ABC: Nonresidential Construction Spending Dips .1% in November, Flat Year Over Year

  • Posted on

National nonresidential construction spending declined .1% in November, according to an Associated Builders and Contractors’ analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.234 trillion. On a year-over-year basis, nonresidential construction spending is up 2.8%, approximately flat in inflation-adjusted terms. Spending was down on a monthly basis in 8 of the 16 nonresidential subcategories. Private nonresidential spending was unchanged, while public nonresidential construction spending was down 0.2% in November. “Contractor confidence surged post-election,” said ABC Chief Economist Anirban Basu. “Many contractors expect a combination of deregulation and tax cuts to … Read more

Filed under: Economic NewsTagged with: ,

DBIA Announces 2025 National Board of Directors

  • Posted on

Thomas J. Foley, P.E., CCM, DBIA, commissioner of the New York City Department of Design and Construction, has joined Design-Build Institute of America as chair of its 2025 National Board of Directors. Foley, who has overseen the ongoing successful implementation of a Design-Build program for New York City municipal construction projects, began his term Jan. 1, alongside a newly appointed slate of board leaders and two new board members. Joining Foley on the DBIA National Board of Directors Executive Team are: Vice chair: Virginia McAllister, RA, LEED, NCARB, NCIDQ, DBIA; chief executive officer, Iron Horse Architects Treasurer: Shannon Gustine, LEED … Read more

Filed under: NewsTagged with: ,

Construction Employment Increases In 41 States From November 2023 To November 2024

  • Posted on

Construction employment increased in 41 states and the District of Columbia in November from a year earlier, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said the industry needs a viable program of workforce authorizations to keep up with demand. “While job growth has been widespread over the past year, the more limited growth in the latest month may be a sign of the difficulty contractors face in finding qualified workers,” said Ken Simonson, the association’s chief economist. “More states would have added construction employees from October to November … Read more

Filed under: Economic NewsTagged with: ,

Sundt Foundation Awards $20K in Grants to Portland, Oregon Nonprofits

  • Posted on

The Sundt Foundation recently awarded $20,000 in grants to three local Portland, Oregon nonprofits: Project LEDO, Division Midway Alliance and Girls Build. Project LEDO received $5,000 to help bridge the digital divide by providing Title I students with hands-on computer-building and digital literacy training. This program empowers youth by equipping them with critical STEM skills that foster confidence, teamwork and problem-solving abilities — skills essential for future success in technology fields. By investing in students’ academic and career growth, Project LEDO contributes to long-term economic and community development in Portland’s underserved neighborhoods. Division Midway Alliance was awarded $5,000 to provide … Read more

Filed under: NewsTagged with:

Turner Reaches Milestone on $260M Seattle-Tacoma International Airport C Concourse Expansion

  • Posted on

Turner Construction Company has reached a milestone on the $260-million C concourse expansion at Seattle-Tacoma International Airport, completing the steel topping out and marking the end of vertical construction. The 226,000-square-foot, six-story renovation project, which adds four levels to the existing building, offers enhancements to the passenger experience. The upper floors will introduce expanded dining and retail options, additional seating and a 1,300-square-foot extension to the passenger waiting area. Key features include a rooftop photovoltaic array, a meditation room, a nursing room and two airfield observation decks. . As the first SEA project to implement the Port of Seattle’s Sustainable … Read more

Filed under: News, ProjectsTagged with: ,