Nonresidential Building and Electric Utilities Advance, Housing Recedes

  • Posted on

NEW YORK, N.Y. – New construction starts in June grew 4 percent from the previous month to a seasonally adjusted annual rate of $679.9 billion, according to Dodge Data & Analytics. Nonresidential building increased 13 percent in June, strengthening after two months of lackluster activity, and the nonbuilding construction sector rose 8 percent with the help of elevated activity for electric utilities. However, residential building slipped 4 percent in June, as both sides of the housing market (single-family and multifamily) retreated. Through the first six months of 2017, total construction starts on an unadjusted basis were $342.7 billion, down 4 … Read more

Filed under: Economic NewsTagged with: ,

Grand Opening Celebration Held for Affordable Housing Development

  • Posted on

SAN DIEGO, Calif. – Affirmed Housing recently celebrated the grand opening of Cypress. Located at 1435 Imperial Ave. in downtown San Diego, California, Cypress is a permanent supportive housing development serving homeless individuals with special needs. As a sustainable, transit-oriented development, the $20-million, eco-friendly project pairs the latest in urban design with affordability for those who need housing most: the homeless population in downtown San Diego. Cypress will provide 62 studio apartments for residents earning an average of 30-40 percent of the area median income. The project also has one, one-bedroom manager’s unit. Resident apartments range from 275 to 350 … Read more

Filed under: ProjectsTagged with: ,

Construction Employment Climbs Between June 2016, 2017

  • Posted on

Forty-one states added construction jobs between June 2016 and June 2017 amid continuing widespread demand for construction services, while 25 states and the District of Columbia added construction jobs between May and June, according to an analysis by the Associated General Contractors of America of Labor Department data recently released. Association officials said the smaller number of states adding workers in the latest month may indicate a shortage of qualified job seekers, rather than a slowdown in demand for construction. “Contractors in most of the country say they have plenty of projects booked and would like to hire more workers … Read more

Filed under: Economic NewsTagged with: , ,

Swinerton Breaks Ground at Osler Parking Structure at UC San Diego

  • Posted on

SAN DIEGO, Claif. – Swinerton has broken ground on the Osler Parking Structure at the University of California, San Diego. Working with Watry Design and Gensler, this 418,725-square-foot project is scheduled to complete in June 2018. This Design-Build collaboration aims to serve as gateway to the campus, with an onsite visitor center and an innovative design that blends in seamlessly into the natural landscape. This six-story parking structure project will have over 1,300 stalls, including ADA-parking stalls and electric vehicle parking stalls. The structure also contains space for facilities and maintenance, a bicycle enclosure, stair and elevator cores in three … Read more

Filed under: ProjectsTagged with: , ,

Turner’s Second Quarter Building Cost Index Reflects Busy Construction Market

  • Posted on

Turner Construction Company announced that the Second Quarter 2017 Turner Building Cost Index—which measures costs in the nonresidential building construction market in the United States—has increased to a value of 1031. This represents a 1.18 percent quarterly increase from the first quarter 2017 and a 4.88 percent yearly increase from the second quarter 2016. The second quarter has seen relatively consistent cost increases across the country, with raw material prices continuing to make moderate gains – particularly among aluminum materials. Engineered products have also seen moderate gains. Additionally, fuel costs have remained relatively flat, having little effect on costs. “The … Read more

Filed under: Economic NewsTagged with: ,