ABC: Monthly Construction Input Prices Unchanged in June

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Construction input prices remained unchanged in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released. Nonresidential construction input prices were also unchanged for the month. Overall construction input prices are 4.9% lower than a year ago, while nonresidential construction input prices are 4.5% lower. Prices decreased in all three energy subcategories in June. Crude petroleum prices were down 5.9%, while natural gas prices fell 5.3%. Unprocessed energy materials prices decreased 5% for the month.

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LA’s Largest Development for Individuals Experiencing Homelessness Tops Out First Tower

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In a significant step toward addressing homelessness among Skid Row residents, a 19-story tower for the Weingart Center Association tops out construction. The structure, built by Emmerson Construction with Swinerton as the prime subcontractor, is one of two towers planned for the development by the Los Angeles, California-based nonprofit agency, which provides supportive services to individuals experiencing homelessness, and Chelsea Investment Corporation, one of the nation’s leading affordable housing developers. The occasion was commemorated with a visit from the city of Los Angeles’ Chief of Housing and Homelessness Solutions Mercedes Marquez, other dignitaries and teams from Swinerton, Emmerson Construction, Axis/GFA … Read more

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ABC’s Construction Backlog Indicator Steady in June

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Associated Builders and Contractors reported that its Construction Backlog Indicator remained unchanged at 8.9 months in June, according to an ABC member survey conducted June 20-July 5. The reading is unchanged from June 2022. View the historic Construction Backlog Indicator and Construction Confidence Index data series. Backlog in the infrastructure category increased for the third straight month and is now at the highest level in nearly two years. On a regional basis, the South remains the region with the highest backlog, despite being the only region in which backlog declined in June. ABC’s Construction Confidence Index reading for sales, profit margins … Read more

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BTEA Annual SAFEBUILD Forum Shines Light on Mental Health in Construction

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The Building Trades Employers Association, representing 1,200 union contractors in New York, recently held its annual SAFEBUILD national industry forum designed to promote worker safety and salute firms with best practices. Noting that the Centers for Disease Control cites construction workers as having one of the highest rates of suicides of any industry, BTEA leaders said going forward they would broaden their safety focus to include mental wellness and suicide prevention. Several discussion panels included safety and mental health experts, government officials and management and union representatives. President and CEO-elect Elizabeth Crowley said the BTEA would conduct a campaign this … Read more

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12-Story Office Building in West Palm Beach Tops Out

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Gilbane Building Company, Brand Atlantic Real Estate Partners, Wheelock Street Capital and teams of skilled builders and tradespeople celebrate the topping out of 300 Banyan in West Palm Beach, Florida. This marks the completion of vertical construction on the 12-story building, which is 115,000 square feet of Class A office space, a private outdoor terrace with breathtaking water views, an indoor/outdoor gym and a full-service restaurant and café on the ground floor. With an integrated parking garage offering 300 spaces, this structure is set to welcome its first tenants in 2024. Rising up to 12 stories, this tower has a … Read more

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