ABC’s Construction Backlog Indicator Rebounds in October; Contractor Optimism Rises
WASHINGTON, Nov. 10, 2020 — Associated Builders and Contractors reported today that its Construction Backlog Indicator rebounded to 7.7 months in October, an increase of 0.2 months from September’s reading, according to an ABC member survey conducted from Oct. 20 to Nov. 5. Backlog is 1.2 months lower than in October 2019. ABC’s Construction Confidence Index…
Concrete – the World’s Most Widely Used Material – Targets Carbon Neutral Future
Forty of the world’s leading cement and concrete companies today unveiled a joint industry ‘2050 Climate Ambition.’ The ambition statement demonstrates the commitment of the industry across the globe to drive down the CO2 footprint of the world’s most used man-made product, with an aspiration to deliver society with carbon neutral concrete by 2050. Launched by…
NAIOP Industrial Space Demand Forecast: While Long Term Growth Is Expected, Recession Will Have a Significant Impact on Industrial Real Estate Absorption Rates Into 2021
Although industrial real estate has outperformed other commercial property types this year due in part to a surge in e-commerce, broader macroeconomic indicators suggest industrial space absorption will decline sharply in Q3 2020 and then rebound to positive levels in Q2 2021, according to the NAIOP Industrial Space Demand Forecast, released today. Industrial net absorption is…
BOMA, Yardi and Brightline Strategies Announce Partnership to Conduct Commercial Real Estate COVID-19 Impact Studies
The Building Owners and Managers Association (BOMA) International, Yardi and Brightline Strategies announced today a strategic partnership to field three, nationwide commercial real estate COVID-19 impact studies. The rolling research program is designed to assess the latest in tenant decision-maker sentiments relating to COVID-19, as well as its impacts on their businesses and attitudes towards…
ABC’s Construction Backlog Indicator Inches Higher in May; Contractor Confidence Continues to Rebound
WASHINGTON, June 9—Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 7.9 months in May, an increase of less than 0.1 months from April’s reading. Furthermore, based on an ABC member survey conducted May 20-June 3, results indicate that confidence among U.S. construction industry leaders continued to rebound from the historically low…
Contact Tracing to Improve Safety and Efficiency for Construction Sites in Wake of COVID-19 Challenges
Press Release When it comes to construction site safety, TRIVA has developed a reputation as the industry go-to for real-time data collection that helps improve project management and operations. Now, the company is expanding its commitment to clients with introduction of an expanded contact tracing feature to address the unique challenges brought on by COVID-19. TRIVA is…
Nonresidential Construction Spending Down in August, Says ABC
National nonresidential construction spending declined 0.4% in August, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data published today. On a seasonally adjusted annualized basis, spending totaled $773.8 billion, 0.3% higher than in August 2018. Private nonresidential spending fell 1% on a monthly basis and is down 2.8% compared to the…
CMiC Launches Corporate Social Responsibility Initiative– ‘Ready, Set, Build!’
CMiC—the most complete ERP and Field operations software provider for construction—unveiled its corporate social responsibility program today to further cement its commitment to responsible and sustainable business practices. This initiative, named ‘Ready, Set, Build!,’ will encompass all philanthropic programs and activities aligned with CMiC’s goal of supporting vulnerable members of the community with training in…
Urban Design Partners Promotes Paul Pennell
Urban Design Partners announced Paul Pennell’s promotion to Partner within the company. He has been a leader at the firm and involved in all aspects of how the firm operates since joining in 2012. Pennell, a Clemson Universiy graduate, is a licensed landscape architect with 17 years of experience in residential, commercial, and mixed-use landscape…
Walbridge Names Abby Smith Business Development Analyst
Walbridge has named Abby Smith as their new Business Development Analyst. Smith has been with Walbridge for three years, leading the local marketing efforts. In her new role, she will generate new project opportunities, create and maintain client relations and to continue to build Walbridge’s regional market presence. Walbridge is a 103-year-old construction company.
