construction Archives

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 →

Arizona Polymer Flooring building HQ in Phoenix

Arizona Polymer Flooring Headquarters (Photo courtesy of Sun State Builders)

Sun State Builders broke ground Wednesday at the site of Arizona Polymer Flooring’s new corporate headquarters in Phoenix. It marks the third small to medium sized industrial facility in the 50,000 square feet range that Sun State Builders has been contracted for in the Business Park in the last six months. The new 50,000 square-foot concrete tilt… Read More →

Construction material prices rise again in May

Construction employment
by in AZRE Magazine | Construction

Construction input prices expanded by 0.7 percent in May and have now expanded for three consecutive months according to an analysis of the Bureau of Labor Statistics Producer Price Index released Wednesday by Associated Builders and Contractors (ABC). The rise follows eight consecutive months during which construction input prices fell; prices remain 3.4 percent below their… Read More →

Construction job losses hit two-year high

construction industry
by in AZRE Magazine | Construction

The construction industry lost 15,000 net jobs nationally in May, according to an analysis of Friday’s Bureau of Labor Statistics report by Associated Builders and Contractors (ABC). The report shows the loss is the industry’s worst since December 2013. April’s estimate had been revised downward from 1,000 net new jobs to a loss of 5,000… Read More →

Nonresidential construction spending drops in April

Construction employment
by in AZRE Magazine | Construction

Nonresidential construction spending fell 2.1 percent in April according to analysis of  U.S. Census Bureau data released Wednesday by Associated Builders and Contractors (ABC). Nonresidential spending totaled $688.2 billion on a seasonally adjusted, annualized rate. Much like last month, the sting of a disappointing headline number was mitigated by upward revisions to the previous two months… Read More →

April construction unemployment rates improve

Construction Employment
by in AZRE Magazine | Construction

Construction employment rates improved in 44 states and the nation in April on a year-over-year basis, according to analysis of Bureau of Labor Statistics (BLS) data released Wednesday by Associated Builders and Contractors. The not seasonally adjusted (NSA) construction unemployment rate of 6 percent was a 1.5 percent drop from April 2015, continuing a streak of consecutive… Read More →

Report: March construction starts see increase

Arizona leads nation in Construction Employment
by in AZRE Magazine | Construction

Dodge Data & Analytics reported on March construction starts in the metropolitan statistical area of Phoenix-Mesa-Scottsdale, consisting of Maricopa and Pinal counties. According to Dodge Data & Analytics, the latest month’s construction activity followed this pattern: According to the Dodge’s data, construction spending in 2016 on nonresidential properties totaled $158,064,000, a four percent increase from 2015’s… Read More →