Construction Costs Surge in April

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The cost of goods used in construction jumped in April at the fastest year-over-year rate since 2011, with ongoing increases for a wide range of building materials, including many that are subject to proposed tariffs that could drive prices still higher and cause scarcities, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials said that the new data indicates many firms are already being squeezed by higher materials prices that they are unable to pass along to their customers. “Contractors have started to boost the prices they charge, but they are falling … Read more

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Work Begins on New Atlanta Multifamily Tower AMLI Oak Valley

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ATLANTA, Ga. – JE Dunn Construction has begun work on AMLI Oak Valley, a multifamily community featuring a 24-story tower and a five-story mid-rise, which together will deliver 391 luxury apartments to Atlanta, Georgia’s Buckhead neighborhood. The AMLI Oak Valley project also includes a 255,000-square-foot, precast parking deck with 665 spaces. The 370,000-square-foot concrete tower will provide 307 apartments; the 95,000-square-foot wood, mid-rise building will have 84 apartments. The community will offer one-, two- and three-bedroom apartment homes with a variety of interior features including floor-to-ceiling windows and 10-foot ceilings, as well as outdoor and studio fitness facilities, clubrooms and … Read more

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New Construction Starts in April Pull Back 13 Percent

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NEW YORK, N.Y. – The value of new construction starts in April fell 13 percent from the previous month to a seasonally adjusted annual rate of $674.3 billion, according to Dodge Data & Analytics. The decline follows the 11 percent gain reported for March, which was the highest level of construction starts over the preceding six months. The loss of momentum in April was widespread, involving each of the three main construction sectors. Nonbuilding construction (public works and electric utilities/gas plants) plunged 22 percent after its 74 percent hike in March that featured the start of the $3.5-billion Mountain Valley … Read more

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Festool Adds New Accessories for CT Dust Extractors

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LEBANON, Ind. – Festool has added several new accessories for its CT Dust Extractor line including new extension pipes and Tradesman/Installer, Workshop, Compact and Universal cleaning sets. Most of the new accessories feature an anti-static design which prevents dust/particulate accumulation and static discharge. Festool’s entire CT Dust Extractor product line was recently updated with many models featuring Bluetooth capability for auto start when using cordless tools, remote start at the hose and new, smooth suction hoses. Many of Festool’s older CT models can be retrofitted with the new line of accessories, including Bluetooth modules and remote starters. For more information, … Read more

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Dodge Momentum Index Moves Higher in April

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NEW YORK, N.Y. – The Dodge Momentum Index jumped 6.1 percent in April to 163.0 (2000=100) from the revised March reading of 153.7. The momentum index 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. Both components of the momentum index moved higher in April, with the commercial component up 6.3 percent and the institutional component up 5.8 percent. Over the last two months the commercial portion of the index has posted the most aggressive growth, fueled by … Read more

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