By Steven Cvitanovic
As a presidential candidate, Donald Trump promised he would eliminate excessive regulations, pull out of trade agreements that were “bad deals,” and slow or eliminate illegal immigration to protect American workers. Trump has been able to fulfill his promises through Executive Orders, at least temporarily, but has the flurry of Executive Orders had any impact? Yes, but it is not all good.
By the Editors of Construction Today
A leading real estate investment, mixed-use development and hospitality management company, The Witness Group has a vast portfolio of top-branded properties throughout the United States.
By Heidi Pozzo
Risk. Just hearing it can send chills down your spine. After all, most people see it as a downside. But risk can be a competitive advantage. When you understand what can go wrong in your business, you also will find what you do well. That knowledge will allow you to minimize the impact of downside risks. By finding a point of distinction in managing risk better than your competitors, you have a decisive advantage.
By Chad Hollingsworth
Technological change is increasing exponentially, and along with it, the very way we do business. With the rapid adoption of digital networks and the widespread use of connected devices, consumers have come to expect real-time, data-driven information at their fingertips. While most industries have embraced – and are able to deliver on – this digital transformation, construction remains among the least digitized industries in the United States, second only to agriculture and hunting.
Washington, DC – December 19, 2017 – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for November 2017 ….
Building Permits: Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,298,000. This is 1.4 percent (±1.7 percent) below the revised October rate of 1,316,000, but is 3.4 percent (±2.3 percent) above the November 2016 rate of 1,255,000. Single-family authorizations in November were at a rate of 862,000; this is 1.4 percent (±1.6 percent) above the revised October figure of 850,000. Authorizations of units in buildings with five units or more were at a rate of 395,000 in November.
Housing Starts: Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,297,000. This is 3.3 percent (±9.1 percent) above the revised October estimate of 1,256,000 and is 12.9 percent (±11.7 percent) above the November 2016 rate of 1,149,000. Single-family housing starts in November were at a rate of 930,000; this is 5.3 percent (±10.2 percent) above the revised October figure of 883,000. The November rate for units in buildings with five units or more was 359,000.
Brussels – December 19, 2017 – In October 2017 compared with September 2017, seasonally adjusted production in the construction sector decreased by 0.4% in the euro area (EA19) and by 0.7% in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In September 2017, production in construction grew by 0.1% in the euro area, while it fell by 0.2% in the EU28.
By Alan Dorich
Many companies have complex operations, but Rybak Development thrives by keeping things lean and simple. This has paid off for the Brooklyn, N.Y.-based real estate and construction company, owner and Principal Sergey Rybak says.
