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Top Secret Construction Projects

Secret government jobs, high rises and retail selected for winning steel erection projects – The Steel Erectors Association of America (SEAA) has announced the winners of its annual Project of the Year for steel erection contracts topped out in 2016. Five companies in four contract level categories were honored at the 2017 Annual Convention and Awards Gala […]

Multifamily Cooldown A Drag On Housing Starts In April

Housing starts dropped 2.6% in April to a seasonally adjusted annual rate of 1.172 million from March’s downward-revised 1.203 million, the Commerce Department reported Tuesday. April’s figure is 0.7% ahead year-over-year. Building permit authorizations, an indicator of future construction activity, cooled in April, falling 2.5% from March’s rate of 1.260 million to 1.229 million for the […]

How Amusement Features Are Driving The ‘Experience Economy’

Mixed-use developers, retailers and even public agencies are fighting for people to show up at their events, resorts and shopping centers, spending a lot of time and money in the process. However, today’s target market isn’t the mall generation of yesterday. There is a new wave of shoppers, tourists and adventurers looking for something more, […]

Construction Material Costs Outpace Contractors’ Pricing

Double-digit price increases for key construction materials pushed up construction costs in March, while the prices charged by contractors remained moderate, according to a new analysis of federal producer price data released on April 19 by the Associated General Contractors (AGC) of America.  Association officials urged policy makers to avoid adopting restrictions on international trade that would […]

Cell Tower Constructed Entirely Of Bamboo

Last month, Bangladesh’s capital city became home to the world’s first cell tower constructed entirely out of bamboo — proof that emerging Asia can simultaneously tackle two of its most pressing concerns: infrastructure investment and renewable resources. Developed by Malaysian infrastructure services firm edotco and the Bangladesh University of Engineering, the tower took just 12 […]

Why Industrial Construction Is So ‘Hot’ Right Now

Driven by a surge in e-commerce, the industrial sector has become one of the “hottest” sectors in the market, according to Commercial Property Executive. Industrial real estate in the U.S. saw an 11.7% return last year, which was higher than any other property segment, according to research and analytics company MSCI. In comparison, all property segments […]

Revolutionizing The Construction Industry

In 1950, the fishing village of Shenzhen in south-east China had just over 3,000 inhabitants. By 2025, this number will exceed 12 million. And Shenzhen is not alone. Urban areas around the globe are growing by 200,000 people per day, and all these people will need affordable housing as well as social, transport and utility […]

US construction spending rose to nearly 11-year high

U.S. developers ramped up construction spending in February to the largest amount in nearly 11 years, led by more building of homes, highways and schools. The Commerce Department says construction spending rose 0.8 percent in February to the highest level since April 2006, after two months of declines. Builders are rapidly putting up more homes […]

Tesla Taking Orders For Solar Roof – Your home will never be the same

Tesla Inc. is ready to start taking deposits for its stunning solar roof tiles. The company will begin taking orders next month, Chief Executive Officer Elon Musk said via Twitter on Friday. Tesla hasn’t disclosed detailed pricing on the tiles, but that would presumably become clear when people start putting down deposits. Installations will begin in mid 2017, according to the company’s […]

Fannie Mae Notes Hopeful Construction Outlook

Fannie Mae’s March economic forecast was written before the FOMC announced an increase in the fed funds rate last Wednesday.  The company’s economists assumed there would be an increase, but hedged some of their predictions by noting both upside and downside risks to their 2 percent growth forecast. Currently the country appears on track to […]