New Report on Construction Industry Shows Staffing Remains Top Concern

  • Posted on

An improving economy has construction companies growing more comfortable about their risk exposure, with respondents reporting in a newly released survey that their “risk sentiment” has dropped to 4.91 (on a scale of 1-10). In the latest “Sterling Seacrest Risk Sentiment Index of the Construction Industry,” most report profit margins slightly better than last year, but concerns about staffing remain their number one issue. When Sterling Seacrest launched its Risk Sentiment Index in 2015, the risk sentiment level was at a peak of 5.15. It dropped in 2015 and 2016 but jumped again between 2016 and 2017. Businesses were also … Read more

Filed under: Economic NewsTagged with: ,

Bruce Bacon Joins Sundt Construction as Preconstruction Manager

  • Posted on

Bruce Bacon recently joined Sundt Construction, Inc. as the preconstruction manager in its Transportation Group, Texas District. After earning his bachelor’s in construction management from Louisiana State University, Bacon began in the industry as an assistant superintendent and worked his way up to estimating manager. He brings over 30 years of experience in construction and has worked on many multimillion-dollar projects, totaling over $15 billion within the last ten years.

Filed under: Movers & ShakersTagged with: ,

Nonresidential Construction Continues to Add Jobs, Says ABC

  • Posted on

The construction industry added 10,000 net new jobs in October, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 148,000 jobs or 2%. Nonresidential construction employment increased by 4,000 jobs on net in October and is up 2.1% over the past year. On a monthly basis, however, both the nonresidential building and nonresidential specialty trade contractors segments lost jobs, which comports with the recent decline in investment in structures, according to the third quarter gross domestic product release. The construction unemployment rate … Read more

Filed under: Economic NewsTagged with: ,

Rider Levett Bucknall Releases Quarterly Cost Report for North America, Puts Construction Trends in Perspective

  • Posted on

International property and construction consultancy firm Rider Levett Bucknall has released its new quarterly cost report for North America. With data up to date to July 1 and featuring construction cost information for 14 U.S. and Canadian markets, the QCR provides a statistical view of the state of the construction industry, detailing indicative construction costs for eight building sectors. Upon publication of the QCR, Julian Anderson, FRICS, president of RLB North America, said, “While we expect that construction will face a downturn in the next year, this doesn’t necessarily mean that the construction industry is in trouble; it does mean … Read more

Filed under: Economic NewsTagged with: , , , ,

Jack Grove Joins JE Dunn Construction’s Savannah Office

  • Posted on

Senior Project Engineer Jack Grove has joined the Savannah, Georgia office of JE Dunn Construction, after relocating from Nashville, Tennessee, where he was part of the JE Dunn staff. Grove will continue serving as a senior project engineer, supporting general project management tasks including managing project buyout, budgeting/forecasting, materials procurement and owner and trade partner relationships. A five-year industry veteran, Grove’s project portfolio includes the Margaritaville Hotel Nashville, Pace Academy New Upper School in Atlanta, Thrive at Jones assisted living facility in Huntsville, Alabama and Innovation Center, a multi-tenant office building in Columbia, South Carolina. Grove holds a Bachelor of … Read more

Filed under: Movers & ShakersTagged with: ,