General Contractor Responsible for All Employees’ Wages in California and Now Maryland

August 2, 2018 Responsibility for all employees’ wages falls onto the general contractor in California and now in Maryland, paving the way for a new system of paying workers in these two states. The state law in California has been active since Jan. 1, and Maryland will begin to practice this law in October, but with a few more stipulations. In Cal...
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Pattern Links High-Rise Construction to Economic Health

July 31, 2018 As the economy fluctuates, so does the construction of high-rises in major metro areas. According to Dodge Data & Analytics, a pattern of high-rise construction, both residential and nonresidential, has emerged over the past decade, showing a direct link between economic health and high-rise construction. The report, released on J...
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Office Construction to See Slowdown in 2019

July 30, 2018 A slowdown in office construction may be on the horizon. David Bitner, head of Americas capital markets research with Cushman & Wakefield, said in National Real Estate Investor that rising construction costs and zoning issues are among the reasons developers could pull back. By the end of 2018, new office space will be at more tha...
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Sales of New Single-Family Homes Drops in June

After seeing a surge in demand and sales the past few months, the sales of newly built, single-family homes fell during the month of June by 5.3%, according to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Uncertainty in the U.S. market likely caused this downturn, especially with the promise of tariffs on importe...
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Struggling Housing Starts Outweigh Growing Demand

July 20, 2018 Despite the growing demand for single-family housing, the U.S. construction industry is finding it difficult to keep up due to the continuously increasing material costs. According to the National Association of Home Builders (NAHB) and the latest data from HUD and the Commerce Department, these struggles were reflected in the total h...
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UK Councils Not Following 30-Day Payment Rule

July 18, 2018 Local authorities in the United Kingdom, known as councils, are facing backlash from construction associations after freedom of information (FOI) requests revealed about 90% of councils were not enforcing construction firms to pay supply chains within 30 days as required by legislation. Under “Miscellaneous Provisions” in Chapter Nine...
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Australian Government Going After Late Payers

July 17, 2018 The Australian government is looking to combat late payments in the construction industry. The Australian Building and Construction Commission (ABCC) launched a campaign July 17 to help subcontractors secure payment. According to a 2017 survey, 72% of Australian subcontractors surveyed reported at least 40% of their invoices were paid...
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Construction Material Prices ‘Rising Rapidly’

July 13, 2018 Economic progress is dwindling in the eyes of Associated Builders and Contractors (ABC) economists who reported a nearly 10% gain in 2018 construction material prices in June over last year. ABC noted a 9.6% increase in prices compared to 2017, with a 9.8% gain in nonresidential construction, during its analysis of U.S. Bureau of Labo...
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Dodge Momentum Index Increases in June

July 11, 2018 The Dodge Momentum Index (DMI) is inching forward after a revised May reading. According to Dodge Data & Analytics, the index increased less than one percent to 165.5 from May’s 164.2. The index reports nonresidential building projects at the initial planning stage. This has been shown as a leading indicator for construction spend...
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Brexit Affecting Construction Firms

July 9, 2018 With less than nine months until the United Kingdom leaves the European Union, many are already feeling the effect of Brexit. According to a recent report from the Construction Industry Training Board (CITB), a third of construction employers are being impacted by the U.K.’s referendum to exit the EU, which is up 9% from just a year ag...
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