ABC, AIA and NAHB Economists Predict Industry Growth Through 2017

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WASHINGTON, D.C. – Associated Builders and Contractors’ Chief Economist Anirban Basu, American Institute of Architects’ Chief Economist Kermit Baker and National Association of Home Builders’ Chief Economist Robert Dietz predicted continued growth for the construction industry in 2017 during a recent joint economic forecast. “Nonresidential construction spending growth will continue into the next year with an estimated increase in the range of 3 to 4 percent,” said Basu. “Growth will continue to be led by privately financed projects, with commercial construction continuing to lead the way. Energy-related construction will become less of a drag in 2017, while public spending will … Read more

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Nonresidential Construction Growth on Pace with Strong July Jobs Report

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WASHINGTON, D.C. – The U.S. construction industry has rebounded strongly, adding 14,000 net new jobs in July according to an analysis of Bureau of Labor Statistics data recently released by Associated Builders and Contractors. This gain comes after the construction sector lost a combined 27,000 jobs from April to June. The construction industry’s unemployment rate inched lower in July, shedding a tenth of a percentage point to reach 4.5 percent, the industry’s lowest unemployment rate since October 2006. The nonresidential sector accounted for a majority of July’s gains, adding 11,500 net new jobs. The residential sector remained stagnant for the … Read more

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BNBuilders Awarded Renovation at San Diego Hall of Justice

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SAN DIEGO, Calif. – BNBuilders has recently been awarded the County of San Diego’s Hall of Justice interior renovation contract. This is one of three recent San Diego County construction manager-at-risk contracts awarded to BNBuilders’ San Diego, California office. Located at 330 West Broadway in downtown San Diego, the project is immediately south of the new San Diego Central Courthouse, and connected to the new high-rise via a pedestrian bridge. BNBuilders was awarded preconstruction and construction services for the $2.7-million Hall of Justice project. BNBuilders will be renovating the fourth, fifth and sixth floors of the Hall of Justice to … Read more

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Construction Employment is Up 3.3 Percent for the Year

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Construction firms added 14,000 workers in July and construction industry pay rose at the fastest rate in seven years as contractors bid to attract workers, according to an analysis of new government data by the Associated General Contractors of America. Association officials added that tight labor market conditions have driven the construction sector’s wages up to 10 percent higher than the all-private sector average. “Several indicators show that there is still plenty of construction work available, but the shortage of experienced workers is growing ever more acute,” said Ken Simonson, the association’s chief economist. “With the number of unemployment workers … Read more

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Skanska Adds New Hires, Promotes Key Players

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NEW YORK, N.Y. – Skanska recently added several new hires and promoted key players—including two superintendents—to further build the firm’s skills in the data center construction and consulting marketplace. Greg Houle returns to Skanska as a New York-based project superintendent having previously worked for the company from 2010 to 2014. Houle has overseen new construction and retrofit data centers, as well as end-of-life equipment replacements in active data centers. He will play a key role in planning the method of procedures to ensure facilities never experience a single moment of down time when working in an active environment. Joe Hagne … Read more

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