Construction Input Prices Surge to Start 2017, ABC Says Energy Prices Remain on the Ascent

WASHINGTON, D.C. – Construction input prices collectively rose by 1 percent on a monthly basis and 3.8 percent on a year-over-year basis, according to analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. This represents the fastest year-over-year rate of materials price inflation since the beginning of 2012. Nonresidential input prices rose 0.9 percent for the month and are up 4 percent year over year. The rise in input prices is largely attributable to natural gas prices, which expanded 23.6 percent for the month and are up 81.8 percent year over year. Crude petroleum prices … Read more

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Lendlease Turner JV Awarded Convention Center Expansion Project

NEW YORK, N.Y. – A Design-Build team led by Lendlease Construction LMB Inc. and Turner Construction — with tvsdesign — was selected by Empire State Development Corporation to oversee the $1.5-billion expansion of the Jacob K. Javits Convention Center located in New York, New York. The expansion adds state-of-the-art exhibit and meeting room spaces to attract large-scale trade shows and conventions, while enhancing the quality of life for the West Side community. The expansion will result in increased economic activity to the city and state while at the same time enhance the quality of life for the community as traffic … Read more

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Work Begins on 103,00-SF Facility in Union, Missouri

The Korte Company has begun working on a new manufacturing facility in Union, Missouri for Spray Dynamics, a subsidiary of Heat and Control, Inc. The 13.3-acre site will soon be home to Heat and Control’s newest facility. Washington Engineering & Architecture was named the project’s architect and engineer. The new facility offers the latest in manufacturing capabilities, testing rooms and includes a trial center able to provide comprehensive testing capabilities across the company’s wide range of products. A temperature control system is capable of simulating plant conditions during product trials. The facility is expected to be complete in the fourth … Read more

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Construction Firms Getting Squeezed by Increasing Materials, Labor Costs

The cost of materials used in construction rose markedly faster than the price of completed buildings, according to a new analysis of federal producer price data recently released by the Associated General Contractors of America. Association officials cautioned that potential restrictions on the use of imported construction materials threaten to drive up the price of infrastructure, buildings and new homes and apartments. “Steep price hikes have hit a wide range of key materials used in construction in the past few months, and contractors have received numerous letters from vendors announcing large additional increases in the next month or two,” said … Read more

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