Construction Spending Rises To Four-year High

bridge-work

In a report submitted to the additional principal chief conservator of forests, South Wayanad divisional forest officer (DFO) P Dhanesh Kumar reiterated his stand that the construction activity should be banned at the site. Kumar had on August 20 issued a stop memo to the university registrar. “No sanction has been received from the ministry of environment and forests for diverting the forest land for purposes other than rehabilitation of tribals,” the report said. It further said the land was part of 531 hectares of vested forests transferred to the revenue department in 1978 for a tribals’ collective farm under the Pookode dairy project. Though the land was handed over to the revenue department, it has not been declassified, making it reserve forest land.

MARKETS: How stocks are performing Tuesday Federal Reserve Chairman Ben Bernanke has said the central bank is prepared to start reducing its monthly bond buying later this year if the economy and labor market keep improving. Some economists believe the first cut in the $85 billion per month in bond purchases might come at the Fed’s next meeting on Sept. 17-18. But others argue that the economic outlook remains too uncertain at the moment to start reducing bond purchases. They are forecasting the Fed will wait until either its October or December meetings before making a move. SHARECONNECT 53 TWEET COMMENTEMAILMORE Copyright 2013 The Associated Press.

Construction spending up, but labor shortage a growing problem

Nearly three-quarters of construction companies are facing a labor shortage. 

4, 2013 by Andrew Sharbel, Times-Mirror Staff Writer | 0 comments | Email this story Courtesy map/Town of Leesburg A map of the detours to access both Masons Lane and Gleedsville Road during the two month construction period. Beginning Sept. 16, construction on the realignment of Virt’s Corner at the intersection of Masons Lane, Gleedsville Road and Route 15 will begin. While construction is going on a projected two months there will be no access to Masons Lane or Gleedsville Road from Route 15. During construction, which is expected to last approximately two months, there will be no access to Masons Lane or Gleedsville Road from Route 15 at that intersection.

Construction at Virts Corner will shut down access from Route 15

A survey of roughly 700 construction firms nationwide this summer by the Associated General Contractors of America found that 74 percent of respondents are having a hard time finding skilled labor. At a time when construction spending hit a four-year high of $901 billion in July, according to another report by the AGCA Tuesday, respondents also fear the worker problem may only worsen in the coming year. Survey results were broken down to a state-by-state level for the 15 states with the highest concentration of respondents. Arizona was not one of them, but an article I wrote in May showed the worker shortage is also prevalent at the local level. The AGCA survey found that nearly three quarters of respondents had the hardest time finding qualified craft workers, which includes equipment operators, plumbers, carpenters, etc. More than half reported issues of filling professional staff positions, such as field supervisors, corporate executives and office managers. Competition for the few available workers has also grown fierce.

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