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Construction Spending Tops $1 Trillion For Fourth Consecutive Month in June

The seasonally adjusted annual rate of construction spending increased to $1,064.6 billion in June, marking the fourth consecutive month construction spending topped $1 trillion. This is a 12% increase over the June 2014 figure of $950.3 billion. May’s initial estimate has been revised up from $1,035.8 billion to $1,063.5 billion and April’s figure has been […]

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Getting Young People Interested In Construction Careers – ACE Mentor Program

For 20 years, the ACE Mentor Program has been introducing and motivating high school students to careers in architecture, engineering and construction. The program began in 1994 as the ACE Mentor Program of New York City with 17 mentoring firms forming three teams to teach 90 students about the AEC industry. The national not-for-profit ACE […]

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Why The Construction Industry Needs Universal BIM Standards

The adoption and use of Building Information Modeling (BIM), the digital representation of physical and functional characteristics of a facility that creates a shared knowledge resource for information about a facility to form a reliable basis for decisions from conception to the end of its life-cycle, has skyrocketed over the past few years. Some of […]

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Construction Industry Sees No Job Gains In June

Construction employment remained flat in June according to the latest Employment Situation Summary released by the U.S. Bureau of Labor Statistics (BLS) this morning. This is a bit disappointing coming off yesterday’s Construction Spending report that showed the annual rate of construction spending had reached a 6+ year high, hitting pre-recession numbers. The two biggest […]

pubvpricpipmay15

May Construction Spending Hits Highest Level In Over 6 Years

The seasonally adjusted annual rate of construction spending for May 2015 climbed to $1,035.8 billion. This is the third consecutive month that construction spending was above the $1 trillion mark with April’s figure being revised up from $1,006.1 billion to $1,027.0 billion and March’s $984.0 billion being revised up to $1,006.4 billion. May marks the […]

10 Fun Facts About Skyscrapers

Two major inventions led to the development of the skyscraper, Elisha Otis’ safety elevator and William LeBaron Jenney’s structural steel frame. The skyscraper race was on and it’s still going strong as taller and taller buildings being erected. When completed in 2018, the Kingdom Tower in Jeddah, Saudi Arabia will stand as the world’s tallest […]

adpmay15

Construction Industry Tacks On Another 17,000 Jobs In May

The construction industry added another 17,000 jobs in May, according to the latest release from the Bureau of Labor Statistics (BLS). The largest contribution came from specialty trade contractors with 12,300 jobs added. Construction employment has grown by 112,000 jobs during the first 5 months of 2015 and by 273,000 jobs during the last year. […]

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Annual Rate Of Construction Spending Tops $1 Trillion In April

In April, the seasonally adjusted annual rate of construction spending topped the $1 trillion mark for the first time since November 2008. The annual rate of construction spending jumped 2.2 percent to $1,006.1 billion over March’s revised estimate of $984.0 billion. February’s estimate was revised up again from $972.9 billion to $979.0 billion, marking three […]

Take Our Construction Slang Quiz

Every trade and profession has its own language. The construction industry is no different with its own jargon, lingo and slang. We’ve put together a Construction Slang Quiz to test your knowledge of terms heard on the jobsite. The language used at the construction site can be colorful at times, but we’ve kept the quiz clean. After […]

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ABI Sees Another Drop In Design Activity In April

April brought about another drop in design activity according to the latest Architecture Billings Index (ABI) from the American Institute of Architects (AIA). April’s ABI score was 48.8, a significant decline from March’s score of 51.7. This is the second decrease in design activity reported by the ABI with January having a score of 49.9. […]

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Going Paperless In The Construction Industry

As a construction professional, can you envision the day coming where you no longer use paper in your daily activities? We’re talking no more hard copies of plans and specs, invoices, contracts, timesheets, punch lists, contracts or bids. In such a paper-reliant industry like construction this may seem completely improbable to some. While the notion […]

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Protect Your Construction Company’s Reputation, Don’t Hire Stooges

When interviewing and hiring new employees do you consider how the candidate will impact your construction company’s reputation? Your employees are the face of your company. Your company’s reputation is a direct reflection of the quality of the work they do and their professionalism on the jobsite. They can either help you build and maintain […]

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Construction Employment Surges Back In April With 45,000 Jobs Added

After the construction industry lost 9,000 jobs in March, it took a giant leap forward by adding 45,000 jobs. According to the Bureau of Labor Statistics (BLS), a majority of those jobs, 41,000, came from specialty trade contractors. The construction industry has added 108,000 jobs during the first four months of 2015 and 280,000 over […]

pvpcpipmar2015

Construction Spending Slips Again In March, Outpaces March 2014 Spending

According to the U.S. Census Bureau, the seasonally adjusted annual rate of construction spending for March 2015 was at $966.6 billion. This is 0.6 percent below February’s revised rate of $972.9 billion.  The good news is that with February’s rate being revised up from its preliminary estimate of $967.2 billion, last month actually saw an […]

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The Value Of Apprenticeships In The Construction Industry

According to the Associated General Contractors of America (AGC), 80% of construction firms are planning to hire more workers in 2015 with only 7% expected to reduce headcounts. This could be challenging since AGC also reported that 87% of companies have reported having difficulties filling positions, especially skilled craft workers. Expect to see a big […]

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Architecture Billings Index Continues Improvement In March

Design activity increased again in March according to the latest Architecture Billings Index (ABI) from the American Institute of Architects (AIA). March’s ABI score was 51.7. This is a good sign after seeing a decrease in design activity to start the year with a score of 49.9 in January, followed by a quick rebound in February […]