Projects Will Demonstrate Approaches for Improving Building Energy Use by up to 50 Percent
May 14, 2015
The U.S. Department of Energy (DOE) has announced nearly $6 million in funding to accelerate energy efficiency in offices, schools, stores, and other buildings to help businesses and communities save money, create jobs, and reduce pollution.
After its first negative score in 10 months, the Architecture Billings Index (ABI) showed a nominal increase in design activity in February, and has been positive 10 out of the past 12 months. A leading economic indicator of construction activity, the February ABI score was 50.4, up slightly from a mark of 49.9 in January.
Construction Added More Jobs Than All but One Sector of the Economy
February 9, 2015
The United States construction industry added 39,000 jobs in January, including 12,700 net new nonresidential jobs, according to a new preliminary estimate released by the Bureau of Labor Statistics (BLS).
Public Outlays Turn Positive, Adding to Strength in Private Segments
February 3, 2015
Construction spending rose in December 2014 to a six-year high of $982 billion as public construction for the year increased for the first time since 2009, according to an analysis of construction data by the Associated General Contractors of America (AGC).
Business Confidence Has Generally Been on the Rise
February 2, 2015
Real gross domestic product (GDP) expanded 2.6 percent (seasonally adjusted annual rate) during the fourth quarter of 2014, following a 5 percent increase in the third quarter, according to the Bureau of Economic Analysis. Investment in nonresidential structures increased 2.6 percent.
November Would Have Shown Growth Except for a Sizable Upward Revision to October’s Data
January 6, 2015
Nonresidential construction spending slipped 1 percent on a monthly basis in November, but still managed to expand 4 percent on a year-over-year basis according to the latest figures released by the U.S. Census Bureau. Spending for the month totaled $617 billion on a seasonally adjusted, annualized basis.
Rise in Backlog, Construction Employment, and Nonresidential Spending Expected
December 16, 2014
The Associated Builders and Contractors (ABC) forecasts a steady and ongoing economic recovery for the U.S. commercial and industrial construction industries in 2015. ABC said the reasonably brisk industry recovery in 2014 should continue in 2015.
Capital Resources Will Enable Construction Labor Contractors to Grow
July 9, 2014
Silver Oak Services Partners announced that it has led the recapitalization of Construction Labor Contractors (CLC), in partnership with the company’s founder and management. CLC is a leading provider of skilled trades temporary staffing for the commercial construction market.
FMI has announced the release of its 2013 second quarter Nonresidential Construction Index (NRCI) report. The NRCI score of 60.1 is a two point improvement over the first quarter and is the highest score for the index since its inception in the first quarter of 2009.