Who We Are US Division Canada Division Product Information Management Partners Careers Advertising Opportunities Press Releases Reed In The News
Construction Project Leads BIM SmartBuilding Index Construction Costs (RSMeans) Market / Predictive Analytics Building Product Information Daily Commercial News Journal of Commerce B2B Marketing Construction Market Research
SmartBIM Market Insights Connections RSMeans SmartBuzz accessArchitecture Green Construction US Construction Canadian Construction
Search Project Leads Building Product Information Regional News & Info Building Codes Building Cost Models Project Library by Building Type eNewsletters Blogs Ask Our Experts Events
Upload Plans & Specs
RSMeans Bookstore Preorder 2010 Cost Data SmartProject News
home blog postings signs of the times for construction

Signs of the Times for Construction

April 07, 2008 - Denise Holtby

Featured in:

    Join the Discussion!

    Google Reader is a very cool application for those of us who are news junkies. Basically, it allows you to group all of your RSS feeds in one place, then scroll through the headlines quickly. When you see an article you want to investigate further, a single click takes you directly to the source. The ability to scroll through headlines quickly has another added benefit… it's easy to spot trends when you've got so much news coming at you from all over the web. Lately, two trends have caught my eye: (1) Notices of layoffs and plant closings by some of the major building products manufacturers are coming in at the rate of two or three a week. For example, construction supplier USG Corp. plans to cut about 10 percent of its workforce in response to adverse U.S. market conditions. Meanwhile, the U.S. economic slowdown is taking its toll on Canadian wood product manufacturers, too. Weyerhaueser announced it will shut its Hudson's Bay, Saskatchewan mill in July 2008. (2) Several mega projects have been cancelled, put on hold or have had their construction start dates pushed back lately. Rising construction costs, a slow economy and tighter credit markets are definitely taking their toll. For example, Petro-Canada has cancelled a $760-million pipeline extension that was to be constructed along the St. Lawrence River. The company is also reconsidering a $1-billion regasification plant planned for Gros Cacouna, Quebec. In Las Vegas, Donald Trump hasn't decided on a construction start date for the planned building that will be an identical match to his new $1.2-billion, 64-storey Trump International Hotel and Tower. Finally, another sign of the times with a twist. Thanks to continued high demand for copper, which is used to make bronze and brass, thieves are now robbing graveyards.
    See latest articles on economy & finance

    Member Comments

    » View all comments (0 total comments)
    Post Your Own Comments 
    » Not a member? Register now to become one. Otherwise, login to post your comments on this article.

    Related News & Information

    Related Channels

       Community Login | Register

    Search Site

    Advanced Search


    What's Hot

    Take a Demo!


    Recent News

    E Newsletter

    Do You Know?

    World-class customer support is based in our Norcross, Georgia headquarters.

    Learn more!


    Resource Center

    © 2009 Reed Construction Data Inc. All rights reserved.