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January construction spending unchanged at $1.26 trillion

Construction Dive

January's construction spending failed to meet analyst higher estimates, but was up 3.2% from January 2017.

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New construction starts in 2017 to increase 5% to $713 billion

BD+C

Dodge Data & Analytics today released its 2017 Dodge Construction Outlook. construction starts for 2017 will advance 5% to $713 billion, following gains of 11% in 2015 and an estimated 1% in 2016. The report predicts that total U.S.

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Construction Cost Estimating, Location Factoring, and National Average Cost Data

Job Order Contracting

Many in the public sector are unaware of the construction cost estimating issues caused by the use of national average cost data and location factoring. They are not intended to be used when preparing appropriation-quality estimates. Here’s short summary of those problems noted by independent third parties. Peitlock, B.A.,

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A modest boost in licensed architects in 2017

BD+C

increased by 3% to 113,554 in 2017. NCARB estimates that there is now one architect for every 2,900 people in the U.S. The number of licensed architects in the U.S. Virgin Islands.

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Alternative Heat lands £35m biomass deal

Construction Enquirer

The six-year deal for Highland Council, Scotland is worth an estimated £35m and will see Alternative Heat provide service, maintenance and biomass fuel supply to 88 sites across the Highlands region. Decarbonisation specialist Alternative Heat Ltd has been awarded one of the largest biomass operation and maintenance contracts in the UK.

Contracts 163
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Apartment deliveries will peak by mid-2017: Axiometrics report

BD+C

In its latest report, the Census Bureau estimates that annualized starts of structures with five or more units stood at 445,000 in October, up 28.2% The market researcher Axiometrics looked at its identified supply data and concludes that multifamily deliveries could peak by mid-year 2017. over the same month a year earlier.

Permits 63
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Mortenson Raises Estimate for 2017 Chicago Construction Cost Increases to 4.5%

Construction Superintendent Magazine

With supplies of some key materials, equipment and labor tightening, Mortenson Construction has raised its estimate for nonresidential construction cost increases in Chicago, Illinois, for 2017 from 4 percent to 4.5 The post Mortenson Raises Estimate for 2017 Chicago Construction Cost Increases to 4.5% CHICAGO, Ill.