Hurricane Recovery Helps Construction Unemployment Rate Hit Lowest October Mark on Record

WASHINGTON, D.C. – The not seasonally adjusted national construction unemployment rate was 4.5 percent in October, down 1.2 percent from a year ago, the U.S. Bureau of Labor Statistics reported. It was the lowest October rate on record, matching the rate in 2006, according to analysis released today by Associated Builders and Contractors. Further, the construction industry employed 180,000 more workers than in October 2016. Construction unemployment rates were also down in 44 states on a year-over-year basis, unchanged in one (South Dakota) and up in five states. “Recovery from the various hurricanes that hit the United States appeared to … Read more

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Gilbane Project Awarded Design-Build Project/Team Merit Award for Mule Creek Project

SAN JOSE, Calif. – Gilbane Building Company has been awarded the DBIA 2017 Design-Build Project/Team Merit Award for the Mule Creek Infill Complex Project located in Ione, California. The project was the winner in the Federal/State/County/Municipal category and was honored at this year’s DBIA National Conference and Expo. The 2017 Design-Build Project/Team Awards showcase Design-Build best practices and celebrate the achievements of owners and Design-Build teams in ten categories across the spectrum of horizontal and vertical construction. “Gilbane, in association with Kitchell, was instrumental in working with Hensel Phelps and numerous other project team members in completing this $330-million project … Read more

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Dodge Momentum Index Recovers in October

NEW YORK, N. Y. – The Dodge Momentum Index rose in October, climbing 13.2 percent to 130.9 (2000=100) from the revised September reading of 115.6. The momentum index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The move higher in October nearly reversed the erosion of the past four months (including September’s 7.9 percent decline), with October posting healthy gains in both sectors. From September to October the commercial portion of the momentum index advanced 16.8 percent, … Read more

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3 Mega Projects Propel ConstructConnect’s September Starts Higher by Nearly One-Third

ConstructConnect recently announced that September’s volume of construction starts, excluding residential activity, was $42.8 billion. The month-to-month percentage change versus August was an outsized +31.5 percent (or plus nearly one-third). The big improvement in the latest period was thanks to go-aheads for three mega projects combining for a total of $17 billion. The three extraordinary projects were an Exxon Mobil petrochemical plant in Texas ($10 billion categorized as industrial); the new Delta Airlines Terminal at LaGuardia Airport in New York ($4 billion categorized as civil/engineering) and the Atlantic Sunrise natural gas pipeline in Pennsylvania ($3 billion, also in the civil/engineering … Read more

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