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Commercial Construction Trends and Predictions for 2016

HardHatChat

A continuing construction labor shortage will result in higher pricing and scheduling challenges in 2016. We are optimistic this positive momentum will continue into 2016, but as always there are challenges ahead, too. Locally Grown Restaurants Feed the Construction Pipeline.

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Oshkosh Revises 2016 Expectations Upward

Construction Equipment

Oshkosh Corporation announced at its Analyst Day last Friday that the company is increasing its fiscal 2016 financial estimates and expects to deliver year-over-year growth in revenue, operating income and earnings per share (EPS) in fiscal 2017.

Income 48
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Iowa Program Introduces Low-Income Women To Heavy Equipment Jobs

Construction Equipment

Iowa Workforce Development , IowaWORKS and Hawkeye Community College are using a $75,000 Walmart Foundation grant to introduce low-income Iowa women to high-growth construction jobs.

Iowa 48
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Decarbonization Efforts Largely Exclude Affordable Housing

Pro Builder

A leading example of a statewide decarbonization program targeting multifamily properties with low-income residents is California’s Low-Income Weatherization Program (LIWP), one of the largest building electrification efforts in the United States.

Housing 98
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Over 19 Million Renter Households Considered ‘Cost Burdened'

Pro Builder

spent more than 30% of their income on housing costs, a share considered “cost burdened” according to the Department of Housing and Urban Development’s definition of affordable housing, Forbes reports. Between 2012-2016 and 2017-2021, over half (1,699) of all U.S. Over 19 million renters across the U.S.

Income 52
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Deere Reports Q4 Sales Up 23 Percent to $8.028 Billion

Construction Equipment

Deere released its fourth quarter earnings today, showing net income attributable to Deere & Company was $510.3 million, for the quarter ended October 30, 2016. For fiscal 2017, net income attributable to Deere & Company was $2.159 billion compared with $1.524 billion in 2016.

Income 88
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These Cities Are Becoming More Affordable for Renters

Pro Builder

More than 40% of renters pay more than a third of their income on housing costs, meaning affordability typically affects renters more than it would homeowners, according to Smart Asset. The top five cities where rent has changed the most from 2016 to 2019 are Boston, San Francisco, Los Angeles, DC, and Baltimore. Key Findings.