May Construction Unemployment Rates Down Year Over Year in 45 States, Says ABC

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WASHINGTON, D.C. – Estimated May construction unemployment rates fell in 45 states on a year-over-year basis, rose in four states and were unchanged in one state (Alabama), according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. The May 2018 not seasonally adjusted  national construction unemployment rate fell 0.9 percent from May 2017 to 4.4 percent, the lowest May rate on record. At the same time, the construction industry employed 291,000 more workers nationally than in May 2017. “May proved to be an excellent month for construction employment, despite the ongoing shortage of … Read more

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OSHA, International Safety Equipment Association Form Alliance to Protect Workers’ Safety & Health

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WASHINGTON, D.C. – The U.S. Department of Labor’s Occupational Safety and Health Administration and the International Safety Equipment Association signed an alliance to provide members, employers and employees with information on how to properly select, use, maintain and store personal protective and safety equipment. During the two-year agreement, participants will also share information on developments in national consensus standards for personal protective and safety equipment. ISEA is a non-profit trade association for protective equipment and technology that helps employees work safely in hazardous environments. The association has partnered with OSHA to share information on Agency campaigns, such as the National … Read more

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ABC’s Construction Confidence Index Surges in Q1

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WASHINGTON, D.C. – Despite ongoing concerns regarding labor force availability and rising interest rates, and emerging concerns regarding tariffs and construction materials prices, construction contractors emerged from the first quarter of 2018 with tremendous confidence, according to the Associated Builders and Contractors Construction Confidence Index. Each of the three indices—sales, profit margins and staffing levels—increased during the first quarter and remain well above the threshold reading of 50. The CCI for sales expectations increased from 67.1 to 72.2 during the first quarter of 2018 The CCI for profit margin expectations increased from 60.7 to 63.4 The CCI for staffing levels … Read more

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Brasfield & Gorrie Selected to Build Newest Addition to Toringdon Development

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CHARLOTTE, N.C. – Trinity Capital Advisors will begin construction of Toringdon 7 this month, the seventh and final office building in South Charlotte, North Carolina’s Toringdon Office Park. The eight-story, 198,195-square-foot building’s shell construction is scheduled for completion by summer 2019. Toringdon 7 features nearly column-free floorplans, floor-to-ceiling windows and a four-per-thousand parking ratio, along with unmatched visibility from I-485 and Community House Road. The general contractor is working on several projects in the area for Trinity Capital Advisors, including 2200 Perimeter Park, Perimeter Five, Perimeter Six and Syneos Health Headquarters.

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Construction Costs Soar in May, Outpace Contractor Pricing

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Construction costs accelerated again in May, with steep increases for a wide range of building and road materials, including many that are subject to tariffs that could drive prices still higher, according to an analysis by the Associated General Contractors of America of new Labor Department data. Association officials say that the construction industry will bear a heavy share of the tariffs’ costs. “Prices jumped at double-digit annual rates for metals, lumber and plywood, and diesel fuel, while ready-mixed concrete, asphalt paving and roofing materials also had unusually large increases,” said the association’s chief economist, Ken Simonson. “The cost of … Read more

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