Wednesday, April 25, 2018
Business

Tampa Bay area lost 6,700 construction jobs since August 2011

Tampa Bay lost more construction jobs in the past year than any other metro area nationwide except Atlanta, a sharp local reminder that the building business remains an economic laggard despite an improving housing market.

According to the latest monthly report by the Associated General Contractors of America, the bay area lost 6,700, or 12 percent, of its construction jobs from August 2011 to August 2012. Atlanta lost 7,200 construction jobs in the same period.

Tampa Bay's decline counts for nearly two thirds of the 10,400 construction jobs lost statewide in the same period.

If there's a silver lining, it's that the market for construction actually has improved since January. That's when Tampa Bay ranked first nationwide with annual construction job losses of 7,100. Since January, the number of existing area construction jobs has increased from 43,000 to 47,100 by the end of August. That's still fewer than half of the 95,000 construction jobs enjoyed by the Tampa Bay area at the peak of the housing bubble in the summer of 2006.

Nationally, the market for construction jobs is mixed. Construction employment fell in 164 out of 337 metropolitan areas between August 2011 and August 2012, increased in 130 and was stagnant in 43, the general contractors group said. Association officials said that construction employment in many areas was suffering as government and business officials delay projects in the face of federal tax and funding uncertainty.

Comments

Comcast challenges Murdoch with rival bid for U.K.-based Sky

LONDON — U.S. media giant Comcast on Wednesday offered $30.7 billion for Sky PLC, topping a bid from Rupert Murdoch’s 21st Century Fox and setting up a bidding war for Britain’s biggest satellite TV company.Comcast said it would pay approximately $17...
Updated: 7 minutes ago
Sprouts Farmers Market to open new store in Pasco County

Sprouts Farmers Market to open new store in Pasco County

TRINITY — Pasco County will be getting its first Sprouts Farmers Market, the organic grocery chain announced Wednesday. The new store will open at the Village at Mitchell Ranch on State Road 54 and Little Road. Officials with the speciality store did...
Updated: 24 minutes ago
Duke Energy announces new Florida leadership

Duke Energy announces new Florida leadership

The head of Duke Energy Florida is leaving the post to take a new role with the parent company of the electric utility.Harry Sideris was appointed this week to serve as vice president and chief distribution officer overseeing Duke Energy’s six-state ...
Updated: 1 hour ago
Circle K launching own gas at eight Hillsborough locations

Circle K launching own gas at eight Hillsborough locations

TAMPA — Circle K is converting the gas station portion of eight of its Hillsborough locations to Circle K fuel. Previously, the fuel was provided by other brands, such as Shell. The new Circle K branding also brings with it the Canadian-owned conveni...
Updated: 1 hour ago
Yelp search results reflect racist stereotype that Asian restaurants serve cat and dog

Yelp search results reflect racist stereotype that Asian restaurants serve cat and dog

A strange thing happened when typing "dog menu" into the restaurant ratings website and app Yelp. It automatically generated suggested searches. There were dog massage, hot dogs, pet groomers. Also: "dog meat." But it got more disturbing. Take Yelp...
Updated: 1 hour ago
Florida leads other hurricane-prone states in quality of its building codes

Florida leads other hurricane-prone states in quality of its building codes

Florida has the strongest residential building codes among 18 coastal states, according to a new study by the Insurance Institute for Business & Home Safety. Florida’s rating is 95, almost three times higher than lowest-ranked Texas. Other states wit...
Updated: 5 hours ago
Study: Tampa Bay homes in once ‘redlined’ neighborhoods worth half those in other areas

Study: Tampa Bay homes in once ‘redlined’ neighborhoods worth half those in other areas

Times staffRedlining’ — banks’ refusal to make mortgage loans in certain areas — still has a huge effect on housing values even though the practice was banned 50 years ago. According to Zillow, a Tampa Bay house in a once-redlined area is worth less ...
Updated: 5 hours ago
Tex-Mex chain Chuy’s opens first Tampa restaurant, Nebraska Mini-Mart grab-and-go coming soon

Tex-Mex chain Chuy’s opens first Tampa restaurant, Nebraska Mini-Mart grab-and-go coming soon

NOW OPEN: TEX-MEX CHAIN CHUY’SThe Austin, Texas-based Tex-Mex chain Chuy’s opened its first Tampa restaurant on Tuesday, giving away free Chuy’s for two for a year to the first 50 customers. I know, we missed it, it’s a bummer, but we can still visit...
Updated: 5 hours ago
Clearwater looks to move out of City Hall to speed up Imagine Clearwater waterfront redevelopment

Clearwater looks to move out of City Hall to speed up Imagine Clearwater waterfront redevelopment

CLEARWATER — Elected officials have talked about relocating City Hall from the downtown bluff for a good 30 years. Now there’s a jolt of urgency to actually do it.Voters backed a referendum in November that essentially greenlighted the $55 million re...
Updated: 11 hours ago
Madeira Beach rethinks commitment to ferry

Madeira Beach rethinks commitment to ferry

MADEIRA BEACH — When most members of the current City Commission ran for office they pledged to impose tighter fiscal controls on spending taxpayer dollars.It was obvious Tuesday they haven’t changed their minds. The commission’s latest target is a f...
Published: 04/25/18