SBE News

Capitol Update 4/17/2023

New Member of CSLB Governor Newsom appointed Amanda Gallo (D – Oakland), management analyst in the Fremont City Manager’s Office, to the Contractors State License Board. Salary: $100 per diem. She was a Senior Policy Analyst at the Santa Clara County Housing Authority from 2014 … read more

Capitol Update 4/7/2023

Payroll employment rises by 236,000 in March; unemployment rate changes little at 3.5% Total nonfarm payroll employment rose by 236,000 in March, and the unemployment rate changed little at 3.5 percent. Employment continued to trend up in leisure and hospitality, government, professional and business services, … read more

Capitol Update 3/27/2023

Are interest-rate hikes construction’s main enemy? In today’s business environment, high interest rates are not always the prime culprit of suppressed construction activity, as surprisingly few projects, even in vulnerable markets such as office and retail, are completely dissolving due to rate increases, says Ken … read more

Capitol Update 3/20/2023

Infrastructure prioritized in proposed White House budget Infrastructure, climate change, commercial navigation and attention to disadvantaged communities are among the priorities addressed in the Biden administration’s fiscal 2024 budget. The outline released by the White House also includes $4.45 billion for 18 transit projects across … read more

Capital Update 3/13/2023

Dodge Momentum Index returns to growth The Dodge Momentum Index climbed back from a January decline with a 1.9% overall rise in February with gains in both the commercial and institutional components. Looking ahead, Sarah Martin, Dodge Construction Network’s associate director of forecasting, says “the … read more