Market Forecast: Nonresidential Construction to Rebound in 2017

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CHICAGO, Ill. – A market study released by the Metal Construction Association reports that 2017 will be the year the nonresidential construction industry will return to the peak levels last seen in 2007. The residential market will take a bit longer to hit the mark, but the news is positive across the board for industry stakeholders. According to the study, conducted by FMI, the growth has been steady and moderate over the past five years and is slowly inching its way back to high levels seen a decade ago. Growth is predicted to reach 8 percent in 2016 reaching $1.14 … Read more

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Dodge Momentum Index Continues Ascent in August

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NEW YORK, N.Y. – The Dodge Momentum Index grew 1.3 percent in August to 134.9 (2000=100), from its revised July reading of 133.2. 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. The move higher in August was the result of a 1.7 percent increase from July for institutional planning, as well as a 1 percent gain for commercial planning. August is the fifth consecutive month that the momentum index has increased, marking the longest … Read more

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Construction Input Prices Dip in August

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WASHINGTON, D.C. – Both nonresidential construction input prices and overall input prices fell in August as energy prices retrenched, according to a recent analysis of the Bureau of Labor Statistics Producer Price Index released by Associated  Builders and Contractors. Nonresidential construction input prices were down 0.2 percent on a month-over-month basis and 1.7 percent on a year-over-year basis. “The fact that overall construction input prices have remained stable is more important in the current context than it might be normally,” said ABC Chief Economist Anirban Basu. “With industry labor costs now rising aggressively and the subcontracting community generally busy, falling … Read more

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History in the Making

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Historic renovation challenges, best practices and real-world takeaways By Todd Sachse and Steve Berlage A well-executed historic renovation can result in a masterpiece: a building with a blend of historical resonance and modern conveniences, where the preservation of architectural details and the original bones of the structure can help contribute to a memorable and defining sense of place. At a time when everything from residential towers to office space and from hotels to retail venues is looking for a way to stand out from the competition, a historic renovation makes it possible for the property owner to present something truly … Read more

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Mobile WorkStation Built for Durability, Enhanced Productivity

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Following the release of its 46” Steel Storage Chest and Cabinet, Milwaukee Tool continues to expand storage solutions with the addition of two new steel storage units – a 60” Mobile Work Station and a 30” Steel Storage Chest and Cabinet. Both new units are constructed of reinforced angle iron frame and 5-inch industrial casters for ultimate durability. Both units feature a power tool organizer to keep tools upright and a built-in power center for instant access to power.

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