In an Australian-first Building Equality Policy (BEP), the Victorian government has announced that the country’s most male-dominated industry will need to employ a minimum number of women by 2024 or face penalties. Aimed at “disrupting gender stereotypes,” women now need to make up at least 38 percent of roles in government-contracted projects to help more women…
When Choosing a Lot for a House, Don’t Overlook Drainage Problems
Dear James: Our last house had drainage problems after storms. When we select a lot to build our new house, what steps should be taken to evaluate possible drainage issues?—Jessica R. Dear Jessica: When selecting a lot for a new house, most people think poor drainage can just make the yard muddy or harm landscaping….
Australian Construction Sector Sees Improved Activity in February
Australia’s construction industry saw some improvement in February after the disruptions caused by the COVID-19 Omicron variant over December and January. The Australian Industry Group/Housing Industry Association performance of construction index rose 7.5 points to 53.4 in February, indicating the sector is again growing with a score above 50 points. Ai Group chief policy advisor…
Biden to Sign Executive Order Requiring Project Labor Agreements for Federal Construction Projects up to $35 Million
President Joe Biden is set to sign an executive order on Friday aimed at bolstering project labor agreements (PLAs) used for federal construction projects costing more than $35 million. Biden will travel to a local ironworkers union in Maryland to sign the order which the White House says will “improve timeliness, lower costs and increase quality in federal…
US Construction Spending Misses Expectations in December
WASHINGTON—U.S. construction spending increased less than expected in December as a solid rise in private projects was partially offset by a sharp decline in outlays on public projects. The Commerce Department said on Tuesday that construction spending rose 0.2 percent after advancing 0.6 percent in November. Economists polled by Reuters had forecast construction spending gaining…
Hitachi to Sell About Half Its Stake in Construction Unit: NHK
TOKYO—Japan’s Hitachi Ltd. will sell about half its 51 percent stake in unit Hitachi Construction Machinery Co. to trading firm Itochu Corp. and investment fund Japan Industrial Partners, public broadcaster NHK reported on Thursday. Hitachi will sell the stake for about 200 billion yen ($1.7 billion), according to a Nikkei business daily report, which did…
South Korean Rescuers Locate Man at Collapsed Construction Site
SEOUL, South Korea—South Korean rescuers on Thursday located a man under a pile of debris and broken concrete at the construction site of a 39-floor building that partially collapsed three days earlier, leaving six workers missing, officials said. Crews were trying to clear the rubble to reach the man, but have yet to confirm whether…
British Construction Industry Growth Picks up Despite Supply Pressures
Growth in the UK’s construction sector picked up pace again last month despite supply disruption impacting firms, according to new figures. The closely followed IHS Markit/CIPS UK Construction purchasing managers’ index (PMI) hit a reading of 54.6 for October, up from 52.6 in September. Any reading above 50 is seen as a sector in growth….
Construction Spending Unexpectedly Falls in September
WASHINGTON—U.S. construction spending unexpectedly fell in September amid declines in outlays on both private and public projects. The Commerce Department said on Monday that construction spending dropped 0.5 percent after edging up 0.1 percent in August. Economists polled by Reuters had forecast construction spending gaining 0.4 percent. Construction spending increased 7.8 percent on a year-on-year…
New Construction in China Declines for 6th Month, Largest Downward Trend Since 2015
October 18, 2021
admin
Business & EconomyChinaChina Business & EconomyChina real estateconstructionCOVID-19 pandemicEconomiesevergrandeLiquidationMarkets
0 Comment
China’s new construction starts declined for a sixth month in September, marking the longest downward trend since the March-August 2015 downturn. New construction starts in September fell 13.54 percent from the year prior, the third month of double-digit declines, according to Reuters calculations based on January-September data released by the National Bureau of Statistics on Monday. Property…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta