Associated Builders and Contractors reported that its Construction Backlog Indicator increased to 8.8 months in April, according to an member survey conducted from April 20 to May 4. The reading is up 0.9 months from April 2021. The index readings for sales and staffing levels declined in April, while the reading for profit margins moved higher. All three indices remain above the threshold of 50, indicating expectations of growth over the next six months.
Skanska has been contracted to build Virginia Tech’s new Undergraduate Science Laboratory Building. Located in Blacksburg, Virginia, the new $69.5-million, approximately 102,000-gross-square-foot building will provide critical teaching laboratory and general use classroom space to support Virginia Tech’s growing enrollment and Beyond Boundaries vision. The four-story building will house nearly 30 wet, dry and specialty laboratories designed to be flexible and adaptable to current and future instructional needs for the College of Science, College of Engineering, College of Natural Resources and Environment, and the College of Agriculture and Life Sciences. Graduate teaching assistant workspaces, classrooms, collaboration spots, offices, informal study areas, and … Read more
Construction employment edged up by 2,000 jobs between March and April as contractors try to find workers in an increasingly tight labor market, according to an analysis by the Associated General Contractors of America of new government data. Association leaders urged officials in Washington to address both short- and long-term worker shortages with expanded permits for foreign-born workers and support for career training and education to enable more workers to acquire the skills for high-paying construction careers. The unemployment rate among jobseekers with construction experience tumbled from 7.7% in April 2021 to 4.6% April 2022, the lowest April rate since … Read more
The Jacksonville Jaguars and Iguana Investments announced that PCL Construction has been named the construction manager for the Shipyards development project, including the Four Seasons Hotel Jacksonville, located in Florida, which is scheduled to break ground later this year along the St. Johns River. PCL’s Four Seasons experience includes the Four Seasons Resort Ko Olina, Four Seasons Resort Whistler, Four Seasons Hotel Toronto and the Four Seasons Resort Lanai. PCL’s team of knowledgeable hospitality experts have constructed and renovated some of Florida’s most iconic hotels and resorts, including The Ritz-Carlton – Amelia Island, The Ritz-Carlton — Naples, JW Marriott Bonnet … Read more
The construction industry added 2,000 jobs in April, but nonresidential construction employment decreased by 2,000 positions, according to an Associated Builders and Contractors analysis of data by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 235,000 jobs, an increase of 3.2%. All of the job losses in the nonresidential sector came from the nonresidential specialty trade segment, which lost 6,400 jobs. Nonresidential building and heavy and civil engineering added 3,900 and 500 jobs, respectively. The construction unemployment rate dropped to 4.6% in April. Unemployment across all industries remained unchanged at 3.6% last month. … Read more
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