June 2021

June 2021 Construction Data

While Construction Monitor provides construction data customized for your business, our friends at Construction Dive regularly provide construction industry “metrics that matter.” The June information they shared comes from several sources and they centralize that data for the rest of us. Here’s the June 2021 recap: Architecture billings – (Any score over 50 indicates growth.) …

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Construction Industry Success Through DE&I

The construction industry is better-managing workplace diversity. And construction companies are changing their internal cultures to promote an attitude of acceptance and respect for our differences. Diversity, equity, and inclusion (DE&I) is a workforce initiative for which McCarthy Building Companies Inc. has developed a model. The company recently appointed a DE&I vice president, Kamecia Mason. …

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Is a Paperless Construction Industry Possible?

“I bought a house in Texas, sold a condo in Denver and never once met buyers, sellers, or had to go to a bank to sign papers,” said a new homeowner. Electronic contracts and signatures have revolutionized the real instate industry. The construction industry has been slow to adapt to digital contracts and e-signatures. That’s …

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Biden’s Budget Boosts Construction Industry

On Friday, May 28, 2021, President Biden released his 2022 FY budget. It calls for $6+ trillion in spending that “reimagines how – and for whom – the economy works,” says Vox reporter Cameron Peters. Infrastructure spending and education are focal points. “Trickle-down economics has never worked,” said Biden. “The best way to grow our economy …

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Construction Business One Year Post-Pandemic

Of the key economic indicators for our country, housing starts are a leading indicator. Housing starts are sensitive to mortgage rates, which are affected by interest rates, so they represent about 4% of annual gross domestic product (GDP). The industry itself and your construction business are considered economic activities. What’s Changed, Unchanged In 1 Year: Construction Business The …

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Construction Industry Partners with Technology to Overcome Challenges

We’re facing a lot of challenges. But for our labor-driven construction industry, the shortage of talent is having the biggest impact. We need user-friendly technology solutions and we need them now. Machine-Control Technology: The Construction Industry Partner Excavation is one of the most complex aspects of project work for the construction industry. Becoming an excavation …

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OSHA Updates Vaccination Policy for Construction Industry

The Occupational Safety and Health Administration recommended construction industry project managers and team leaders encourage COVID-19 vaccinations. The CDC (Centers for Disease Control) suggested onsite vaccination clinics, paid-time-off incentives, and other promotions to increase the number of vaccinated construction workers. To clarify, the general consensus is an employer can require the COVID-19 vaccination as a …

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