McCarthy Completes Construction of National City Middle School Phase II

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SAN DIEGO, Calif. — McCarthy Building Companies, Inc. has completed construction of a new 19,880-square-foot classroom building, comprising phase two of National City Middle School, located on a two-acre site at 1701 D Avenue in National City, California. The $11,122,000 project was performed on behalf of the Sweetwater Union High School District, with Trent Carr serving as project manager for the district. LPA, Inc., served as the architect and interior designer. Construction began in June of 2013. The new two-story classroom building uses light gauge metal framing, structural steel and a SureBoard shear wall system. It encompasses 11 classrooms, an … Read more

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Equipment Leasing and Finance Association Releases Monthly Economic Index

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WASHINGTON, D.C. — The Equipment Leasing and Finance Association's Monthly Leasing and Finance Index (MLFI-25), 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 October was $8.3 billion, up 9 percent from new business volume in October 2013. Month over month, new business volume was down 12 percent from September. Year to date, cumulative new business volume increased 8 percent compared to 2013.   Receivables over 30 days increased from the previous month to 1.2 percent, and were up from 0.9 percent in the same … Read more

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Construction Employment Demand Remains Steady, Reports AGC

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Construction employment expanded in 228 metro areas, declined in 64 and was stagnant in 47 between October 2013 and October 2014, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said the construction job gains come as new federal figures show year-over-year growth in construction spending and many firms report impacts from growing shortages of qualified workers. “Even as a number of markets continue to struggle with declining construction demand and employment, most metro areas are adding construction jobs as the industry slowly recovers,” said Ken Simonson, chief economist for … Read more

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ABC Predicts Continued Construction Industry Growth in 2015

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WASHINGTON, D.C. — Associated Builders and Contractors forecasts a steady and ongoing economic recovery for the U.S. commercial and industrial construction industries in 2015. The reasonably brisk industry recovery in 2014 should continue in 2015, with momentum especially growing in segments closely related to the current American energy and industrial production resurgence. “ABC forecasts nonresidential construction spending will expand by roughly 7.5 percent next year,” said ABC Chief Economist Anirban Basu. “The segments that will experience the largest growth in construction spending in 2015 include power (e.g., natural gas-related construction), lodging (leisure and business spending), office space (professional services employment … Read more

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Equipment Leasing and Finance Industry Confidence at Six-Month High

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WASHINGTON, D.C. — The Equipment Leasing & Finance Foundation has released the November 2014 Monthly Confidence Index for the Equipment Finance Industry. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $903-billion equipment finance sector. Overall, confidence in the equipment finance market is 64.2, an increase from the October index of 60.4 and the highest level since May.   When asked about the outlook for the future, MCI-EFI survey respondent Valerie Hayes Jester, President, Brandywine Capital Associates, Inc., said, “The … Read more

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