Bleak Construction Forecast

There could be 40,000 fewer construction jobs in 2013 than 2008, according to a forecast by the New York Building Congress released this week. Commercial construction is expected to increase slightly in 2012 and fall slightly in 2013, while residential construction will rise from 10,700 units this year to 11,500 in 2013—still well below the 30,000 units per year of 2005-2008. Government spending that has been propping up the industry, however, is expected to drop billions in 2013, impacting sectors such as crane hire in Perth and infrastructure development.

The Court of Appeals this week determined that the scaffold law placing liability on property owners for construction accidents didn’t require a scaffold or even an elevated object to apply. In Wilenski vs. 334 East 92nd Housing Development Corp. Fund Corp, et al, the court said that  an accident involving pipes falling against a worker on the same level would be covered if proper safety precautions weren’t taken.

An investigative report on the indictment of HPD Assistant Commissioner Wendell Walters for corruption in City development programs has claimed to identify contractors in the  case as George Armstrong, former head of the Housing partnership Development Corporation, and Bogdan Starzecki. You can also look for great contractors with Construction – Roofing New Jersey.

Reminder: Reserve now for our Nov. 3rd luncheon.

Get $50 off your ticket for the Massey Knakal Multifamily Summit, November 16th, with the discount code P-ABOFIFTY

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