Construction Starts Increase 5% in November

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Total construction starts increased 5% in November to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Nonresidential building starts grew 2%, nonbuilding starts moved 16% higher, while residential building starts fell 1%. On a year-to-date basis through November, total construction starts were up 5% from the first 11 months of 2023. Nonresidential starts were up 4%, residential starts were up 7% and nonbuilding starts were up by 5%. For the 12 months ending November 2024, total construction starts were up 4% from the 12 months ending November 2023. Residential starts were up 7%, nonresidential starts … Read more

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Willmeng Completes Renovation of Gilbert Water Tower Plaza

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The Gilbert Water Tower Plaza in Arizona is coming to life once again, just in time for the holidays. The Town of Gilbert and Willmeng celebrated the reopening of the updated Water Tower Plaza with a public event and the ceremonial Lighting of the Water Tower on Dec. 16. This revitalized community space, located in the heart of the Heritage District, now boasts a range of new and improved amenities that will be enjoyed for years to come. Willmeng began work on the Water Tower Plaza renovation in January and wrapped up work on the 0.7-acre plaza in less than … Read more

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Construction Complete for $120M Long-Term Care Center for Cherokee Indian Hospital Authority

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Construction firm Robins & Morton completed a new $120 million, 131,000-square-foot long-term care facility for the Cherokee Indian Hospital Authority in Cherokee, North Carolina. The facility — called the Tsali Care Center — stands two stories and contains 120 private resident rooms. It is devoted to the care of the Eastern Band of Cherokee Indians and will feature skilled nursing, assisted living and memory care services, in addition to a dialysis center. To provide residents and visitors with ample outdoor space, the center has four courtyards, as well as a spacious Friends and Family Room and communal dining options. The … Read more

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McCarthy Named One of the Healthiest 100 Workplaces in America

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McCarthy Holdings, Inc. has once again been included in an organization named one of the 2024 Healthiest 100 Workplaces in America. The Heathiest 100 honors the “best of the best” in corporate health and wellness. McCarthy is comprised of McCarthy Building Companies, Inc. and Castle Contracting LLC. The Healthiest Workplaces award program recognizes people-first organizations that prioritize the well- being of their employee population. Companies were recognized because of their commitment to workplace wellness and their exceptional health and benefits offerings. Each company included on the Healthiest 100 list participated in the local Healthiest Employers application process. The categories, scoring … Read more

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Favorable Financing Creating Construction Tailwind as Labor Shortage Continues

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More favorable interest rates and materials prices are colliding with an ongoing labor shortage, bringing a mix of challenges and opportunities for construction project owners, according to DPR Construction’s latest Market Conditions Report. Labor shortages are a critical issue with 77% of contractors reporting increased difficulty in filling skilled craft positions compared to a year ago. While post-election economic policies are still being determined, lower interest rates and inflation are opening financing options for construction project owners. “Factors like interest rates and inflation will continue to play a significant role in determining financing options for construction projects,” said Matt Murphy, … Read more

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