Tag: financial

September 2, 2016

Construction spending in July was virtually even with the June level but rose 1.5% from the year-earlier total, as private-sector work increased and public-sector volume declined, the Commerce Dept. has reported. Commerce’s U.S. Census Bureau said on Sept. 1 that […]

August 18, 2016

There are several reasons for highlighting upcoming large projects. Such jobs have often received a fair amount of media coverage. Therefore, people in the industry are on the lookout for when job-site work actually gets underway. And, as showcase projects, […]

July 29, 2016

New construction starts in June decreased 7% from the previous month to a seasonally adjusted annual rate of $595.1 billion, according to Dodge Data & Analytics. The nonbuilding construction sector (public works and electric utilities) fell sharply after being lifted […]

July 20, 2016

The tables below showcase ConstructConnect’s U.S. regional nonresidential building and heavy engineering/civil construction starts. The latest (first half of 2016) year-to-date results are compared with the same period of last year. The percentage changes are shown in the right-hand columns. […]

July 20, 2016

The commission said it must still verify the financial aspects of the project, as well as how Seaport San Diego would pay for $150 million in infrastructure improvements rather than rely on port subsidies. If Protea and the port can […]

July 19, 2016

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. Year […]

July 15, 2016

The Portland, Ore., City Council approved a 1% construction excise tax. The tax is expected to raise $8 million a year to fund affordable housing initiatives. Both residential and commercial projects are subject to the tax. The Oregon Legislature repealed […]

July 13, 2016

The Momentum Index is a monthly measure of initial reports of nonresidential building projects in the planning stages, which usually lead nonresidential construction spending by one year. In June, 14 projects of more than $100 million in value, up more than […]

July 11, 2016

A Timetric Construction Intelligence Center (CIC) survey found that the majority of respondents believe building information modeling (BIM) is the “future of the industry,” with 49% already using BIM and another 10% planning to utilize the technology within a year. […]