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By Jessica Taylor
After giving businesses more than six months to prepare, the final Department of Labor rule change regarding overtime regulations will become effective Dec. 1, affecting more than 4.2 million workers. Currently, an employee making at least $23,660 per year can be classified as "exempt," thus preventing the opportunity for overtime pay. The adjustment would increase the threshold to $47,476. With only one month left, do you know how the law will impact you and your employees?
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The Washington Post
In 1978, the federal government banned the use of lead-based paint in homes after long-term studies showed that lead causes severe health problems, especially in children under 6, damaging their nervous systems even before birth.
Although lead-based paint is off the market, millions of homes still have it on the walls. As long as it's in good condition, it probably isn't a hazard. But scraping and sanding changes that, creating dust that can be very harmful.
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Construction Dive
Non-fatal, private-sector construction injuries in 2015 were at a rate of 3.5 per 100 workers, a 0.1 percent drop from 3.6 workers in 2014, according to the Bureau of Labor Statistics. Despite the slight dip in the rate, the number of recorded injuries and illnesses increased 1.9 percent from 2014 to 204,700 due to the increase in the construction workforce.
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Window Film Magazine
According to a recent report on ReportLinker, the global solar control window film market is expected to reach $849.2 million by 2024. Growing construction and automotive industries are projected to fuel the growth of the market.
Construction led the market in terms of installations in 2015, accounting for 57.4 percent of the solar control window film industry. The Asia Pacific, Middle East and Africa are continuing to grow construction activities, providing the necessary momentum to reach the forecasted uptick. According to the report, regulations regarding energy consumption and conservation, particularly in commercial buildings, have further increased the demand for solar control films.
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Construction Citizen
Seasonally adjusted construction employment rose in 35 states from August 2015 to August 2016 and fell in 15 states and the District of Columbia, an AGC analysis of Bureau of Labor Statistics data showed. Pennsylvania lost 2,600 jobs (1.1 percent).
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For Construction Pros
Construction costs fell for the 22nd month in a row in October, according to IHS Markit and the Procurement Executives Group. The headline current IHS PEG Engineering and Construction Cost Index registered 48.7 this month, up from 48.1 in September. Both labor and materials sub-indexes recorded soft prices, keeping the headline figure below the neutral mark.
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Remodeling
The sunny optimism for 2016 that remodelers showed last spring has turned cloudier and will remain that way through 2017, a survey of several hundred remodelers shows.
The spring and fall polls were conducted by The Farnsworth Group and reported Oct. 25 during the semiannual Remodeling Futures Conference at the Joint Center for Housing Studies of Harvard University. The following is a graphic look at the responses from roughly 370 remodelers last spring and 204 of the same remodelers this fall when asked to predict the growth in their company's revenue.
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