Construction Materials Prices Rise for First Time in Six Months

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The largest monthly gain in petroleum prices in over three years caused construction materials prices to expand 0.4 percent in February, ending a six-month streak when prices failed to rise, according to the recent price index release by the Bureau of Labor Statistics. On a year-over-year basis, construction input prices fell 3.9 percent. Nonresidential construction input prices also rose 0.4 percent on a monthly basis and were down 4.9 percent on a yearly basis. “While conventional wisdom suggests that oil and natural gas prices will eventually rise, the adjustment period could be a lengthy one and although crude petroleum prices … Read more

Filed under: Economic News, News

Construction Employment Increases During Past Year, Reports AGC

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Construction firms added jobs in 43 states and the District of Columbia between January 2014 and January 2015 while construction employment increased in 31 between December and January, according to a recent analysis of Labor Department data by the Associated General Contractors of America. Association officials noted that further construction gains could be undermined if Congress and the administration fail to address infrastructure funding challenges growing regulatory burdens. “Most of the country experienced a welcome rebound in construction employment last year,” said Ken Simonson, the association’s chief economist. “Yet it is unclear how public sector demand and new regulatory requirements … Read more

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ABC Names 2015 Craft Professional, Craft Instructor of the Year Award Winners

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During the Careers in Construction Awards Ceremony March 6, ABC recognized Holley Thomas, a foreman for KBR, Houston, Texas, as its 2015 Craft Professional of the Year and Jonathan Sacks, transmission and distribution training manager for Cianbro, Pittsfield, Maine, as its 2015 Craft Instructor of the Year. The awards were presented during ABC's Workforce Conference in Ft. Lauderdale, Florida. Each year, ABC presents the Craft Professional of the Year and Craft Instructor of the Year awards to a construction craft professional and a construction instructor who excels in his or her field, maintains a lifelong commitment to training and upholds … Read more

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Gilbane Building Company Awarded Construction of The New Norton

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WEST PALM BEACH, Fla. — Gilbane Building Company has been selected by the Norton Museum of Art to manage the comprehensive expansion and renovation of its building and campus in downtown West Palm Beach, Florida. The signature project designed by Foster + Partners consists of the design and construction of an extension to the museum to accommodate increased gallery and exhibitions space, as well as provide more educational and program space and dramatically re-orient the museum entrance from the south to the west along the main thoroughfare of South Dixie Highway. Construction is anticipated to start in the summer of … Read more

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Level 10 Construction Builds New Lab for CS Bio

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SUNNYVALE, Calif. — Level 10 Construction recently completed several projects for CS Bio Company, Inc, including construction of a state-of-the-art cGMP laboratory, as well as the renovation of adjacent laboratory and office space in Menlo Park, California. The project is being built to LEED Gold-certification standards and was constructed within a phased 18-month timeline so that CS Bio could meet operational and budgetary objectives. The new 35,000-square-foot, three-story cGMP manufacturing facility, built to expand the company's existing biotech manufacturing capacity, is devoted to production of high-quality peptides for the life sciences community. It includes Class 1,000, 10,000 and 100,000 clean … Read more

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