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Construction unemployment returns to 2009 low

Construction Dive

Wages were also up at the end of the month, to $30.81 an hour from $30.15 an hour last September.

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Developer delays $3B The Drew Las Vegas project for 2 years

Construction Dive

The real estate mogul wants to finish a construction budget for the property, which a prior developer had sunk billions into before a 2009 bankruptcy.

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Housing slump sees construction output fall

Construction Enquirer

Aside from the lockdown-related fall in house building, the rate of contraction was the fastest since April 2009. “Delivery times for building materials were also the most improved since 2009. Housing work (index at 39.6) decreased at the steepest pace since May 2020.

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TfL submits plan for DLR extension to Thamesmead

Construction Enquirer

The project would take learnings from the 2009 when the DLR was extended to Woolwich Arsenal tunnelling beneath the River Thames, with housing growth following in areas including Woolwich, Canning Town, Pontoon Dock and West Silvertown.

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Housing veteran bids to turn Inland Homes around

Construction Enquirer

75, has over 50 years experience in the industry and was a former CEO of MJ Gleeson which he joined in 2009 and left suddenly in 2019 following a row over pay and his succession. Veteran house builder Jolyon Harrison has been appointed as CEO at cash-strapped Inland Homes in a bid to turn the business around.

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Deadline extension for LEED 2009 project certifications

BD+C

LEED v3 includes all LEED 2009 rating systems. USGBC and GBCI are extending the LEED v3 certification deadline from June 30, 2021 to June 30, 2022. The additional year to submit for review is aimed at easing the burden of COVID-19 pandemic project schedule delays.

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The Size of the Average Single-Family Home Is Shrinking

The Pro Builder

Home size rose from 2009 to 2015 as entry-level new construction lost market share. Since Great Recession lows (and on a one-year moving average basis), the average size of a new single-family home is now 4% higher at 2,486 square feet, while the median size is 7% higher at 2,262 square feet.

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