Recovery for Construction Industry Projected to Result in Solid Increases in Spending Levels in 2015, 2016

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WASHINGTON, D.C. — The nonresidential building market was hamstrung by weather-related delays during the first part of the 2014, but conditions improved dramatically throughout the rest of the year to finish with greater than anticipated spending levels. The commercial construction sector is now looking at double-digit increases in 2015, led by vigorous levels of demand for hotels and office buildings. The American Institute of Architects" semi-annual Consensus Construction Forecast, a survey of the nation's leading construction forecasters, is projecting that spending will see a 7.7 percent increase in 2015, with next year's projection nudging up to 8.2 percent. “This is … Read more

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AGC Releases Construction Hiring and Business Outlook

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Construction firms added jobs in 40 states and the District of Columbia between December 2013 and December 2014 while construction employment increased in 38 states and D.C. between November and December, according to a recent analysis of Labor Department data by the Associated General Contractors of America. Association officials noted that construction employment gains are consistent with the general optimism most contractors expressed in the association’s Construction Hiring and Business Outlook. According to the outlook, 80 percent of contractors report they plan to add new construction jobs in 2015. In addition, more contractors expect demand for most construction market segments … Read more

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Turner School of Construction Management Begins in Greater Washington, D.C.

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WASHINGTON, D.C. — Turner Construction Company announces its largest program in the area to date. The 2015 Turner School of Construction Management will be hosted by the D.C. Small Business Development Center at Howard University. Turner developed an eight-week curriculum to provide management training and certification to potential subcontractors. Beginning on March 25 and running through May 13, the Turner School will provide educational opportunities to over 150 companies in the Greater Washington, D.C. area. Since 1969, the Turner School of Construction Management has strived to expand the opportunities available to growing businesses. Turner is partnering with the D.C. Small … Read more

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USACE Mobile District Honors Brasfield & Gorrie for Safety Excellence

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BIRMINGHAM, Ala. — Brasfield & Gorrie recently announced that the company has received a quarterly safety award from the Mobile District of the U.S. Army Corps of Engineers. Presented through the Mobile District’s Celebrate Safety initiative, the award recognizes Brasfield & Gorrie’s safety achievements on its NASA Test Stands construction project at Marshall Space Flight Center in Huntsville, Alabama. This project consists of construction of two large stands at Marshall Space Flight Center for testing the fuel tanks and other key hardware for NASA’s new Space Launch System. This award is the fourth USACE quarterly safety award Brasfield & Gorrie … Read more

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ELFA Releases Survey of Economic Activity

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WASHINGTON, D.C. — The Equipment Leasing and Finance Association's Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $903-billion equipment finance sector, showed their overall new business volume for December was $12.9 billion, up 20 percent from new business volume in December 2013. In a typical end-of-year spike, their new business volume was up 90 percent from November volume of $6.8 billion. Cumulative new business volume for 2014 rose 8 percent over 2013.   Receivables over 30 days were unchanged from the previous month and from the same period in 2013 … Read more

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