Tag: economy

Construction-Related Events Rescheduled Due to COVID-19

May 01, 2020

Scores of construction-related conventions, meetings, and conferences have been postponed or even canceled due to the worldwide novel coronavirus pandemic (COVID-19). These include, of course, the International Institute of Building Enclosure Consultants’ (IIBEC’s) 2020 Convention and Trade Show, which was to have occurred in March. By now, interested parties know that IIBEC convention papers will […]

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CARES Act Small Business Provisions

April 03, 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed by President Trump on March 27, 2020. This Act has certain provisions that apply to small businesses in need of assistance due to the pandemic. The programs listed below are primarily designed to help employers rehire or retain employees. The CARES Act provides avenues […]

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Canada’s COVID-19 Emergency Response Act

April 03, 2020

The Parliament of Canada has formulated a response plan to help Canadians facing hardship as a result of the COVID-19 outbreak. This response plan includes assistance for both individuals and businesses. The COVID-19 Emergency Response Act was recently passed by Parliament to provide an estimated $107 billion in assistance. This article will focus on support […]

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Rule Change Makes 1.3 Million More Americans Eligible for Overtime

January 03, 2020

A final rule by the U.S. Department of Labor updates the earnings threshold necessary to exempt executive, administrative, and professional employees from the Fair Labor Standards Act’s (FLSA’s) minimum wage and overtime pay requirements. The new thresholds had not been updated since 2004 and were effective on January 1, 2020. The rule: Raises the “standard […]

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Blue Steel Building

North American Steel and Aluminum Tariffs Lifted

July 01, 2019

The U.S., Canada, and Mexico have ended the tariffs that were in place for nearly a year on one another’s shipments of steel and aluminum. Associated General Contractors (AGC) Chief Economist Ken Simonson (Interface’s Construction and the Economy columnist) is reported as saying that the end of the tariffs will be “a very welcome development […]

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Home Depot Store

Home Depot Out of Roofing and Siding Businesses

May 02, 2019

Home Depot—America’s best-known home improvement retailer—is getting out of the roofing business nationwide, according to NBC 6 in Florida. Citing delays in service due to a “shortage in materials and labor,” the company is also discontinuing installation of insulation, siding, and gutters. A spokesman for Home Depot said the company will focus on programs “where […]

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ice detainment data

ICE Enforcement and Raids Stepping Up

February 01, 2019

Immigration and Customs Enforcement (ICE) I-9 audits and raids on workplaces to arrest illegal immigrants have reached the highest numbers since 2014. Approximately 8000 I-9 audits of U.S. workplaces—four times the number issued in 2017—occurred in 2018. An I-9 audit is a review of an employer’s I-9 forms, required on each employee upon hire to […]

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townhome building data

Townhouse Construction Outperforms Other Building Sectors

January 01, 2019

According to statistics of the U.S. Census Bureau, analyzed by the National Association of Home Builders (NAHB), townhouse construction continues to outperform many other building sectors. Given the demographics of renters entering the for-sale market, as well as ongoing land constraints and the growing demand for walkable neighborhoods, this trend should continue. In the four […]

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drugs

Opioid Use and Abuse in Construction

November 01, 2018

Due to jobsite hazards and strenuous activity, pain afflicts construction workers, making them more susceptible than many other workers to substance abuse in the form of opioid misuse. Construction inflicts particular stress on backs, knees, shoulders, and other joints. The highly addictive drugs have caused 2.5 million Americans to become addicted. An estimated 15% of […]

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Sad construction worker

Suicide Rate High Among Construction Workers

October 01, 2018

According to the United States’ Centers for Disease Control, workers in the construction industry have the second-highest suicide rate of all occupational groups. Researchers examined 12,000 suicides in 17 states from 2012 and found that farming, fishing, and forestry workers had the highest rate (84.5 per 100,000 workers), followed by construction and extraction (53.3) and […]

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