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Construction Superintendent News

Construction Superintendent is the only news source strictly geared to construction superintendents. Through our website, social media and eNewsletters, Construction Superintendent is the builders' source for current news, technology, and methods for the construction field.

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Demand Softens, Outlook for Architecture Billings Index Remains Positive

WASHINGTON, D.C. -- Buoyed by sustained demand for apartments and condominiums, coupled with state and local governments moving ahead with delayed public projects, the Architecture Billings Index has been positive for seven consecutive months. As a leading economic indicator of construction activity, the ABI reflects the approximate 9-12-month lead time between architecture billings and construction spending. The American Institute of Architects reported the November ABI score was 50.9, down from a mark of 53.7 in October. This score reflects a slight increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index was 58.8, following a mark of 62.7 the previous month.

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2015 Economic Outlook Forecasts 6% Growth in Equipment, Software Investment

WASHINGTON, D.C. -- Investment in equipment and software is expected to grow 6 percent in 2015, driven by a steadily improving economy, according to the Annual 2015 Equipment Leasing & Finance U.S. Economic Outlook recently released by the Equipment Leasing & Finance Foundation. Overall in 2015, the outlook for 12 individual equipment and software verticals tracked in the report is mixed, with some sectors outperforming others. The Foundation’s report, which is focused on the $903-billion equipment leasing and finance industry, forecasts 2015 equipment investment and capital spending in the United States and evaluates the effects of various industry and external factors likely to affect growth over the next 12 months. The report will be updated quarterly throughout 2015.

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Equipment Leasing and Finance Association Releases Monthly Economic Index

WASHINGTON, D.C. -- The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), 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 October was $8.3 billion, up 9 percent from new business volume in October 2013. Month over month, new business volume was down 12 percent from September. Year to date, cumulative new business volume increased 8 percent compared to 2013. 

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ABC Predicts Continued Construction Industry Growth in 2015

WASHINGTON, D.C. -- Associated Builders and Contractors forecasts a steady and ongoing economic recovery for the U.S. commercial and industrial construction industries in 2015. The reasonably brisk industry recovery in 2014 should continue in 2015, with momentum especially growing in segments closely related to the current American energy and industrial production resurgence.

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McCarthy Completes Construction of National City Middle School Phase II

McCarthy1 12172014SAN DIEGO, Calif. -- McCarthy Building Companies, Inc. has completed construction of a new 19,880-square-foot classroom building, comprising phase two of National City Middle School, located on a two-acre site at 1701 D Avenue in National City, California.

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Construction Employment Demand Remains Steady, Reports AGC

Construction employment expanded in 228 metro areas, declined in 64 and was stagnant in 47 between October 2013 and October 2014, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said the construction job gains come as new federal figures show year-over-year growth in construction spending and many firms report impacts from growing shortages of qualified workers.

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Equipment Leasing and Finance Industry Confidence at Six-Month High

WASHINGTON, D.C. -- The Equipment Leasing & Finance Foundation has released the November 2014 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 64.2, an increase from the October index of 60.4 and the highest level since May. 

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