Short-term Prospects Bright in Construction, But Efficiency Still Critical

Aug. 19, 2016

Construction economists predict the domestic industry will see solid growth over the next year or so, with commercial construction and single-family housing leading the way to prosperity. This prediction—and some potential impediments to the forecast such as labor shortages and growing regulatory costs—seems to be playing out on a narrower timeline, the latest Commerce Department figures demonstrate.

Continue reading
  268 Hits
  0 Comments
268 Hits
0 Comments

Construction Input Prices Steady in July, Down Year-Over-Year

Aug. 16, 2016

Nonresidential construction input prices remained flat in July, while input prices for both the nonresidential construction sector and construction as a whole remain 2.3% lower than they were a year ago.

Continue reading
  313 Hits
  0 Comments
313 Hits
0 Comments

As Construction Grows, U.S. Commercial Property Sees Growing Exposure to CMBS Loan Default Risk

Aug. 12, 2016

The overall near-term outlook for new construction and space absorption for the U.S.’s major property markets fell in the first quarter of the year.

Continue reading
  310 Hits
  0 Comments
310 Hits
0 Comments

Hot Apartments Market, Construction Defects Suits Cool Condo Construction

Aug. 12, 2016

New housing supply in the U.S. relative to demand as measured by Trulia, a residential real estate website for home buyers, sellers, renters and real estate professionals, is down about 15% below its historical average, according to their chief economist Ralph McLaughlin. But as construction of apartments has almost tripled in growth over the past five years, multifamily starts in five or greater unit condo buildings have been the slowest to recover in the housing market. One of the reasons for the slowdown is exposure to construction defects lawsuits that drive up the cost of condo projects. Suppliers to condominium projects also need to be aware of some peculiarities of these projects that make securing mechanic’s lien or bond rights more complicated and expensive, or in some cases not possible.

Continue reading
  300 Hits
  0 Comments
300 Hits
0 Comments

Construction Jobs Jump in July after Early Year Slump

August 5, 2016

The U.S. construction industry saw 14,000 new jobs in July, dropping the unemployment rate for the sector a tenth of a percent to 4.5%, the lowest for the industry since October 2006. That gain follows some 27,000 jobs lost from April to June, according to an analysis by Associated Builders and Contractors (ABC).

Continue reading
  323 Hits
  0 Comments
323 Hits
0 Comments

Pending Threat of Devastating Florida Lien Law Change

8/4/2016

Florida’s construction lien law works the way it should about 99% of the time, bringing projects to successful completion with payment to those who made them possible. It is one of the most well-thought-out and structured laws in the country that’s well balanced between the industry and consumers to preserve rights if certain steps are taken, while providing consumers with a proper payment defense. Suppliers, however, need to be aware that all of that could change.

Continue reading
  317 Hits
  0 Comments
317 Hits
0 Comments

Transparency, Public Input Key to Successful P3 Projects

August 4, 2016

More transparency, disclosure and public input before public-private partnerships (P3s) proceed could save suppliers and others from costly delays.

Continue reading
  310 Hits
  0 Comments
310 Hits
0 Comments

Construction Spending Continues Decline

August 1, 2016

Construction spending in the U.S. fell month-over-month by 0.6% in June to a seasonally adjusted rate of $1.13 trillion, with sharp declines in spending on public commercial projects and on manufacturing outlays.

Continue reading
  345 Hits
  0 Comments
345 Hits
0 Comments

P3 Update: New Hampshire

July 29, 2016   

New Hampshire legislation, known as Senate Bill 549 and signed into law on June 16, will take effect August 15. It’s the first law in New Hampshire that authorizes the use of P3 projects for transportation and infrastructure, the National Council for Public-Private Partnerships said.

Continue reading
  318 Hits
  0 Comments
318 Hits
0 Comments

Look for Boilerplate Language in Construction Terms, Conditions

July 29, 2016   

When accepting terms and conditions attached to a purchase order (PO), one size does not fit all. Indeed, many of the terms and conditions seen often by Sam Smith, regional finance manager with Crescent Electric Supply Co. of East Dubuque, IL, are boilerplate and don’t always apply to a company’s business.

Continue reading
  292 Hits
  0 Comments
292 Hits
0 Comments

Discover More About NACM

Credit Congress
NACM's Annual Conference

Our History
Over 100 Years of History

National Association
of Credit Management

8840 Columbia 100 Pkwy.
Columbia, MD 21045
Phone: 410-740-5560
Fax: 410-740-5574

Let's Get Social!