New Construction Market

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Associated Builders and Contractors (ABC) forecasts a continued steady economic recovery for the U.S. commercial and industrial construction industries in 2016. Despite a weak global economy, the industry’s solid economic recovery in 2015 should continue in 2016, led by strong consumer spending.

The global HVAC market is forecast to grow steadily at a compound annual growth rate (CAGR) of 7 percent from 2016 to 2020, according to a new report available from ReportsnReports. Rapid growth in the construction and real estate markets worldwide is having a positive impact on the HVAC market.

A new report, “Global Construction 2030,” forecasts that the volume of construction output will grow by 85 percent to $15.5 trillion worldwide by 2030, with three countries — China, the U.S., and India — leading the way and accounting for 57 percent of all global growth.

Markets in 79 of the approximately 360 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the third quarter of 2015, according to the latest National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI).

A new, national program from Carrier and Orca Energy, a leading geothermal utility provider, is designed to makes geothermal heating and cooling more accessible in new construction homes. Orca Energy will provide financing for geothermal earth loops in new residential developments with the purchase of a Carrier geothermal system.

Harris Companies, a leading national mechanical contractor with several locations across the country, has announced the appointment of Michel Michno as the company’s new president of construction. Michno has more than 30 years of construction industry experience.

Kenneth Goodrich, CEO of US Peach LLC, a provider of HVAC and plumbing services under multiple brands, has announced the turnaround and sale of one of its portfolio companies, Phoenix-based Sonoran Air, to Mauro Calderon.

The Millennium Tower, a luxurious condo-and-retailer tower in Boston, will incorporate Schöck Isokorb® structural thermal breaks in the terraces at the penthouse levels to ensure thermal comfort in the city’s tallest and most expensive residential building. 

The U.S. Department of Energy’s (DOE’s) Building Technologies Office has released a request for information seeking stakeholder input on the design and construction of tenant spaces that achieve high levels of energy efficiency in commercial buildings.

Paced by continued demand for projects such as new education and health care facilities, public safety, and government buildings, the Architecture Billings Index (ABI) increased in June following fluctuations earlier this year.