Midyear Report Shows Construction Industry Stability, Strength in 2024

The U.S. construction industry has shown resilience despite global challenges and the industry is adjusting to new patterns of demand, indicating variations in growth. JLL’s new 2024 Midyear Construction Update and Reforecast details how the year has unfolded so far compared to original predictions, and reforecasts what is expected in the second half of 2024. Construction costs have stabilized in 2024 due to backlog-conscious contractors and improved material conditions. Though construction starts remain slow in some locations, and not all sectors are performing equally well, construction spending is up and some interest rate holdouts are moving on long-deferred projects. Regarding […]

Filed under: Economic News, eNewsTagged with: , ,

The Rosendin Foundation Inspires Future Builders with Nationwide Construction Camp

The Rosendin Foundation, the charitable arm of Rosendin, is addressing the nationwide construction workforce shortage with a free construction camp designed to ignite a passion for building and craftsmanship among young students. The camp allows middle schoolers to explore their interest in the skilled trades through hands-on activities such as soldering and lamp building. This summer’s camp season concluded after hosting events in Charlotte, North Carolina; Anaheim, California; Phoenix, Arizona; Sherman and Austin, Texas from May to July, with 107 graduates selected from more than 300 applicants. “The camp is not only about teaching construction skills, but also changing industry […]

Filed under: eNews, Industry NewsTagged with: , , ,

NFPA Survey Finds Increase in Use of Digital Tools Among Skilled Trades Workers

The National Fire Protection Association has released recent survey results, revealing insights into trends and attitudes around digital tools, training and development and AI implementation within the skilled trades industry. Skilled trade workers have mixed feelings about AI adoption within industry Twenty-five percent of respondents believe AI should be used to help skilled trade workers streamline tasks during ongoing labor shortages. In fact, 19% of respondents indicated that either themselves or their organizations have begun experimenting with AI-powered solutions to simplify menial tasks. Additionally, one-third (31%) of respondents believe AI can spur industry growth by making the trades more attractive […]

Filed under: eNews, Industry NewsTagged with: , ,

Gilbane Building Company Appoints Steven Carter as Director of Global Health and Safety 

Steven Carter was recently appointed director of global health and safety at Gilbane Building Company. With a steadfast commitment to fostering a culture of safety and well-being, Carter brings proven experience and a track record of safety excellence to his new role. “Steve is an outstanding safety leader and known for his commitment to creating high-performing safety cultures,” said Heidi DeBenedetti, chief operating officer, Gilbane Building Company. “Steve’s forward-thinking strategies in occupational health and safety will reinforce Gilbane’s strong safety commitment.” Carter is a recognized and proven leader in safety, health, environment and well-being. He has comprehensive experience working with […]

Filed under: eNews, Movers & ShakersTagged with: , ,

Joint Venture Celebrates Grand Opening of $2B Intuit Dome

Turner Construction Company, joint-venture partner AECOM Hunt and the Los Angeles Clippers, celebrated the grand opening of the $2-billion Intuit Dome located in Los Angeles, California. The first event in the arena was a sold-out Bruno Mars concert. The 17,700-seat venue holds five basketball courts including the homecourt of the NBA’s Clippers, a practice facility and has an outdoor plaza for gathering. The arena has several unique features: the world’s largest Halo Board is a double-sided 4K scoreboard with an acre-sized screen, and the “Wall” is a 4,500-person cheering section available to Clippers fans to engage in the game as […]

Filed under: eNews, ProjectsTagged with: , , ,