Construction Input Prices Tick Higher in June, Crude Petroleum Prices Rebound

WASHINGTON, D.C. –Construction input prices rose .2 percent in June, according to an analysis of Bureau of Labor Statistics data released by Associated Builders and Contractors. This represents the sixth increase in construction input prices over the past seven months, but the overall rate of increase has been quite slow. On a year-over-year basis, construction input prices are up 2.6 percent. Nonresidential construction input prices also rose .2 percent in June and are up 2.3 percent on a year-ago basis. Much of the input price inflation in June was due to increased charges for crude petroleum, which registered a price … Read more

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Construction to Begin on Norfolk IKEA this Fall

NORFOLK, Va. — Swedish home furnishings store IKEA hopes to break ground on its new Hampton Roads location this fall. The company announced its plans to open the 331,000-square-foot Norfolk, Virginia store last year. The company had initially planned to begin construction as early as this spring, but ran into unexpected development issues. Because the land backs up to a reservoir, IKEA will build a parking facility and elevate the site for underground stormwater retention. IKEA has said the store is expected to support about 500 construction jobs, with 250 jobs in the store once it opens, which is scheduled … Read more

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SEAA Confirms President Elect, Board Members for 2017-2019

WINSTON-SALEM, N.C. –During its April Board of Directors Meeting, the Steel Erectors Association of America elected David Schulz of Schulz Iron Works Inc., Raleigh, North Carolina, as president elect. As an active member of the executive committee, he will take office as president in 2018. All other officers will complete their two-year term in 2018. They are: Sitting president: Josh Cilley, American Steel and Precast Erectors and Buckner Companies Vice president, associate: Carrie Gulajan, Construction Insurance Agency Inc. Treasurer: Geoff Kress, Gardner-Watson Decking Inc. Secretary: Chris Legnon, Cooper Steel Immediate past president: Steve Burkholder, S&R Enterprises LLC Board members confirmed … Read more

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Contractor Selected for Next Phase of Lake Nona Town Center

ORLANDO, Fla. – Tavistock Development company has selected Hoar Construction as the preconstruction program manager and master general contractor for the next phase of development of the Lake Nona Town Center, which will include a collection of more than one million square feet of retail, restaurant, entertainment, office and hospitality uses located in Orlando, Florida. Developed by Tavistock Development Company, with Steiner + Associates serving as the exclusive retail planning, leasing and development services partner, Hoar Construction plans to break ground on the next phase of construction in the fall with anticipated completion in 2020. Hoar Construction brings the experience … Read more

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