construction Archives

3-building project breaks ground after 30 years

Davis Enterprises – Investments & Development is a family-owned business with many investments and redevelopment projects throughout the Valley, including a five-acre site that has been in the family portfolio for more than 30 years near the I-17 at 2005, 2015 and 2025 W. Deer Valley Rd. While the site has been occupied by different… Read More →

Construction Job Growth Surges in February, ABC Says

by in AZRE Magazine | Construction

National construction employment surged in February as the industry added 58,000 seasonally adjusted net new jobs, according to analysis of U.S. Bureau of Labor Statistics data released Friday by Associated Builders and Contractors (ABC). February’s data represents the best month for construction job creation since March 2007. Nonresidential construction added nearly two-thirds of net new construction… Read More →

Construction job growth rebounds in 2017

by in AZRE Magazine | Construction

National construction employment started 2017 on a high note, adding 36,000 net new jobs on a seasonally adjusted basis in January, according to analysis of U.S. Bureau of Labor Statistics data released today by the Associated Builders and Contractors (ABC). The 0.5 percent increase represents the best month for construction employment growth since March of… Read More →

ABC says construction lost jobs in December

construction
by in AZRE Magazine | Construction

National construction employment declined by 3,000 net jobs on a seasonally adjusted basis in December, according to analysis of  U.S. Bureau of Labor Statistics data released Friday by the Associated Builders and Contractors (ABC). The industry added 102,000 net new jobs on a year-over-year basis, the smallest increase in more than four years. Of the… Read More →

Construction unemployment rates improve in 38 states

Bernards & Construction
by in AZRE Magazine | Construction

November not seasonally adjusted (NSA) construction unemployment rates were down in 38 states and the nation on a year-over-year basis, according to analysis released Wednesday by Associated Builders and Contractors (ABC). The rates for two states, Kansas and Texas, were unchanged from November 2015. The national NSA construction unemployment rate of 5.7 percent was down… Read More →

ABC predicts modest growth for nonresidential construction

Bernards & Construction
by in AZRE Magazine | Construction

Associated Builders and Contractors (ABC) forecasts a slowdown of growth in the U.S. commercial and industrial construction industries in 2017, according to the association’s forecast for next year. While contractors are vulnerable to rising commodity prices and potential interest rate increases in 2017, the middling consumer-led recovery should still lead to modest growth in construction spending… Read More →

Construction job growth accelerates in November

Construction Materials
by in AZRE Magazine | Construction

The U.S. construction industry added 19,000 net new jobs in November and has now added jobs for three consecutive months, according to analysis of U.S. Bureau of Labor Statistics data released Friday by Associated Builders and Contractors (ABC). Industry employment is up by 2.4 percent on a year-over-year basis, considerably faster than the overall economy’s 1.6… Read More →

Construction unemployment rates improve in 33 states

Copper State Rubber
by in AZRE Magazine | Construction

October not seasonally adjusted (NSA) construction unemployment rates were down in 33 states and the nation on a year-over-year basis, according to analysis released Tuesday by Associated Builders and Contractors (ABC). The national NSA construction unemployment rate of 5.7 percent was down 0.5 percent from a year ago, according to data from the Bureau of Labor Statistics (BLS). Arizona… Read More →

ASU breaks ground on $120M Biodesign C Research Building

McCarthy Building Companies recently broke ground on the new $120 million Biodesign C Research Building, the third building in ASU’s Biodesign Institute complex at Arizona State University. The new research facility will include five stories plus a basement and will be located on ASU’s main campus in Tempe, Ariz., adjacent to the ASU Biodesign B building.… Read More →

Construction employment rebounds with strong September

construction
by in AZRE Magazine | Construction

The construction industry rebounded in a meaningful way in September by gaining 23,000 net new jobs on a monthly basis after losing 5,000 net jobs in August, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC). Despite the broader industry gains, the nonresidential sector added just 2,700… Read More →

Nonresidential construction spending slips in August

by in AZRE Magazine | Construction

Nonresidential construction spending fell for a second consecutive month in August, according to analysis of U.S. Census Bureau released today by Associated Builders and Contractors (ABC). Nonresidential spending totaled $686.6 billion on a seasonally adjusted, annualized basis for the month, 1.1 percent lower than July’s total of $694.1 billion (revised down from $701 billion) and… Read More →

Construction unemployment rates improve in 48 states

by in AZRE Magazine | Construction

August not seasonally adjusted (NSA) construction unemployment rates improved in 48 states and the nation on a year-over-year basis, according to analysis released today by Associated Builders and Contractors (ABC). The national NSA construction unemployment rate of 5.1 percent was 1 percent lower than a year ago, according to data from the Bureau of Labor Statistics (BLS), producing… Read More →

Construction backlog for contractors reaches a new peak

by in AZRE Magazine | Construction

Construction backlog for large contractors reached a new peak of 14.06 months during the second quarter of 2016 according to the Associated Builders and Contractors (ABC) Construction Backlog Indicator (CBI) released Tuesday. The new high for companies with annual revenue above $100 million shattered the previous high of 12.25 months for any revenue segment, which… Read More →

Construction input prices decrease in August

construction
by in AZRE Magazine | Construction

Both nonresidential construction input prices and overall input prices fell in August as energy prices retrenched, according to an analysis of the Bureau of Labor Statistics Producer Price Index released today by Associated Builders and Contractors (ABC). Nonresidential construction input prices were down 0.2 percent on a month-over-month basis and 1.7 percent on a year-over-year… Read More →