Construction employment increased in 141 out of 337 metropolitan areas between February 2010 and February 2011, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said that the relatively positive figures were likely affected by significantly improved winter weather in February, combined with the benefits of ongoing stimulus and other temporary federal construction programs. “With nearly half of all U.S. metro areas finally adding construction jobs, these numbers are welcome news,” said Ken Simonson, the association's chief economist. “But warm winter weather probably played a larger role in driving these … Read more
"Build America Bonds" Program Generates $44-$50B in New Construction, AIA Says
AIA Calls for Renewal of Program to Spur Job Creations in Design and Construction Industry WASHINGTON, D.C. — The American Institute of Architects has called on Congress to renew in full the Build America Bonds program, in the wake of an AIA estimate that it generated between $44 to $50 billion in new construction activity and jobs in the last two years alone. By providing an attractive tax-credit bond to a wide range of investors, the program exceeded most expectations, and more than $180 billion in municipal debt was issued through the BABs program in 2009 and 2010. Under the … Read more
McCarthy Building Companies Begins Demolishing Former March Air Force Base Hospital
Demolition Marks Final Stages of Deconstruction, Makes Way for $3.3 billion March LifeCare Campus RIVERSIDE/MORENO VALLEY, Calif. — McCarthy Building Companies, Inc., one of the premier hospital builders in the U.S., has begun demolishing the former March Air Force Base (AFB) Hospital to make way for construction of a $3.3 billion, 200 acre medical, “health and wellness city” known as March LifeCare. A ceremony to mark the final stages of deconstruction at March AFB and kicking-off demolition of the 190,000 sq. ft., five-level military hospital tower was held on March 28. The event included speakers, a military fly-over, and a … Read more
Construction Employment Increases in 30 States between January and February
Construction employment increased in 30 states between January and February, while 19 states added construction jobs during the past 12 months, the Associated General Contractors of America reported in an analysis of state employment data released by the Labor Department. Association officials cautioned, however, that it was too early to tell whether the relatively positive report reflects improving economic conditions or the benefit of warmer weather much of the country experienced in February. “These are certainly some of the best state-by-state numbers the industry has seen in quite some time,” said Ken Simonson, the association's chief economist. “But it is … Read more
Plan to Revive Construction Industry Released By Trade Group
PHOENIX — The AGC of America released a new national plan detailing measures to stimulate demand for construction. Officials said the plan was needed to reverse construction employment declines that have taken place in 317 out of 337 metro areas since January 2007. “Our goal is to rebuild a devastated construction market that has left millions jobless, littered cities with incomplete projects and sapped much needed revenue, commerce and customers out of our economy,” said Stephen E. Sandherr, the association's chief executive officer. “Considering the scope and impact of construction job losses, the last thing any of us can afford … Read more