ABC: Monthly Construction Input Prices Fall Sharply in December

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Construction input prices decreased 0.6% in December compared to the previous month, according to an Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices decreased 0.4% for the month. Overall construction input prices are 1.2% higher than a year ago, while nonresidential construction input prices are 1.6% higher. Prices decreased in two of the three energy subcategories last month. Crude petroleum input prices were down 13.2%, while unprocessed energy materials were down 9.1%. Natural gas prices rose 1.5% in December. “Construction input prices fell sharply in December,” said ABC Chief … Read more

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New Edition of Post-Tensioning Manual Represents Significant Overhaul from Predecessor

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The Post-Tensioning Institute has released the 7th Edition of the Post-Tensioning Manual. This publication, first introduced in 1972, has been a cornerstone in the industry, offering comprehensive insights into the design and construction of post-tensioned structures. Over the years, the manual it has evolved to keep pace with industry advancements and emerging practices. The latest edition represents a significant overhaul from its predecessor, the 6th Edition. Key highlights of the 7th Edition include updates aligned with current codes and the integration of innovative practices. In addition, four new chapters and one new appendix have been introduced to broaden the scope … Read more

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ABC: Nonresidential Construction Adds Nearly 12,000 Jobs in December

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The construction industry added 17,000 jobs on net in December, according to an Associated Builders and Contractors’ analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has grown by 197,000 jobs, an increase of 2.5%. Last month, nonresidential construction employment increased by 11,900 positions on net, with growth in two of the three subcategories. Nonresidential building added 8,100 positions, while nonresidential specialty trade added 4,300 jobs on net. Heavy and civil engineering lost 500 jobs. The construction unemployment rate fell to 4.4% in December. Unemployment across all industries remained unchanged at 3.7% … Read more

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Construction Industry Adds 17,000 Workers

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The construction sector added 17,000 employees in December and continued to raise wages at a faster clip than other industries, the Associated General Contractors of America reported in an analysis of government data released today. Association officials said the survey it released this week found contractors expect to hire more employees in 2024 but are struggling to find enough qualified workers. Construction employment in December totaled 8,056,000, seasonally adjusted, an increase of 17,000 from November. The sector has added 197,000 jobs during the past 12 months. That was a gain of 2.5%, which outpaced the 1.7% job growth in the overall economy. … Read more

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Big-D Midwest Begins Construction on The Landing at Amber Fields Apartments

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Big-D Midwest, a member of the Big-D Construction Family of Companies, recently broke ground on The Landing at Amber Fields Apartments, a 160-unit housing development in Rosemount, Minnesota. Coming in at just over 250,000 square feet, Amber Fields Apartments is part of the larger Amber Fields Development happening around this neighborhood that will feature new construction homes and future commercial space. Working alongside Real Estate Equities and Urbanworks Architecture, Big-D estimates that the project will be completed in late 2024. The affordable housing project includes a mix of one-, two- and three-bedroom units. Community amenities include a club room, fitness … Read more

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