Dodge Momentum Index Jumps in December

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NEW YORK, N.Y. – The Dodge Momentum Index increased 2.9 percent in December to 136.7 (2000=100) from its revised November reading of 132.8. The momentum index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. After trending upward over the course of 2016, the index is now at an eight-year high, although still more than 25 percent below its previous peak reached at the end of 2007. December’s gain was due to a 5.7 percent increase in the … Read more

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Almost Three-Fourths of Construction Firms Plan to Expand Headcount in 2017

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Seventy-three percent of construction firms plan to expand their payrolls in 2017 as contractors expect private and public sector demand to grow in all market segments, according to survey results recently released by the Associated General Contractors of America and Sage Construction and Real Estate. Despite the general optimism outlined in Expecting a Post-Election Bump: The 2017 Construction Industry Hiring and Business Outlook, many firms report they remain worried about the availability of qualified workers and rising health and regulatory costs. Contractors had a positive outlook, on net, for all 13 market segments included in the survey. Respondents are most … Read more

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Lewis and Clark Bridge, East End Crossing Open to Traffic

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The East End Crossing recently opened to traffic, marking the completion of the Louisville-Southern Indiana Ohio River Bridges project. Indiana Lt. Governor and Governor-elect Eric Holcomb announced the newly named Lewis and Clark Bridge by executive order of Vice President-elect Governor Mike Pence at a ribbon-cutting ceremony on the Indiana approach of the new bridge. Following the ribbon cutting, Holcomb and other speakers were loaded into two Ford vehicles built at the nearby Kentucky Truck Plant in East Louisville to ceremonially cross the bridge for the first time. Project officials followed state leaders in Transit Authority of River City buses. … Read more

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Gilbane Celebrates Topping Out at Navy Federal Credit Union Headquarters

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ARLINGTON, Va. – Gilbane Building Company recently celebrated a major milestone at the site of the Navy Federal Credit Union headquarters in Vienna, Virginia. The expansion will add 600 jobs to the 3,500 jobs already provided by the current facility. It will include a pedestrian walkway connecting the new facility and parking garage with the existing campus. The project was designed by J3 Design Collective and is scheduled for completion by the end of 2017. The parking structure will provide an additional 1,184 parking spaces to the NFCU campus and the office building will initially house about 600 employees, with … Read more

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Turner Hosts Panel on Lean, Prefabrication and Modularization

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Turner’s office in New York recently hosted its inaugural Innovation Series panel discussion titled Lean Construction: Prefabrication and Modularization. More than 200 business partners and industry thought leaders attended the event at the Whitney Museum of American Art – a Turner project, and a striking architectural setting for a conversation among construction professionals. Charlie Whitney, vice president and general manager of Turner’s office in New York, offered introductory remarks. Then, following a cocktail reception during which guests were invited to tour the museum, the formal program began with a screening of a short documentary film on Turner’s Niarchos Foundation-David Rockefeller … Read more

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