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Recovery for Construction Industry Projected to Result in Solid Increases in Spending Levels in 2015, 2016

WASHINGTON, D.C. — The nonresidential building market was hamstrung by weather-related delays during the first part of the 2014, but conditions improved dramatically throughout the rest of the year to finish with greater than anticipated spending levels. The commercial construction sector is now looking at double-digit increases in 2015, led by vigorous levels of demand for hotels and office buildings.

AGC Releases Construction Hiring and Business Outlook

Construction firms added jobs in 40 states and the District of Columbia between December 2013 and December 2014 while construction employment increased in 38 states and D.C. between November and December, according to a recent analysis of Labor Department data by the Associated General Contractors of America. Association officials noted that construction employment gains are consistent with the general optimism most contractors expressed in the association's Construction Hiring and Business Outlook.

USACE Mobile District Honors Brasfield & Gorrie for Safety Excellence

BIRMINGHAM, Ala. -- Brasfield & Gorrie recently announced that the company has received a quarterly safety award from the Mobile District of the U.S. Army Corps of Engineers.

Presented through the Mobile District’s Celebrate Safety initiative, the award recognizes Brasfield & Gorrie’s safety achievements on its NASA Test Stands construction project at Marshall Space Flight Center in Huntsville, Alabama. This project consists of construction of two large stands at Marshall Space Flight Center for testing the fuel tanks and other key hardware for NASA’s new Space Launch System.

Equipment Leasing, Finance Industry Confidence Reaches Three-Year High

WASHINGTON, D.C. -- The Equipment Leasing & Finance Foundation recently released the January 2015 Monthly Confidence Index for the Equipment Finance Industry. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $903-billion equipment finance sector. Overall, confidence in the equipment finance market is 66.1, an increase from the December index of 63.4 and the highest level in the last three years. 

Turner School of Construction Management Begins in Greater Washington, D.C.

WASHINGTON, D.C. -- Turner Construction Company announces its largest program in the area to date. The 2015 Turner School of Construction Management will be hosted by the D.C. Small Business Development Center at Howard University. Turner developed an eight-week curriculum to provide management training and certification to potential subcontractors. Beginning on March 25 and running through May 13, the Turner School will provide educational opportunities to over 150 companies in the Greater Washington, D.C. area.

ELFA Releases Survey of Economic Activity

WASHINGTON, D.C. -- The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $903-billion equipment finance sector, showed their overall new business volume for December was $12.9 billion, up 20 percent from new business volume in December 2013. In a typical end-of-year spike, their new business volume was up 90 percent from November volume of $6.8 billion. Cumulative new business volume for 2014 rose 8 percent over 2013.  

Gilbane's Winter Construction Economics Report Finds Multi-Sector Gains in 2015 Construction Growth & Profits

PROVIDENCE, R.I. -- Gilbane Building Company recently announced the findings from its in-house quarterly economics report: Building for the Future - Construction Economics: Market Conditions in Construction. Among its most notable findings, the report indicates 2014 construction spending will finish the year 5.4 percent higher than 2013, noting all sectors have contributed to growth. Further, most major nonresidential markets, including education, healthcare, commercial retail, office and manufacturing, along with residential construction will all realize much-needed spending increases in 2015. Still, favorable growth conditions in the coming year will be met with an ongoing shortage of available skilled workers, driving up labor costs and impacting productivity.

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