ABC’s Construction Backlog Indicator Rebounds

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Associated Builders and Contractors reported its Construction Backlog Indicator increased to 8.2 months in March from 8.1 months in February, according to an ABC member survey conducted March 20-April 3. The reading is down 0.5 months from March 2023. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for March. View the full Construction Backlog Indicator and Construction Confidence Index data series. Backlog is down over the past year for every region except for the Middle States, which now has the second largest backlog of any region. The South continues to have the largest backlog despite a large decline … Read more

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Topping Out Ceremony Held for New Care Tower at Atrium Health Wake Forest Baptist Medical Center

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A topping out ceremony was recently held for the $450-million care tower on the campus of Atrium Health Wake Forest Baptist Medical Center in Winston-Salem, North Carolina. The milestone event signifies the completion of the structural framework of the 350,000-square-foot building. Over the past 17 months, hundreds of construction workers, putting in more than 268,000 work hours, placed more than 2,200 tons of reinforcing steel into more than 19,200 cubic yards of concrete, which is equivalent to around 1,920 truckloads, to complete the structure of the building. The care tower will include an upgraded emergency department, state-of-the-art operating rooms and … Read more

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John R. Webb Veterans of Foreign Wars Post 3285 Selects Contour Construction for Construction of New Building

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The Veterans of Foreign Wars in Frederick, Maryland has selected Contour Construction for the construction of its new post home. This decision marks a significant milestone in the VFW’s journey toward enhancing its facilities to better serve veterans and the community. The new building will not only serve as a hub for veterans’ activities but will also provide a welcoming space for community events and gatherings. It will be a post home for all combat veterans and their families. Construction is set to begin soon with completion projected for the end of 2024.

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Latest Crane Count Shows Net Decrease with High Project Completion Rate

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International property and construction consultancy firm Rider Levett Bucknall has released its latest Crane Index and quarterly Construction Cost Report. The two documents provide a perspective on the North American construction industry in 14 key markets. The latest RLB quarterly Construction Cost Report, with data from mid-Q1 2024, shows that the national average increase in construction costs was 1.29%, similar to pre-pandemic levels. Boston, Chicago, Honolulu, Los Angeles, New York and Washington, D.C. all experienced increases over the national average this quarter. Denver, Las Vegas, Phoenix, Portland, San Francisco and Seattle experienced gains that were less than the national average. Crane Index notes Calgary, Las Vegas and Los Angeles have … Read more

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ABC: Construction Materials Prices Increase 0.4%

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Construction input prices increased 0.4% in March compared to the previous month, according to an Associated Builders and Contractors’ analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also increased 0.4% for the month. Both overall and nonresidential construction input prices are 1.7% higher than a year ago. Prices fell in all three energy subcategories last month. Natural gas prices were down 37%, while unprocessed energy materials and crude petroleum were down 6.9% and 0.8%, respectively.  

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