Construction Employment Increases in 2018 amid Strong Demand

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Construction employment grew in 273 out of 358 metro areas between December 2017 and December 2018, declined in 37 and was unchanged in 48, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said the job gains came amid strong demand throughout 2018 for construction projects but noted that tight labor market conditions likely prevented additional job gains last year. “Construction employment continued to expand in most parts of the country in 2018 as demand for many types of construction projects grew,” said Ken Simonson, the association’s chief economist. “As … Read more

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Walsh Construction Completes Renovation of CTA Garfield Green Line Station, Exceeds Hiring Goals

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One of Chicago, Illinois’ oldest transit stations has received a complete makeover via the Chicago Transit Authority, Walsh Construction and a diverse local workforce. Chicago Mayor Rahm Emanuel and CTA President Dorval Carter joined community members and project leaders to officially mark the completion of renovations at the Garfield Green Line Station in Chicago’s Washington Park neighborhood. The $25-million project rehabilitated and reconfigured the station, operation station house and the historic station house, which dates back to the Columbian Exposition of 1892. The station features elevator and escalator improvements, new cladding on the elevator towers, a tactile edge and canopy … Read more

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Construction Costs Increase as Markets Remain Active

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According to Turner Construction Company’s quarterly Building Cost Index, construction activity during the Fourth Quarter 2018 has remained at a high level across the United States. Turner Construction Company announced that the Fourth Quarter 2018 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—has increased to a value of 1120. This represents a 1.36 percent quarterly increase and 5.86 percent yearly increase from the Third Quarter 2018 and Fourth Quarter 2017, respectively. “For the Fourth Quarter, the escalation on raw and fabricated materials continue,” said Attilio Rivetti, the Turner vice president responsible for … Read more

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Ryan Companies to Develop New Project in Pullman Crossings

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Ryan Companies US Inc. will develop and build a 400,000-square-foot speculative industrial project in the historic Chicago, Illinois community as part of their master-planned Pullman Crossings business park. The new project is part of the more than 50-acre industrial park planned with Chicago Neighborhood Initiatives. Pullman Crossings is located on the largest undeveloped land site within 20 minutes of the Chicago Loop and is accessible to rail and toll-free interstates. Building specifications include 36-foot clear height, 56-foot bays, up to 120-dock positions with dedicated trailer parking and proposed Class 6b incentives. Construction will begin on the new speculative building in … Read more

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Dodge Momentum Index Recovers in January

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The Dodge Momentum Index rose 4.7 percent in January to 157.7 (2000=100) from the revised December reading of 150.6. The momentum index, issued by Dodge Data & Analytics, 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. January’s increase reflected similar gains for the two components of the momentum index – institutional building, up 5.0 percent; and commercial building, up 4.6 percent. The January increase essentially reverses December’s decline, and brings the overall momentum index back to November’s … Read more

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