An anticipated decline in the value of nonresidential starts is pushing down ConstructConnect’s projection for growth in the value of 2017 year-over-year construction starts from 4.8% as of Q2 to 4.5%, per its Q3 2017 Construction Starts Forecast Report. Growth for the rest of 2017 will be driven by gains in residential (4.8%) and civil engineering (16.5%). Read more.
The Q3 2017 Forecast Quarterly Report of ConstructConnect (iSqFt, Construction Market Data, BidClerk, Construction Data source) has trimmed projected U.S. total construction starts growth for this year against 2016 from 4.8 percent to 4.5 percent, and the 2018 year-over-year gain from 6.0 percent to 5.9 percent. Read more.
ConstructConnect quarterly report shows courthouses and sports stadiums to end 2017 with a flourish Read more.
The value of June nonresidential construction fell 13.7% from May, according to ConstructConnect. The decline is a significant departure from the typical May-to-June bump of 4.5%. Read more.
June 2017 construction starts, excluding residential activity, fell -13.7% versus May 2017. Read more.
The value of May nonresidential construction increased 5% from April, rebounding from that month’s 7.2% decrease but falling short of the typical 8% April-to-May uptick, according to ConstructConnect. Read more.
For the U.S. as a whole, value of non-residential construction, including highways, airports and other public works projects should reach $281.77 billion in 2017, which is just a little more than 2016 spending of $281.75 billion. Read more.
Year-to-date construction starts through April are down slightly compared to the same period in 2016, according to ConstructConnect. Read more.
ConstructConnect said 2017’s weak performance thus far relative to 2016 leaves a window for increased government stimulus spending. Read more.
ConstructConnect announced today the release of its Q2 2017 Forecast Quarterly Report. The report sets out a year-over-year grand total 2017 starts change that has been eased back to +4.8% from the +7.4% figure that was estimated in Q1 of this year. Read more.
April saw a -7% drop in nonresidential construction starts despite the usual seasonal pattern of a 12% increase this time of year. Read more.
This year, AEC Cares joined forces with the Coalition for the Homeless of Central Florida to renovate its Center for Women and Families. Read more.
Alex Carrick, ConstructConnect Chief Economist, speaks with Sanjay Gangal of AEC Café and provides his thoughts on design and construction trends. Read more.
The American Institute of Architects’ advice to building-product manufacturers and material suppliers: Improve your websites, provide free, product-related continuing education to design firms and hone your expertise on your offerings to strengthen
your rapport with your customers. Read more.
ConstructConnect announced today that December’s level of U.S. construction starts, excluding residential activity, was $24.0 billion, an increase of 3.4% versus the dollar volume in the period before. Read more.
The value of December nonresidential construction starts rose by an unseasonal 3.4% to $24 billion, ignoring the typical November-to-December decline of 5% and recapturing a small piece of November’s 22% dive, according to ConstructConnect. Read more.
The value of nonresidential construction starts decreased 5.6%, not seasonally adjusted, year-over-year (y/y) from December 2015 to December 2016 but increased 6.8% for the full year, data provider ConstructConnect reported on Tuesday. Read more.
The value of October nonresidential construction starts increased 15.1% from September to $29.5 billion, a welcome departure from the standard 4% seasonal drop, according to ConstructConnect. Read more.
October’s level of U.S. construction starts, excluding residential work, was $29.5 billion, a surprisingly nice surge of 15.1% versus the level in the period before, according to ConstructConnect. Read more.
The 2016 Greenbuild International Conference & Expo wrapped up last week. In case you missed the show, we’ve rounded up some of the most notable observations and insights from speakers and expert attendees during the conference. Read more.
Over the course of the past year, as oil prices hovered near the $30.00 per barrel mark, cities that rely on the energy sector for their economies, including Houston, Dallas, Denver and Tulsa and Oklahoma City, Okla., experienced office vacancies
that spiked to double digits. Read more.
After a stellar 2015, investment sales volumes and construction in the medical sector are showing a healthy pace. Read more.
ConstructConnect’s forecasts total construction spending will be 3% lower than originally forecast for 2016 and nearly 2% lower than forecast for 2017. Read more.
“Population growth accounts for a great deal of construction work,” said Alex Carrick, chief economist for ConstructConnect, an organization of construction professionals. Read more.
Nearly a decade after the Great Recession stalled construction nationwide, the industry is roaring back: In 43 states, construction is now contributing more to the economy than it did in 2010, creating a demand for skilled workers and transforming
skylines from Boston to Oklahoma City. Read more.
The value of July nonresidential construction starts fell 5.4% from June to $33.6 billion, defying the usual 3.5% seasonal uptick, according to ConstructConnect. Read more.
Commercial developers have been busy in 2016. Construction starts saw a hearty boost this year, fueled by multifamily, office and lodging sectors. But analysts expect rates of new construction to taper off through 2020. Read more.
Seasonally adjusted construction employment rose in 39 states from May 2015 to May 2016 and declined in 11 states and the District of Columbia, an AGC analysis of Bureau of Labor Statistics data released last week showed. Read more.
In late May, general contractor Keith Jones watched as subcontractors erected the steel skeleton of a new Rite-Aid at the intersection of Victory and Eagle roads just east of Meridian’s city limits. Read more.
Year over year, total jobs in architectural and engineering services were up 2%, and, while construction employment was stagnant from May to June, ConstructConnect noted that year to date, the industry has seen a net job gain of 46,000. Read more.
Construction starts in the U.S., excluding residential work, rose 4.2 percent in June compared to May, according ConstructConnect chief economics Alex Carrick. Read more.
Assemble Systems, the leading provider of Construction Data Management solutions and iSqFt, the leader in online Bid Management for the construction industry, announced the release of their integrated 3D bid management platform. Read more.
Assemble Systems, the leading provider of Construction Data Management solutions and iSqFt, the leader in online Bid Management for the construction industry, announced a joint presence at the upcoming Estimation Technology for Construction Conference in San Francisco. Read more.
Fast-growing iSqFt combined with three other companies to form a new firm called ConstructConnect. Norwood-based iSqFt combined with BidClerk, Construction Data Co. and Construction Market Data to form ConstructConnect. Read more.
On May 18th the Athletic Recreation Center in Sharswood is getting an extreme makeover thanks to AEC Cares, a joint effort of CMD, AIA National and Hanley Wood Media and local partners AIA Philadelphia, the Community Design Collaborative, and Philadelphia Parks and Recreation. Read more.
Exclusive agreement offers unprecedented sharing of 3-D models between general contractors and subcontractors to reduce errors and time during bidding process. Read more.
The two fastest-growing software-as-a-service companies in the commercial construction segment have merged to create a 550-employee company based in Blue Ash. Read more.