Nonresidential Building Spending to Grow through 2019, Cautious Outlook for 2020

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WASHINGTON, D.C. – Nonresidential construction spending on buildings is projected to grow by 4.4 percent through 2019, according to a new consensus forecast from The American Institute of Architects. Healthy gains in the industrial and institutional building sectors have bolstered growth projections for 2019; however, the AIA Consensus Construction Forecast Panel—consisting of leading economic forecasters—is suggesting that a broader economic downturn may be materializing over the next 12-24 months. Learn more about this Consensus Construction Forecast online. “Though the economy has been performing very well recently, trends in business confidence scores are red flags that suggest a slowdown is likely … Read more

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New Construction Starts in December Decline 10%

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NEW YORK, N.Y. – New construction starts in December fell 10 percent to a seasonally adjusted annual rate of $708.9 billion, continuing to retreat after November’s 7 percent slide, according to Dodge Data & Analytics. The December downturn reflected diminished activity for each of the three main construction sectors. Nonresidential building dropped 14 percent, as its commercial building segment lost momentum following its heightened November amount. Residential building pulled back 8 percent, due to reduced activity in December for both single-family and multifamily housing. Nonbuilding construction decreased 9 percent, with a steep plunge by the electric utility/gas plant category that … Read more

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Construction Employment Increases in December 2018 in 43 States, D.C.

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Forty-three states and the District of Columbia added construction jobs between December 2017 and December 2018, while 36 states added construction jobs between November and December, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials cautioned that growing labor shortages and trade disputes were leading to higher construction costs. “The construction industry ended 2018 in good shape in nearly all parts of the country, and contractors are optimistic about the volume of work available in 2019,” stated chief economist Ken Simonson. “But finding workers to execute those projects is likely to be … Read more

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Haselden Construction Breaks Ground on Holy Family High School

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Haselden Construction recently broke ground on the expansion of Holy Family High School in Broomfield, Colorado. The 34,000-square-foot expansion will include eight new classrooms, a fitness center and auxiliary gym with expanded locker rooms and an enlarged cafeteria, allowing the school to grow from 690 students to 800 students. The expansion, expected to be completed in time for the 2019-2020 school year, will allow Holy Family to deepen its science, technology, engineering and math curriculum as well as offer robotics courses. The new gymnasium and fitness center will enable students and sports teams to practice during school hours, rather than … Read more

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BNBuilders Completes Major Renovation, Awarded New Project at UC San Diego’s ‘Torrey Pines Center South’ Building

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Building on its outstanding relationship with University of California San Diego, BNBuilders recently completed a significant renovation of the third floor of the University’s Torrey Pines Center South building, and was recently awarded an additional TI on the second floor. Renovations to the building, located between Torrey Pines Glider Port and Torrey Pines South Golf Course, were designed by The Miller Hull Partnership. The TPCS Third Floor Tenant Improvement encompassed a 45,000-square-foot space that now houses the campus’ IT Department.  his was the first major renovation to the building since it was constructed in 1986. The third floor’s expansive views … Read more

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