ABC Releases Latest Construction Spending Data

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National nonresidential construction spending slid 1.5% in May, according to an Associated Builders and Contractors’ analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.267 trillion. Spending was up on a monthly basis in 11 of the 16 nonresidential subcategories. “Private nonresidential construction spending shrank for the seventh consecutive month in May and is now down 6.6% on a year-over-year basis,” said ABC Chief Economist Anirban Basu. “This weakness is largely due to the ongoing decline in manufacturing-related construction spending as CHIPS Act-supported projects wind down, yet overall there are few sources of … Read more

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Balfour Beatty JV to Build 8300 Douglas Mixed‑Use Development in Preston Center

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Balfour Beatty, in joint venture with ANDRES Construction, has been selected to construct the 8300 Douglas Avenue development in the Preston Center area of Dallas, Texas. Once complete, the project will deliver an upgraded mixed‑use destination that increases density and enhances the walkability of this highly sought‑after neighborhood. On behalf of RAMROCK Real Estate, Balfour Beatty and ANDRES will provide construction management services and general contracting to deliver the project. Designed by HKS, the development will include a 12‑story office tower, a 16‑story multifamily residential tower, structured parking for both office and residential uses, at‑grade retail space and a series of shared and … Read more

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ABC: Construction Job Openings Rise to 10-Month High in May, Hiring Remains Historically Slow

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The construction industry had 298,000 job openings on the last day of May, according to an Associated Builders and Contractors’ analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 32,000 last month and are up by 76,000 from the same time last year. “Construction job openings rose to a 10-month high in May,” said ABC Chief Economist Anirban Basu. “Unfortunately, that increase likely reflects exceptional demand for certain occupations critical to data center … Read more

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Benchmark General Contractors Breaks Ground on Midpoint Gateway Retail Center in Cape Coral

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Benchmark General Contractors held a groundbreaking ceremony Wednesday, June 17 for Midpoint Gateway Retail Center, a 7,500-square-foot multi-tenant retail development in Cape Coral, Florida, marking the official start of construction.  The new retail center will offer space for five businesses, with leasing opportunities still available. GMA Architects and Planners is serving as architect on the project, with Moody Powell Structural Engineers as structural engineer. Construction is underway and is expected to be completed within eight months.  The groundbreaking comes as Benchmark expands its reach beyond Sanibel and Captiva, where the company has concentrated much of its work since Hurricane Ian.  As Southwest Florida … Read more

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Sonnhalter Continues Tradition with 17th Annual Tool Drive

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Sonnhalter will host its 17th Annual Tool Drive in partnership with Greater Cleveland Habitat for Humanity. Since launching the initiative in 2010, Sonnhalter’s Tool Drive has raised $603,000 in donations to support Habitat’s mission of providing safe, affordable housing opportunities throughout Northeast Ohio. The tool drive will run throughout the month of August. Organizations, businesses and manufacturers are encouraged to donate demo models, extra inventory, tools and building materials to benefit Greater Cleveland Habitat for Humanity. Donations collected help support Habitat’s homebuilding efforts and fund ReStore operations across Cuyahoga and Lorain counties. Greater Cleveland Habitat for Humanity has helped hundreds … Read more

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