AGC Reports on Construction, Market Trends

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Construction employment declined in 160 out of 337 metropolitan areas between September 2011 and September 2012, increased in 125 and was stagnant in 52, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said that construction employment in many areas continued to decline as construction activity is put on hold amid uncertainty about federal tax and investment programs and declining public sector demand. “A lot of project owners appear to be taking a time out until Washington officials can set tax rates for next year and figure out what to … Read more

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FMI Predicts Construction-Put-In-Place Will Top $1 Trillion in 2014

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RALEIGH, N.C — FMI, a provider of management consulting and investment banking to the engineering and construction industry, announces the release of its 2013 U.S. Markets Construction Overview. With construction-put-in-place at the end of 2012 expected to be between $826-$884 billion, researchers at FMI predict CPIP growth rates to be slightly ahead of GDP in 2013 and 2014. This would place the CPIP at more than $1 trillion by the end of 2014, nearly six percent of GDP. Other predictions include : Power CPIP of nearly $100 billion, as well as environmental remediation and conservation work of nearly $7 billion are … Read more

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TCA Announces Safety Award Winners

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The Tilt-Up Concrete Association has announced the winners for the seventh annual safety awards.   Developed to enhance the TCA's overall mission to improve the industry through recognition and education, this program emphasizes the safety commitment and achievement throughout the membership. The winners of the 2012 Alphonse J. Engelman Safety Awards were recognized during TCA's Annual Convention on Oct. 2 in Amelia Island, Fla. This year's winners included a variety of industry contractors: Best Tilt-Up Safety Achievement Award/General Contractors: Bob Moore Construction, Inc., Panatonni Construction, Inc., Haskell Company Best Tilt-Up Safety Achievement Award/Tilt-Up Contractors: SiteCast Construction Corp., Citadel Contractors, Inc., … Read more

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Mortenson Construction Opens Office in Portland

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PORTLAND, Ore. — Mortenson Construction has opened a new office in Portland, Ore. With several projects currently underway in Oregon, the office will be instrumental in helping to better serve its local customer needs. “Solidifying our presence in Oregon with this new office not only enables us to better support our customers, but it strengthens our commitment to furthering economic development in Portland and beyond,” says Jim Yowan, vice president, Mortenson Construction. The new office will be led by general manager Jeff Madden. As an industry veteran, he has worked with Mortenson for 16 years. His construction experience includes the … Read more

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AIA Releases September Architecture Billings Index

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WASHINGTON, D.C. — Billings at architecture firms in September increased at their fastest pace since late 2010. As a leading economic indicator of construction activity, the Architecture Billings Index reflects the approximate nine to 12-month lag time between architecture billings and construction spending. The American Institute of Architects reported the September ABI score was 51.6, up from the mark of 50.2 in August. This score reflects an increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 57.3, compared to a mark of 57.2 the previous month. “Going back … Read more

Filed under: Economic News, News, Organizations