Construction Lost Jobs in December, Says ABC

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WASHINGTON, D.C.— National construction employment declined by 3,000 net jobs on a seasonally adjusted basis in December, according to analysis of  U.S. Bureau of Labor Statistics data recently released by the Associated Builders and Contractors. The industry added 102,000 net new jobs on a year-over-year basis, the smallest increase in more than four years. Of the five subsectors, only residential specialty trade contractors added jobs in December (11,700 net new jobs). Nonresidential construction lost 13,400 net jobs for the month, largely due to losses in heavy and civil engineering, which lost 8,900 jobs. These data are adjusted for seasonal variations, … Read more

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Construction Employment Dips in December

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Construction employment slipped by 3,000 jobs in December, while average hourly earnings accelerated, according to an analysis of new government data by the Associated General Contractors of America. Association officials noted that recent construction spending numbers and their own survey of members suggest demand for construction remains strong, suggesting that the lack of hiring may be due to a shortage of available workers. “This report presents mixed signals about the state of the construction industry,” said Ken Simonson, the association’s chief economist. “Although a dip in employment might normally be a sign of declining demand, in this case the industry … Read more

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Turner’s Fourth Quarter Building Cost Index Reflects Strong Market Conditions

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NEW YORK, N.Y. – Turner Construction Company’s Fourth Quarter 2016 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—has increased to a value of 1006. This represents a 1.11 percent quarterly increase from the Third Quarter 2016 and a 4.90 percent yearly increase from the Fourth Quarter 2015. The United States construction market continues to experience broad growth, with the West and Southeast regions seeing more significant gains, and the Northeast and Central regions seeing more moderate gains. Additionally, while raw material prices have remained flat, they have experienced an overall gain this … Read more

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Suffolk Selected as Construction Manager for GE’s New Boston HQ

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BOSTON, Mass. – Suffolk Construction Company has been selected by GE as construction manager for the development of it new global headquarters in Boston, Massachusetts. Suffolk will provide pre-construction services related to the development of the new 12-story building on the campus. In this first phase, Suffolk will work closely with the project architect, Gensler, on refining and completing the design. In addition, Suffolk will develop the project timing, sequencing, logistics and cost. Once complete, construction of the new 295,000-square-foot building will begin. The latest renderings of GE’s new campus can be found here.

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Brasfield & Gorrie Celebrates Construction Milestone at New Omni Hotel at The Battery Atlanta

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ATLANTA, Ga. – Brasfield & Gorrie recently celebrated a significant milestone in the construction of the new Omni Hotel at The Battery Atlanta in the mixed-used development adjacent to SunTrust Park in Cobb County, Georgia. A ceremony marked the topping out of the new hotel, signifying the completion of the structure’s top floor and the peak point of the project. Scheduled to open in early 2018, the Omni Hotel at The Battery Atlanta will be a full-service hotel with 16 floors and 264 guest rooms, including 28 suites. The hotel will also feature more than 4,000 square feet of meeting … Read more

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