Construction employment declined in 144 out of 358 metro areas between September 2014 and September 2015, while construction was stagnant in 55 and increased in 159 metro areas, according to a new analysis of federal employment data recently released by the Associated General Contractors of America. Association officials said many contractors are having a hard time finding qualified workers to fill available positions, which may account for the underwhelming employment figures. “It appears that many of these job losses have more to do with a lack of workers than they do a lack of work,” said Stephen E. Sandherr, the … Read more
Construction Employment Rises September 2015 Year-Over-Year
Construction employment expanded in 35 states and the District of Columbia between September 2014 and September 2015, yet only 23 states added jobs between August and September, according to an analysis of Labor Department data recently released by the Associated General Contractors of America. Association officials said the fact as many states lost construction jobs as added them last month was likely due to a combination of labor shortages and uncertainty about a host of federal investment programs. “Depending on the kind of work they perform, many contractors either can’t find enough workers, or they can’t find enough work,” said … Read more
Construction Unemployment Falls to Lowest September Mark in 15 Years
The number of unemployed workers with construction experience dropped to the lowest total for September since 2000, as hiring continued to slow despite robust demand for construction, according to a recent analysis by the Associated General Contractors of America. Association officials cautioned that the hiring slowdown most likely reflects a lack of available workers that could lead to project delays unless more students and workers join the construction sector. “Growth in the construction workforce has been slowing throughout 2015, just at the time that construction spending has accelerated to a multi-year high,” said Ken Simonson, the association’s chief economist. “Contractors … Read more
U.S. Construction Industry Jump Starts with Third Consecutive Month of Growth
PHOENIX, Ariz. — According to Rider Levett Bucknall, findings in its newly released Third Quarter 2015 USA Construction Cost Report, the U.S. construction industry continued to experience an upward trend last quarter, with three consecutive months of growth. The report also states cost escalation in Honolulu, Hawaii in the second quarter hit 2.76 percent (11 percent annualized) leading its construction costs to eclipse those of New York City and making it the most expensive city to build in the USA. Rider Levett Bucknall’s research indicates that national activity for construction put-in-place jumped by nearly 12 percent between the third quarter … Read more
Balfour Beatty Selected to Build New Mixed-Use Central Development
SILVER SPRING, Md. — Grosvenor Americas has selected Balfour Beatty Construction to build its new 231,000-square-foot, mixed-use “Central” development. Located in revitalized downtown Silver Spring, Maryland, the five-story development will be comprised of 243 residential units above 16,000 square feet of retail space and two levels of underground parking. <!—more—>Grosvenor’s Central development will serve as a cornerstone in the continued revitalization of downtown Silver Spring that has transformed the surrounding neighborhood into a thriving entertainment, retail and employment district in recent years. The Central project will further enhance the city’s growth, meeting the increased demand for mixed-use developments as … Read more