The decline is a result of diminished demand for labor, potentially due to cold weather and the presidential transition, according to a construction economist.
These types of accounts help contractors, lenders and suppliers protect funds from online fraud while keeping a project on schedule, writes title expert Michael Stump.
During the span of her work in construction, Jessica Gerlach progressed from pouring cement to heading safety initiatives at Minneapolis-area contractor McGough.
Despite firms’ stable profit margins and expanding sales, the economy faces several challenges that could affect construction, said ABC’s chief economist.
The downturn will expand to the rest of the U.S. economy this year via slowing economic output and rising job losses, the NAHB’s chief economist said Tuesday.