NEW YORK, N.Y. — Construction activities are expected to grow at 5 percent in 2015, leveling off from the previous forecast of 8 percent in Q1 2015, according to the Q2 Construction Outlook recently released by FMI Corporation. Although the prediction is significantly lower than last quarter, the outlook reports the highest total for construction put in place since 2008. “Construction spending continues to build on the rapid growth experienced in the industry last year,” said Chris Daum, senior managing director and president of Investment Banking at FMI Corporation. The report provides forecasts for 17 sectors across residential, non-residential … Read more
Architecture Billings Index Returns to Positive Territory
WASHINGTON, D.C. — Led by growing demand for new schools, hospitals, cultural facilities and municipal buildings, the Architecture Billings Index increased in May following its second monthly drop this year. As a leading economic indicator of construction activity, the ABI reflects the approximate 9-12-month lead time between architecture billings and construction spending. The American Institute of Architects reported the May ABI score was 51.9, up from a mark of 48.8 in April. This score reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 61.5, up from a reading … Read more
Construction Management Organization Recognizes Brasfield & Gorrie
BIRMINGHAM, Ala. — Brasfield & Gorrie has been recognized by the Construction Management Association of America South Atlantic Chapter. During an awards banquet in Atlanta, Georgia, the contractor earned a Project Achievement award in recognition of excellence in the construction of a new $20.3-million. 23,800-square-foot state-of-the art commercial data center for C Spire, a Mississippi-based telecommunications and technology services company. Despite nearly a month of weather delays, Brasfield & Gorrie completed construction of this Tier III+ data center—one of only 52 worldwide—in Starkville, Mississippi, five weeks early with the help of a stage-and-gate project delivery framework. In addition to the … Read more
MYCON General Contractors Completes $2.3M Renovation of Cinemark in Grand Prairie, Texas
McKINNEY, Texas — MYCON General Contractors has completed a $2.3-million renovation of the Cinemark movie theater located at 220 E. Westchester Parkway in Grand Prairie, Texas. The 43,059-square-foot renovation involved numerous, multifaceted challenges, including: Converting the traditional 15-sloped floor auditoriums to state-of-the-art electric recliners Renovating the corridors, restrooms, lobby, game room and back-of-house operations with improved finishes Creating an interior ticket office and concession area with new casework, high-end finishes and food service equipment Updating the façade to promote the new interior upgrades Installing a 60-foot electric signage tower visible to the adjacent freeway “The building remained open during this … Read more
Construction Firms Add 17,000 Jobs in May; Unemployed Workers Drops to 10-Year May Low
Construction firms added 17,000 jobs in May and 273,000 over 12 months, as the sector’s unemployment rate fell to 6.7 percent, the lowest May rate since 2006, according to an analysis by the Associated General Contractors of America. Association officials noted that the job gains come as the private and public sectors are increasing investments in construction services. “Construction employers continue to expand headcount as they adjust to growing demand for their services in many parts of the country,” said Ken Simonson, the association’s chief economist. “Right now the two most likely obstacles to the industry’s continued expansion are growing … Read more





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