Boldt Launches Program to Focus on Mental Health

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Suicide is the leading cause of construction fatalities and suicide rates in the construction industry are four times the national average. According to studies by the Centers for Disease Control, suicide rates in the U.S. working population increased 34% from 2000-16 and is the leading cause of violent death for men in the construction industry. In response to these alarming statistics, The Boldt company implemented a suicide awareness and prevention program in 2021 using peer-to-peer “gatekeepers” to provide help and referrals for co-workers. Today, 88 trained gatekeepers are at jobsites and offices nationwide. They are clearly identified by purple stickers … Read more

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Nonresidential Construction Spending Down 1% in March

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National nonresidential construction spending was down 0.8% in March, according to an Associated Builders and Contractors’ analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $839.2 billion for the month. Spending was down on a monthly basis in 11 of 16 nonresidential subcategories. Private nonresidential spending was down 1.2%, while public nonresidential construction spending was down 0.3% in March. On a year-over-year basis, nonresidential construction spending is up 5.6%, led by 31.9% growth in construction related to manufacturing. “March’s construction spending numbers aren’t adjusted for inflation and are actually worse than … Read more

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April Consigli Market Update

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Consigli Construction has released its latest market update. The hopeful trend toward price stabilization and supply chain improvements in early 2022 is now complicated by new challenges. The war in Ukraine has reduced the supply of raw materials, port congestion from China to Los Angeles continues to delay shipments on all goods, while new COVID-19 variants have continued, leading to a forecasted overall escalation of 7-9%. The market report highlighted the following trends: ► Product Availability – Overall demand for materials will remain high with supply moderately low. A recent COVID-19 outbreak in China is slowing chip manufacturing due to … Read more

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Construction Cost Escalation Continues to be Fueled by Volatility in Material and Labor Markets

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Turner Construction Company’s First Quarter Building Cost Index—which measures costs in the non-residential building construction market in the United States—had increased to the value of 1255. This represents a 2.03% quarterly increase from the fourth quarter 2021 and a 7.08% yearly increase from the first quarter 2021. “Overall Supply Chain stability and the ‘return-to-normal’ state has not yet been established. Some key materials continue to be in short supply due to supply chain disruptions in manufacturing and computer chip shortages. Higher transportation costs are due to the rising price of gasoline and diesel fuels,” said Attilio Rivetti, the Turner vice … Read more

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PMB & The Springs Living Break Ground on a 360,000 SF | 12-Story Senior Living Facility on Vancouver Waterfront

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Construction has commenced at The Springs at The Waterfront in Vancouver, Washington. It was celebrated with a groundbreaking ceremony. The new, 12-story, 250-unit, 360,0000-square-foot community will be located at Block 18 as part of the master plan along the Columbia River. Designed as an optimum environment for the health and well-being of residents and staff, the community will pursue rigorous standards for LEED Silver certification which rates systems for the design, construction, operation, and maintenance of green buildings, as well as FitWel certification which uses evidence-based design and operational strategies to optimize occupant health. PMB joint-ventured with The Springs Living … Read more

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