EMCOR Group Inc. announced that its Harry Pepper & Associates (HPA) subsidiary has been awarded a five year, indefinite delivery/indefinite quantity multiple award construction contract by the National Aeronautics and Space Administration (NASA) at the John C. Stennis Space Center.
The American Institute of Architects (AIA) announced that, on the heels of a nearly three-point increase, its Architecture Billings Index (ABI) has climbed into positive territory for the first time in five months.
The U.S. Commerce Department announced that U.S. construction spending increased for the third straight month in June. Overall U.S. construction spending grew by 0.4 percent in June to a seasonally adjusted annual rate of $842.1 billion.
According to the American Institute of Architects (AIA) semi-annual Consensus Construction Forecast, a sharp spike in demand for industrial facilities so far this year, along with sustained demand for hotels and retail projects factors into what projects to be a 4.4 percent rise in spending this year for nonresidential construction projects.
Weakened demand for HVAC services in the United States during the recession intensified price-based competition and put pressure on profit margins. According to a new industry report from IBISWorld, the HVAC industry is forecast to return to growth this year and continue to grow for the next five years.
The U.S. Census Bureau of the Department of Commerce has announced that construction spending during May 2012 was estimated at a seasonally adjusted annual rate of $830 billion, 0.9 percent above the revised April estimate of $822.5 billion. The May 2012 figure is 7 percent above the May 2011 estimate of $775.8 billion.
The 2012 Joseph S. Groh Foundation Golf Tournament, held in May at Prestonwood Country Club in Dallas, hosted a record 96 golfers, many from the HVAC industry.
FMI, a provider of management consulting and investment banking to the engineering and construction industry, has announced the release of its second quarter Nonresidential Construction Index (NRCI) for 2012. Rising 1.7 points from the first quarter to 59.8, this is the highest confidence rating achieved since the index was developed in 2007.
Delmar, part of Cengage Learning, and DEWALT announced the launch of DEWALT® Mobile Pro™, a new mobile app for construction professionals. The companies said Mobile Pro is specifically for contractors and tradesmen in the construction industry.
