State and federal transportation funding increases have allowed Wisconsin to move forward with projects to improve the condition, reliability and safety of the state’s transportation system. Despite these funding increases, Wisconsin still faces challenges in improving and maintaining its transportation system to improve traffic safety, relieve traffic congestion and improve road and bridge conditions. Roads and bridges that are deteriorated,…
Read MoreTag: economy
The Pulse: No Recession Up Ahead
Business leaders across all sectors, including construction materials, are still navigating the tough environment of high inflation and labor shortages. But materials price increases and a construction backlog bode well for the market, according to the latest edition of The Pulse, the quarterly economic report from Allen-Villere Partners and Rock Products.
Read MoreNew Report Calls For Modernizing and Expanding Key Texas Highways
Increasing traffic levels, a lack of connectivity between urban and rural areas, and a lack of adequate safety features are among the challenges faced on Texas’ rural transportation system, according to a new report from TRIP, a national transportation research nonprofit based in Washington, D.C. The TRIP report, “Keeping Rural Texas Connected,” examines the safety, reliability and connectivity of the…
Read MoreHow The Housing Slowdown Affects GDP
Look, there is no sugar-coating this, the housing market is really slowing down because of the action the Fed is taking to tame inflation. Interest rates are on the rise, and that has served to tamp down a tremendously overheated housing market that was starting to look eerily similar to the tulip mania craze of the 1600s in Holland, when…
Read MoreJob Growth Continues to Explode
An email appeared in my inbox from the homeowner’s association that runs our subdivision, and it was a forward from the trash hauling company that services our community. They announced they were suspending the collection of recycling until further notice due to an acute shortage of drivers and helpers, so they could focus on the more essential task of collecting…
Read MoreThe Economic Boom I Expected
Last month, I wrote about the housing boom that I had been predicting, and since then, the National Association of Realtors released a report stating that construction of new housing in the past 20 years fell 5.5 million units short of long-term historical levels and called for a “once-in-a-generation” policy response. But a booming housing market rife with shortages is…
Read MoreBipartisan Infrastructure Deal Would Aid Economic Growth
A bipartisan infrastructure deal reached by President Joe Biden and a group of senators would not only add to economic growth, but also lower the national debt, according to a new study from the University of Pennsylvania’s Wharton School.
Read MoreNew Study Touts Impact of Infrastructure, Education, Child-Care
President Biden and a bipartisan group of senators agreed to a compromise deal on a partial infrastructure deal, and a new study from the Levy Economics Institute of Bard College projects a significant increase in the growth rate in 2021 as a result. Infrastructure, education and families proposals, if enacted, will have positive macroeconomic benefits.
Read MoreIndustry Leaders Share Growth Projections at TACA Meeting
The Texas Aggregates & Concrete Association (TACA) welcomed more than 450 attendees to its 67th Annual Meeting June 16-18 at the JW Marriott San Antonio Hill Country Resort & Spa.
Read MoreAEM Holds Infrastructure Briefing
Associated Equipment Manufacturers (AEM) hosted a virtual briefing for dozens of national and trade reporters to discuss current federal infrastructure proposals and their potential impact on the $288 billion equipment manufacturing industry. The briefing featured AEM President Dennis Slater; AEM Infrastructure Vision 2050 Taskforce Chair and Vermeer Corp. President and CEO Jason Andringa; and AEM Infrastructure Vision 2050 Taskforce Vice…
Read More