Shovel-Ready: U.S., Canada Construction Uptick Predicted for 2017

Shovel-Ready: U.S., Canada Construction Uptick Predicted for 2017

30/01/17

After a sluggish year with just 1 percent growth, backhoes and bulldozers should be busier in 2017 with 5 percent growth in construction starts, for a total volume of $713 billion. That is the prediction from industry leader Dodge Data & Analytics, presented at the group’s annual conference held recently at National Harbor in Oxon […]

Leading economists predict construction industry growth through 2017

Leading economists predict construction industry growth through 2017

30/01/17

Associated Builders and Contractors (ABC) Chief Economist Anirban Basu, American Institute of Architects (AIA) Chief Economist Kermit Baker and National Association of Home Builders (NAHB) Chief Economist Robert Dietz predicted continued growth for the construction industry in 2017 during a joint economic forecast this week (download the PDF slidedeck; watch the archived presentation). Each economist […]

Trump market impact prompts surge in optimism for U.S. engineering firm leaders

Trump market impact prompts surge in optimism for U.S. engineering firm leaders

30/01/17

The Trump Administration’s plans for infrastructure investment, regulatory reform, and tax relief have ignited a burst of enthusiasm among U.S. engineering firm leaders, propelling the American Council of Engineering Companies’ Engineering Business Index (EBI) to its largest ever quarterly increase. The 4th Quarter 2016 (Q4/2016) EBI surged 5.1 points to 66.5, up from the 61.4 […]

73% of construction firms plan to expand their payrolls in 2017

73% of construction firms plan to expand their payrolls in 2017

30/01/17

Survey results released by the Associated General Contractors of America and Sage Construction and Real Estate show 73% of the nearly 1,300 construction firms polled plan to expand their payrolls in 2017. Most firms will only see modest expansions, though, as 66% reported their planned hiring will increase total headcount between 1% and 25%. 6% […]

Washington, Oregon Have Strong Construction Employment Gains

Washington, Oregon Have Strong Construction Employment Gains

30/01/17

Washington and Oregon both experienced solid monthly employment growth in the construction industry in both October and November, according to seasonally-adjusted numbers from the Associated General Contractors of America. The states were two of only 23 states and Washington, D.C. that added construction jobs between September and October. They joined 27 other states and Washington, […]

Seattle’s record apartment boom is ready to explode; what it means for rents

Seattle’s record apartment boom is ready to explode; what it means for rents

30/01/17

The apartment boom in Seattle has already reached historic heights — more units opened in each of the past four years than ever before. Now, the real boom is about to begin. Seattle is set to see almost 10,000 new market-rate apartments open in 2017, nearly twice as many as in any other year in […]

For thousands, light rail could be the only way through downtown Seattle next year

For thousands, light rail could be the only way through downtown Seattle next year

30/01/17

Seattle is on a collision course between construction and transportation by fall 2018, when a pair of major projects will push buses out of the downtown transit tunnel. Streets on the surface are considered too full to add traffic, and an additional 10,000 housing units and 11 million square feet of offices are already being […]

Seattle issues request for proposals for KeyArena redevelopment

Seattle issues request for proposals for KeyArena redevelopment

30/01/17

Dive Brief: Seattle has issued a request for proposals for the redevelopment of the aging KeyArena at Seattle Center, according to the Seattle Times. The city has indicated that the new facility could host either an NBA or NHL team, and potential developers must secure their own construction financing and agree to a lease for […]

Seattle is again crane capital of America, but lead is shrinking

Seattle is again crane capital of America, but lead is shrinking

30/01/17

Seattle has again been named the crane capital of America, as the local construction boom shows little sign of slowing in 2017. Seattle had 62 cranes dotting the skyline at the end of 2016, the most in the country, according to Rider Levett Bucknall, a firm that tracks cranes across the world. That’s up from […]