ABC Provides Mid-Year Economic Outlook for Nonresidential Construction

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More than 10 years after the end of the most severe financial crisis since the Great Depression, the U.S. economy is again making history by continuing its longest-ever expansion. Nevertheless, emerging weakness in business investment has been hinting at softening outlays, giving commercial and industrial construction contractors cause for concern, according to a mid-year economic outlook by Anirban Basu, chief economist of Associated Builders and Contractors. “Given that every expansion in U.S. history has ended in recession, leaders of construction firms are rightly wondering when the record-setting expansion will end,” said Basu. “Looking at conditions on the ground, it likely … Read more

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Ed White Elevated to President at TDIndustries

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Ed White has been promoted to president at TDIndustries. In his new role, he will have oversight of Arizona, as well as three North Texas-based business units. He will also join TD’s Executive Leadership Team. White holds many business licenses including air conditioning, refrigeration, electrical, process piping and solar. He is a long-standing board member and past president for the Arizona Builders Alliance (a joint chapter for the Associated General Contractors of America and Associated Builders and Contractors) and has served on the American Society for Health Care Engineering, Design-Build Institute of America, as well as the advisory council for … Read more

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Construction Employment Increases in 40 States, D.C. from July 2018 to July 2019

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Forty states added construction jobs between July 2018 and July 2019, while construction employment increased in 25 states from June to July, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials said the new jobs totals indicate there is a need for new federal investments in career and technical education programs, along with immigration reform. “Demand for projects, and the workers to build them, shows no sign of letting up in most states, and contractors continue to increase headcount when they can find qualified workers,” stated chief economist Ken Simonson. “But job … Read more

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$3.6M Tenant Improvements Complete for County of Orange Probation Department

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Expanding its portfolio of work in the Los Angeles/Orange County area, BNBuilders recently completed tenant improvements for the County of Orange Probation Department, located in Laguna Hills, California. The $3.6-million project is one of the firm’s recent and upcoming projects in the region. For the County of Orange, BNBuilders completed tenant improvements to an existing 13,286-square-foot, one-story building on a 50,041-square-foot lot. The general contractor performed both design/preconstruction and construction services for the project. Preconstruction services included reviewing the construction documents and advising on alternatives for cost and time savings, ways to gain efficiencies and procurement of materials and subcontractors. The … Read more

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Construction Input Prices Rebound in July, Says ABC

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Construction input prices expanded 0.8% in July but are down 0.6% year-over-year, according to a recently released Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also increased 0.8% for the month but have declined 0.3% on a year-ago basis. Much of the year-over-year decline can be explained by plummeting energy prices, including crude petroleum (-20.3%), natural gas (-31%) and unprocessed energy materials (20.9%). The prices of softwood lumber (-19.5%) and iron and steel (-11.1%) are also down significantly since July 2018. “The decline in construction input prices over … Read more

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