Yerba Buena Engineering and Construction Wins Diverse Business of the Year Award

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San Francisco, California’s Yerba Buena Engineering and Construction was named as the first-ever Diverse Business of the Year award winner by the Associated General Contractors of America, association officials announced. The association also awarded Diversity and Inclusion Excellence awards to Auston Commercial, Bjork Construction, the Massachusetts Port Authority and the San Antonio Chapter of AGC. “These awards honor member firms and chapters that have established exceptional programs dedicated to expanding the diversity, and with it the strength, of the construction industry,” said Art Daniel, the association’s president and president and COO of AR Daniel Construction Services. “Launching these awards is … Read more

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Construction Employment Increases in 269 Metro Areas Between December 2016, 2017

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Construction employment increased in 269 out of 358 metro areas between December 2016 and December 2017, declined in 43 and stagnated in 46, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said new infrastructure funding would help ensure firms continue to expand their headcount in 2018. “Construction employment continues to expand amid robust private-sector demand in many parts of the country,” said Ken Simonson, the association’s chief economist. “But with public-sector funding lagging, there is little doubt that more firms would be able to expand their headcount this year … Read more

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Construction Employers Add 36K Jobs in January, Hourly Earnings Rise

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Construction employment increased by 36,000 jobs in January to the highest level since August 2008, according to an analysis of new government data by the Associated General Contractors of America. Association officials said a possible new measure being discussed in Washington that would invest an additional $1.5 trillion in repairing and improving infrastructure would both help the sector continue to add jobs and attract new workers. “The construction industry has consistently added workers at nearly double the rate of the overall economy,” said Ken Simonson, the association’s chief economist. “The outlook remains positive for further growth in the industry. But … Read more

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Construction Spending Rises for Fifth Month in a Row in December, Private Investment Climbs in 2017

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Construction spending increased for a fifth consecutive month in December as private residential and nonresidential investment for the year topped 2016 totals, while declining infrastructure spending dragged down public-sector outlays, according to an analysis of new government data by the Associated General Contractors of America. Association officials said federal, state and local officials should address the growing shortfall in transportation, water and wastewater infrastructure in order to sustain economic growth and improve public health and safety. “Construction spending ended the year on a high note, with gains over November levels for all major categories, but the annual totals for 2017 … Read more

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Nonresidential Construction Maintains Momentum in December, ABC Says

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WASHINGTON, D.C. – Nonresidential construction spending expanded 0.8 percent in December, totaling $720.4 billion on a seasonally adjusted basis, according to Associated Builders and Contractors’ analysis of data released by the U.S. Census Bureau. This represents the fifth consecutive month during which the pace of nonresidential spending has increased. Nonresidential spending expanded 0.1 percent on a year-over-year basis and sits at its highest level since March. Private nonresidential construction spending increased 1.1 percent for the month, but is down 2.5 percent year over year, while public nonresidential spending increased 0.4 percent for the month and 4.4 percent for the year. … Read more

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