construction Archives

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

(Rendering courtesy of McCarthy Buildings Companies)

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 employment
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

PHOTO BY: Risk Management | Monitor
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

108696481
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

PHOTO BY: Risk Management | Monitor
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 employment
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 →

Q&A: ABA’s Mark Minter wants more construction training

Mark Minter
by in AZRE Magazine | Construction

The last few years have been turbulent for the construction industry in Arizona. But helping to calm the seas has been Arizona Builders Alliance, which represents more than 270 member companies, including contractors and professional service firms, serving the needs of the commercial and industrial construction industry. And leading ABA through the industry’s roller-coaster ride… Read More →

McCarthy Building Companies promotes Abe Babcock

Abe Babcock
by in AZRE Magazine | Construction | Newsmakers

McCarthy Southwest, a division of McCarthy Building Companies Inc., recently promoted Abe Babcock to the role of project director. In this position, Babcock will focus on developing and leading the various internal and external teams on a solar construction project to ensure a successful, integrated approach throughout all phases of the project. Babcock previously served as… Read More →

McCarthy Building Companies’ Bo Calbert to retire

Bo Calbert
by in AZRE Magazine

McCarthy Building Companies‘ Southwest Division President Bo Calbert will be retiring at the end of the year. Calbert will be replaced by Justin Kelton starting at the beginning of 2017. Calbert, who has been with McCarthy for 35 years, has served as president of the Southwest Division since 2000 and will continue serving on McCarthy’s… Read More →

Report: Phoenix offices making biggest gains since 2006

Photo: eutoch / 123RF Stock Photo
by in AZRE Magazine | Office

A Cushman & Wakefield report showed the Metro Phoenix office market posted the largest midyear net gain since 2006, with just over 1 million square feet during second quarter 2016. At the 2016 midyear point, office vacancy in the Metro Phoenix office market stood at 18.0 percent, a 20-basis-point reduction from first quarter 2016, and an even more significant… Read More →

Nonresidential construction spending stalls in May

Bernards & Construction
by in AZRE Magazine | Construction

Nonresidential construction spending dipped 1.3 percent in May according to analysis of U.S. Census Bureau data released Friday by Associated Builders and Contractors (ABC). Nonresidential spending, which totaled $684.9 billion on a seasonally adjusted, annualized rate, has expanded 1.2 percent since May 2015. April’s nonresidential spending figure was revised upwards from $688.2 billion to $694.1 billion.… Read More →

Gardner Capital develops $18M senior housing community

Gardner Capital

Gardner Capital Development moves forward on plans to develop the El Caro Senior Residences in Phoenix after being awarded a reservation of Low Income Housing Tax Credits from the Arizona Department of Housing. The $18 million affordable senior housing project consists of 102 energy-efficient one- and two-bedroom apartments on 5-acres of land located at 19th… Read More →