Dodge Construction Network: Construction Starts Drop 7% in October

  • Posted on

Total construction starts fell 7% in October to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network. Nonbuilding and residential starts fell 32% and 1%, respectively. Conversely, nonresidential building starts gained 8% during the month. Year-to-date through October 2023, total construction starts were 4% below that of 2022. Residential and nonresidential starts were down 15% and 7%, respectively; however, nonbuilding starts were up 20%. For the 12 months ending October 2023, total construction starts were down 1%. Nonbuilding starts were 22% higher, and nonresidential building starts gained 1%. On a 12-month rolling basis, residential starts posted … Read more

Filed under: Economic NewsTagged with:

Construction Employment Rises In 40 States & D.C.

  • Posted on

Construction employment increased in 40 states and the District of Columbia in October from a year earlier, while 22 states added construction jobs from September to October, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said more states would likely have added construction jobs if the pool of available, qualified workers were larger. Between October 2022 and October 2023, 40 states and D.C. added construction jobs, while industry employment declined in eight states and held steady in Connecticut and Virginia. California added the most construction employees over the year (21,000 jobs … Read more

Filed under: Economic NewsTagged with:

ABC Construction Backlog Indicator Falls for Small Contractors, Increases for Large Contractors

  • Posted on

Associated Builders and Contractors reported that its Construction Backlog Indicator declined to 8.4 months in October from 9 months in September, according to an ABC member survey conducted Oct. 19-Nov. 2. The reading is down 0.4 months from October 2022. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for October. View the full Construction Backlog Indicator and Construction Confidence Index data series. Backlog now stands at its lowest level since the first quarter of 2022. Declines were concentrated among the smallest contractors, those with less than $30 million in annual revenues. All three other revenue categories experienced an … Read more

Filed under: Economic NewsTagged with: ,

Sundt Selected to Build Dominion Energy Darbytown Storage Pilot Project

  • Posted on

Sundt Construction’s Industrial Group was selected by Dominion Energy as the engineering, procurement and construction contractor for the Darbytown Storage Pilot project where Dominion Energy will be evaluating two different non-lithium battery storage technologies. The project will be at the existing Darbytown Power Station located in Richmond, Virginia. The project will have a total power output of approximately 9 megawatts. Sundt will provide turnkey project delivery, from detailed engineering through performance testing and turnover. The team will work closely with an engineering partner to prepare detailed design, procure equipment, including battery energy storage systems, and construct the project, including the … Read more

Filed under: ProjectsTagged with: ,

Gilbane Building Company Recognized with Design-Build Institute of America Awards

  • Posted on

Gilbane Building Company has earned top honors at the 2023 National Design-Build Institute of America Conference in National Harbor, Maryland. The company was the design-builder for the Washington Metropolitan Area Transit Authority’s new D.C. headquarters, which was selected for the 2023 Chair’s Award, and the owner’s representative for the California Department of General Services 1021 O Street State Office Building, which was selected for the 2023 Project of the Year award. Gilbane received national excellence awards for both projects in their respective categories, as well as special recognition for commitment to diversity, equity & inclusion and design for WMATA’s D.C. … Read more

Filed under: NewsTagged with: , ,