is difficult for companies to access capital for new construction, expansion and development projects.
-Prices for construction materials and commodities have plunges after a rapid rise in prices. As demand has dried-up, prices have fallen.
-Consumers spending is still tepid due to uncertainty, specifically a drop in there personal wealth, plunging housing values, and fear about job loss.
-Talent will become available from solid AEC firms.While there is considerable uncertainty, there are several approaches and strategies AEC firms can take to weather the economic situation and be positioned for opportunities when the economy improves.
Continue Article
The prognosis for the economy in the AEC Industry remains unclear. Uncertainty remains the biggest concern for the construction industry. However, when there's crisis and uncertainty, there's opportunity.-Government stimulus package legislation is likely to be introduced and passed early in Obama’s administration. Infrastructure, institutional and community projects are likely to benefit the most. States are preparing “Ready To Go” Lists for projects.
-The credit market remains tight, which makes is difficult for companies to access capital for new construction, expansion and development projects.
-Prices for construction materials and commodities have plunges after a rapid rise in prices. As demand has dried-up, prices have fallen.
-Consumers spending is still tepid due to uncertainty, specifically a drop in there personal wealth, plunging housing values, and fear about job loss.
-Talent will become available from solid AEC firms.While there is considerable uncertainty, there are several approaches and strategies AEC firms can take to weather the economic situation and be positioned for opportunities when the economy improves.
Continue Article
Where Will The Stimulus Money Go In Construction?
A recent article in ENR, identified over $159 million in projects included in the proposed economic stimulas package. Read Article ENR reported that over $43 million will be spent on transportation projects, and $36 billion in energy related projects.
A recent press release by the AASHTO, stress that the federal government should strongly consider states that have "Ready to go" projects. "State DOTs right now are moving to advance thousands of projects, so that contracts can be let in 120 days, as the House bill has proposed," said John Horsley, Executive Director of the American Association of State Highway and Transportation Officials (AASHTO). "Those projects will enable the transportation industry to keep people at work, and bring construction workers back on the job very quickly. As late as last Friday we asked the state DOTs if they are prepared to have 50 percent of the $30 billion under contract within 120 days, as the House bill stipulates. They responded, "Yes, we can!" Read Press Release or Watch Video.
A new article by the Associated Press reports that President Obama's $825 million economic stimulus package likely create 670,000 construction jobs by the end of 2010. AP conducted an interview with Moody's Chief Economist Mark Zandi. According to Zandi, proposed stimulus package would would direct $70 million to the nation's infrastructure. Read Article
A recent press release by the AASHTO, stress that the federal government should strongly consider states that have "Ready to go" projects. "State DOTs right now are moving to advance thousands of projects, so that contracts can be let in 120 days, as the House bill has proposed," said John Horsley, Executive Director of the American Association of State Highway and Transportation Officials (AASHTO). "Those projects will enable the transportation industry to keep people at work, and bring construction workers back on the job very quickly. As late as last Friday we asked the state DOTs if they are prepared to have 50 percent of the $30 billion under contract within 120 days, as the House bill stipulates. They responded, "Yes, we can!" Read Press Release or Watch Video.
A new article by the Associated Press reports that President Obama's $825 million economic stimulus package likely create 670,000 construction jobs by the end of 2010. AP conducted an interview with Moody's Chief Economist Mark Zandi. According to Zandi, proposed stimulus package would would direct $70 million to the nation's infrastructure. Read Article
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