According to Yahoo, as the country recovers from the recession, the U.S. road construction industry continues to struggle. Overall spending on road, bridge, and tunnel construction in 2009 and 2011 has dropped by 4.4 percent, due to the lack of a long-term transportation bill and the completion of most American Recovery and Reinvestment Act-funded projects. Even though […]
Author: Stephen
construction liens, construction loans, Kansas city federal reserve bank, land development loans, Mechanics Liens
A report from the Kansas City Federal Reserve Bank
According to Bizjournals, the Federal Reserve Bank of Kansas City which regulates banks in a seven-state region, allowed for land development and construction loans to be made during the second quarter. According to the recent report by the Federal Reserve Bank of Kansas City, the banks only netted a profit of $110 million over loans in […]
A report from the Commerce Department
According to the Washington Post, the Commerce Department reported strong gains in non-residential and housing projects from June to July at an upward rate of 0.6 percent. This increase has put the residential construction at it’s highest level since September of 2008. Non- residential construction, which includes construction on hotels and motels, showed an increase of […]
Virginia’s Mechanics Lien Amendment
Virginia’s legislature has added a new section to it’s Mechanics Lien. According to Williams Mullen, beginning July 1, 2013, anyone performing labor without a valid contractor’s license, certificate, or proper class of license for the value of worked performed in the state of Virginia will lose their entitlement to a mechanic’s lien. Check out Virginia’s guidelines at LienItNow.
college construction, construction finance, construction lien, construction spending, economy, mechanics lien
College Construction Spending in Accordance to the Rise and Fall of the Economy
According to the The Chronicle of Higher Education, research presented at the Association for the Study of Higher Education has shown that state expenditures on college construction for higher-education does not coincide with the rise or fall of the economy. The study has also shown that college construction spending tended to rise in the best and worst […]