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June Construction Jumps 6 Percent


NEW YORK, N.Y. -- New construction starts in June advanced 6 percent to a seasonally adjusted annual rate of $549.7 billion, the highest level so far in 2014, according to McGraw Hill Construction, a division of McGraw Hill Financial.  Nonresidential building strengthened after pulling back in May, with the lift coming from the start of several large manufacturing plant projects.  Modest gains in June were also reported for housing and nonbuilding construction (public works and electric utilities). During the first six months of 2014, total construction starts on an unadjusted basis were $254.1 billion, up 1 percent from the same period a year ago.

Equipment Leasing and Finance Industry Confidence Remains Steady in July

WASHINGTON, D.C. -- The Equipment Leasing & Finance Foundation releases the July 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 $827-billion equipment finance sector. Overall, confidence in the equipment finance market is 61.4, unchanged from the June MCI-EFI. 

Strong Man Wraps Itself In a New Name

POMPTON PLAINS, N.J. – Strong Man, supplier of debris netting and weather enclosure products, is taking on a new name. Established in 1974 as Strong Man Building Products Corporation, the family owned company is celebrating 40 successful years in the industry with a name change that reflects the core of their business. Effective July 27, Strong Man Building Products will now be known as Strong Man Safety Products.

“It’s a seemingly small change,” notes Strong Man Founder Jay Kinder. “But the fact is, we’re not just in the debris netting business. We’re in the business of selling safety. That’s true whether it involves keeping workers safe on the job site or pedestrians passing in the streets below, or even protecting buildings and equipment. When people in the business think Strong Man, they think ‘safety,’ and we wanted our name to reflect that.”

NoteVault, CMiC Integration Simplifies Construction Reporting

SAN DIEGO, Calif. -- NoteVault, a provider of voice-to-text-based mobile reporting solutions for the commercial construction industry, recently announced its integration with CMiC, a full ERP software solutions provider for the construction industry.

The integration between the two systems provides greater transparency and visibility for executives into the day-to-day project reporting and saves hours of administration time for project managers and superintendents.

Momentum Increasing for Architecture Billings Index

WASHINGTON, D.C. -- The Architecture Billings Index is signaling improving conditions for the overall design and construction industry. As a leading economic indicator of construction activity, the ABI reflects the approximate nine- to 12-month lead time between architecture billings and construction spending. The American Institute of Architects reported the June ABI score was 53.5, up from a mark of 52.6 in May. This score reflects an increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index was 66.4, up noticeably from the reading of 63.2 the previous month and its highest level in a calendar year.

Benefits of Prefabrication Proven in New Study

Construction of the new $623-million, 831,000-square-foot Saint Joseph Hospital in Denver, Colorado is scheduled to be completed this month--nearly 2.5 months earlier than normal—thanks in part to the construction technology of prefabrication. The practice and growing trend of designing and assembling components of a building off-site prior to delivery and installation was a key driver in meeting the regulatory need of having the new hospital open and operational by December 2014. Mortenson now has released a new study on the project that proves how this evolution of construction can pay big dividends to customers today.

Central Concrete Joins Fellow Contractors for Ribbon-Cutting Ceremony

levi 2SAN JOSE, Calif. -- Central Concrete Supply Co., Inc., a business unit of U.S. Concrete, Inc., joined fellow contractors to celebrate the Levi’s Stadium ribbon cutting. Initiating its first placement on May 21, 2012, Central Concrete supplied an estimated 80,000 cubic yards of concrete for the auger cast piles and the overall stadium structure, sidewalks and architectural concrete.

In choosing Central Concrete’s product, the San Francisco 49ers and the Turner/Devcon Construction team demonstrated their commitment to sustainability. The mixes selected are estimated to reduce the overall carbon footprint by 23 million pounds of CO2, as compared to traditional concrete.

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