Construction spending rose in December 2014 to a six-year high of $982 billion as public construction for the year increased for the first time since 2009, according to an analysis of construction data by the Associated General Contractors of America (AGC).
Nonresidential construction spending slipped 1 percent on a monthly basis in November, but still managed to expand 4 percent on a year-over-year basis according to the latest figures released by the U.S. Census Bureau. Spending for the month totaled $617 billion on a seasonally adjusted, annualized basis.
This year’s forum, held in September in Green Bay, Wisconsin, drew more than 40 members, making it the most attended forum in the event’s half-decade history.
The Associated Builders and Contractors (ABC) announced that its Construction Backlog Indicator (CBI) reached a new all-time high during the third quarter of 2014 at 8.8 months, eclipsing the previous all-time high of 8.5 months set in the second quarter of 2014.
The HydroBank MS, designed specifically for developer, new construction, and replacement markets where compact design and a low first cost are primary considerations, is characterized by its small cabinet size.
New York City metro-area mechanical construction, service, and energy services contractor Trystate Mechanical has announced the launch of its new website at www.trystatemech.com.
Mammoth has launched a new water source heat pump line, HydroBank MS, designed specifically for developer, new construction and replacement markets where compact design and a low first cost are primary considerations.
The Associated Builders and Contractors (ABC) announced that its Construction Confidence Index (CCI) increased across all three indices in the first half of 2014. Each index category now stands at a post-recession high, indicating that nonresidential construction’s recovery, already robust, is positioned to continue into the year ahead.
On the heels of recording its strongest pace of growth since 2007, there continues to be a high level of demand for design services signaled in the latest Architecture Billings Index (ABI). A leading economic indicator of construction activity, the American Institute of Architects (AIA) reported the August ABI score was 53.
The last three months have shown steadily increasing demand for design services and the Architecture Billings Index (ABI) is now at its highest level since 2007, announced the American Institute of Architects (AIA). A leading economic indicator of construction activity, the July ABI score was 55.8, up strongly from 53.5 in June.