Construction Sector Adds 26,000 Jobs in September

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Industry Unemployment Rate Drops to 13.3 Percent Construction employers added 26,000 jobs between August and September as the industry's unemployment rate dropped to 13.3 percent, according to an analysis of new federal employment data released by the Associated General Contractors of America. Association officials said the increase is the first significant change in construction-employment levels since February and reflects growing private sector demand for nonresidential construction projects. “These numbers give us a taste for how investing in construction activity can really boost overall employment figures,” said Stephen E. Sandherr, the association's chief executive officer. “However, the real question is whether … Read more

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FMI Releases Third Quarter 2011 Construction Outlook Report

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RALEIGH, N.C. — FMI, a provider of management consulting and investment banking to the engineering and construction industry, announces the release of the Construction Outlook: Third Quarter 2011 Report. Overall, in FMI's latest forecast for construction put in place calls for 2% growth in 2011 and 6% for 2012 to $886.2 billion in total construction. In today's economy that sounds like ambitious growth, but in constant 2006 dollars, that is only 3% growth for 2012 and a 1% drop in construction for 2011. To put it in perspective, in 2012 we will nearly return to 2003 levels of construction in … Read more

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Greenbuild: Growing Green Building Market Supports 661,000 Green Jobs in the U.S.

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TORONTO, Canada —Green jobs are now firmly established in the design and construction workforce, according to a new study released by McGraw-Hill Construction at the Greenbuild International Conference and Expo this week in Toronto. According to the study, 35 percent of architects, engineers and contractors (AEC) report having green jobs today, representing 661,000 jobs and one-third of the industry workforce. That share is expected to increase over the next three years, with 45 percent of all design and construction jobs being green by 2014. “Green jobs are already an important part of the construction labor workforce, and signs are that … Read more

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World of Concrete to Host "Crews that Rock" Competition

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Crews have always been a huge part of World of Concrete every year — and in 2012, WOC wants to show the world what great things these crews of the commercial construction/masonry industries have accomplished. WOC will host a “Crews that Rock!” competition sponsored by BASF. Crews will submit stories online along with images capturing projects completed in 2011. Projects can be a large mega-sized project, a small community-based endeavor, or a volunteer/humanitarian effort. These stories will be shared with WOC website visitors that will then vote for their favorite entries. The deadline for submissions is Nov. 14. For more … Read more

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Turner Building Cost Index Forecast Construction Cost to Increase Slightly in Third Quarter

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Turner Construction Company announced that the Third Quarter 2011 Turner Building Cost Index has slightly increased over the Second Quarter of 2011. The index measures costs in the nonresidential building construction market in the United States. The cost index of 814 reflects a 0.37 percent increase from the Second Quarter 2011 and 2.01 percent increase from the Third Quarter 2010. Karl F. Almstead, the Turner vice president responsible for the Turner Building Cost Index said, “Commodity and material prices have stabilized on decreasing global demand. Structural Steel and Reinforcing Bar prices are remaining stable for the near future. Although the … Read more

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