73% of construction firms plan to expand their payrolls in 2017

73% of construction firms plan to expand their payrolls in 2017

30/01/17

Survey results released by the Associated General Contractors of America and Sage Construction and Real Estate show 73% of the nearly 1,300 construction firms polled plan to expand their payrolls in 2017. Most firms will only see modest expansions, though, as 66% reported their planned hiring will increase total headcount between 1% and 25%. 6% […]

Washington, Oregon Have Strong Construction Employment Gains

Washington, Oregon Have Strong Construction Employment Gains

30/01/17

Washington and Oregon both experienced solid monthly employment growth in the construction industry in both October and November, according to seasonally-adjusted numbers from the Associated General Contractors of America. The states were two of only 23 states and Washington, D.C. that added construction jobs between September and October. They joined 27 other states and Washington, […]

Seattle’s record apartment boom is ready to explode; what it means for rents

Seattle’s record apartment boom is ready to explode; what it means for rents

30/01/17

The apartment boom in Seattle has already reached historic heights — more units opened in each of the past four years than ever before. Now, the real boom is about to begin. Seattle is set to see almost 10,000 new market-rate apartments open in 2017, nearly twice as many as in any other year in […]

For thousands, light rail could be the only way through downtown Seattle next year

For thousands, light rail could be the only way through downtown Seattle next year

30/01/17

Seattle is on a collision course between construction and transportation by fall 2018, when a pair of major projects will push buses out of the downtown transit tunnel. Streets on the surface are considered too full to add traffic, and an additional 10,000 housing units and 11 million square feet of offices are already being […]

Seattle issues request for proposals for KeyArena redevelopment

Seattle issues request for proposals for KeyArena redevelopment

30/01/17

Dive Brief: Seattle has issued a request for proposals for the redevelopment of the aging KeyArena at Seattle Center, according to the Seattle Times. The city has indicated that the new facility could host either an NBA or NHL team, and potential developers must secure their own construction financing and agree to a lease for […]

Seattle is again crane capital of America, but lead is shrinking

Seattle is again crane capital of America, but lead is shrinking

30/01/17

Seattle has again been named the crane capital of America, as the local construction boom shows little sign of slowing in 2017. Seattle had 62 cranes dotting the skyline at the end of 2016, the most in the country, according to Rider Levett Bucknall, a firm that tracks cranes across the world. That’s up from […]

Real estate execs eye infrastructure investments amid high hopes for Trump

Real estate execs eye infrastructure investments amid high hopes for Trump

20/01/17

A survey of top U.S. real estate executives revealed that infrastructure assets figured prominently into what they believe to be the best and safest investments, according to Forbes.   As part of the Altus Group survey, respondents were asked to invest a hypothetical $1 billion for maximum returns, and they allocated 15.5% to infrastructure, a […]

7 crucial ways New York City's landscape will change in 2017

7 crucial ways New York City’s landscape will change in 2017

20/01/17

The new year has come, meaning that after a period of reflecting on the year past’s preservation battles, best architecture, and more, it’s time to look towards the future. Megaprojects Hudson Yards will continue on its hot streak from 2016, when tenants were welcomedinto its first completed building at 10 Hudson Yards and sales launched […]

How to leverage corporate programs to survive the construction talent drought

How to leverage corporate programs to survive the construction talent drought

20/01/17

There’s no denying that the available skilled labor pool is shrinking. The Associated General Contractors found in its annual survey that even more employers anticipate difficulty in finding qualified help this year than they did in 2016. It’s not just field workers and supervisors who are in short supply. Project managers are hard to come by, and […]

US Home Construction Jumps, Led by More Apartment Building

US Home Construction Jumps, Led by More Apartment Building

20/01/17

WASHINGTON — U.S. builders ramped up home construction in December, led by a surge of apartment building, while single-family houses lagged. Housing starts jumped 11.3 percent last month, to a seasonally adjusted annual rate of 1.2 million, the Commerce Department said Thursday . The figures are volatile month to month: Starts plummeted in November after […]