Dodge Momentum Index Inches Higher in July

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NEW YORK, N.Y. – The Dodge Momentum Index moved slightly higher in July, increasing 0.5 percent to 134.7 (2000=100) from its revised June reading of 134.1. 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. July’s modest rise follows a substantial increase in June, which saw the index climb 10.9 percent from the previous month. The index has now moved higher in four consecutive months, the first such string of increases since late 2014. July’s […]

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Hensel Phelps Moves Historic Structure in Washington, D.C.

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After months of detailed planning, the Hensel Phelps project team at the Columbia Place/Square 369 project site, located adjacent to the Washington Convention Center in the heart of the District of Columbia, geared up for an exciting start to the day — the relocation of the historic structure at 911 L Street. In the days before, the team, with the help of Wolfe House and Building Movers, prepared this historic three-story, 160-year-old Civil War-era townhome for relocation to its new site, flush with the historic Lurgan Building. In order to carry out the operation, the team first abated and demolished […]

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DPR Construction Opens New Reston Office Targeting Net Zero Energy

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WASHINGTON, D.C.  — DPR Construction’s Washington, D.C. area office has officially moved to its new Reston, Virginia, location. Designed by SmithGroupJJR, the build-out of the previously vacant 20,000-square-foot space has used unique techniques and design aspects to create a workplace of the future targeting not only LEED-CI v4.0 Platinum certification from the U.S. Green Building Council, but also Net-Zero Energy certification from the International Living Future Institute. By working closely with every partnering organization that had a hand in creating this space, the team was able to make data-driven decisions based on detailed cost analysis, payback studies and team member […]

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Construction Input Prices Stable in July

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WASHINGTON, D.C. – Nonresidential construction input prices were unchanged in July according to a recent analysis of the Bureau of Labor Statistics Producer Price Index released by Associated Builders and Contractors. Input prices for both the nonresidential construction segment and construction as a whole are 2.3 percent lower than they were a year ago. “ABC has been predicting relative stability in input prices, and that is precisely what July’s report delivered,” said ABC Chief Economist Anirban Basu. “A weak and disappointing global economy has not been able to drag prices higher. Persistently low prices have placed a lid on the […]

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Construction Employment Increases in June Year-Over-Year Amid Qualified Worker Shortage

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Construction employment increased in 228 out of 358 metro areas, was unchanged in 48 and declined in 82 between June 2015 and June 2016, according to a new analysis of federal employment data recently released by the Associated General Contractors of America. Association officials urged Congress to act on legislation to reform and increase federal funding for career and technical education to encourage more high school students to pursue high-paying careers in construction. “Contractors are adding employees in most parts of the country, while construction job losses are primarily in areas that are most affected by the steep decline in […]

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