Construction Spending Decreases as Public Investment Tumbles, Private Outlay Grow Slows

Construction spending in June declined from May but increased from a year ago as public investment shrank for nearly every type of structure, according to an analysis of new government data by the Associated General Contractors of America. Association officials cautioned that the significant declines in public-sector construction spending come at a time when much of the nation’s public infrastructure is deteriorating due to age or overuse. “Construction spending is still increasing overall but growth has become much more uneven across categories in recent months,” said Ken Simonson, the association’s chief economist. “There has been a steep decline in public … Read more

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ABC Reports Construction Input Prices Plod Higher, Energy Prices Down

WASHINGTON, D.C. — Construction input prices increased .3 percent in July and are up 3 percent on a year-over-year basis, according to an Associated Builders and Contractors analysis of data released by the Bureau of Labor Statistics. Nonresidential construction input prices were in line with overall industry dynamics, increasing 0.3 percent for the month and 2.7 percent for the year. Eight of 11 key construction input prices rose in July. Among the inputs experiencing declines in prices were crude petroleum (down 8 percent) and natural gas (down 7 percent). Natural gas prices have fallen during four of the past six … Read more

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Elecosoft Offers No-Cost Academic Licenses for Asta Powerproject

DENVER, Colo. — When construction management students at Colorado State University students return to campus this semester, they’ll be preparing for a future in a competitive and ever-changing industry. Assistant professor Mary Nobe explains that today’s construction “training is ultimately about preparing students for a workforce that increasingly demands management track employees understand not just construction but also technology and its role in making informed decisions.” Nobe co-teaches a Construction Project Scheduling and Cost Control class (CON 461) that uses the same Asta Powerproject software used by more than 100,000 schedulers. The software evolved with the construction industry over the … Read more

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Ground Breaks for Harrah’s Cherokee Valley River Casino Entertainment Addition

Harrah’s Cherokee Valley River Casino, construction/design teams and guests celebrated the official groundbreaking of the new bowling and entertainment center addition in in Murphy, North Carolina. The 38,000-square-foot Ultrastar Mutli-tainment Center at Harrah’s Cherokee Valley River Casino will bring a bowling center with 16 lanes and a 2,200-square-foot arcade to the Murphy area for family friendly activities. On the opposite side, the addition will also house the casino’s first full-service restaurant, with a nearly 260-seat capacity. Two bars will be included in the new construction, one to service the bowling center, the other near the restaurant to service both waiting … Read more

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