ABC Reports Construction Input Prices Plod Higher, Energy Prices Down

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WASHINGTON, D.C. — Construction input prices increased .3 percent in July and are up 3 percent on a year-over-year basis, according to an Associated Builders and Contractors analysis of data released by the Bureau of Labor Statistics. Nonresidential construction input prices were in line with overall industry dynamics, increasing 0.3 percent for the month and 2.7 percent for the year. Eight of 11 key construction input prices rose in July. Among the inputs experiencing declines in prices were crude petroleum (down 8 percent) and natural gas (down 7 percent). Natural gas prices have fallen during four of the past six … Read more

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Elecosoft Offers No-Cost Academic Licenses for Asta Powerproject

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DENVER, Colo. — When construction management students at Colorado State University students return to campus this semester, they’ll be preparing for a future in a competitive and ever-changing industry. Assistant professor Mary Nobe explains that today’s construction “training is ultimately about preparing students for a workforce that increasingly demands management track employees understand not just construction but also technology and its role in making informed decisions.” Nobe co-teaches a Construction Project Scheduling and Cost Control class (CON 461) that uses the same Asta Powerproject software used by more than 100,000 schedulers. The software evolved with the construction industry over the … Read more

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Ground Breaks for Harrah’s Cherokee Valley River Casino Entertainment Addition

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Harrah’s Cherokee Valley River Casino, construction/design teams and guests celebrated the official groundbreaking of the new bowling and entertainment center addition in in Murphy, North Carolina. The 38,000-square-foot Ultrastar Mutli-tainment Center at Harrah’s Cherokee Valley River Casino will bring a bowling center with 16 lanes and a 2,200-square-foot arcade to the Murphy area for family friendly activities. On the opposite side, the addition will also house the casino’s first full-service restaurant, with a nearly 260-seat capacity. Two bars will be included in the new construction, one to service the bowling center, the other near the restaurant to service both waiting … Read more

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Construction Input Prices Tick Higher in June, Crude Petroleum Prices Rebound

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WASHINGTON, D.C. –Construction input prices rose .2 percent in June, according to an analysis of Bureau of Labor Statistics data released by Associated Builders and Contractors. This represents the sixth increase in construction input prices over the past seven months, but the overall rate of increase has been quite slow. On a year-over-year basis, construction input prices are up 2.6 percent. Nonresidential construction input prices also rose .2 percent in June and are up 2.3 percent on a year-ago basis. Much of the input price inflation in June was due to increased charges for crude petroleum, which registered a price … Read more

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Construction to Begin on Norfolk IKEA this Fall

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NORFOLK, Va. — Swedish home furnishings store IKEA hopes to break ground on its new Hampton Roads location this fall. The company announced its plans to open the 331,000-square-foot Norfolk, Virginia store last year. The company had initially planned to begin construction as early as this spring, but ran into unexpected development issues. Because the land backs up to a reservoir, IKEA will build a parking facility and elevate the site for underground stormwater retention. IKEA has said the store is expected to support about 500 construction jobs, with 250 jobs in the store once it opens, which is scheduled … Read more

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