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Construction Industry News
  1. Georgia Wins More in Residential and Infrastructures
    Published on: Thu, Nov 8, 2012 at 6:44 PM | Viewed: 272 times.
    Fresh inflow of construction contracts poured into Georgia last August, creating significant increases in both housing and non-building categories. Higher than the same period last year, the total construction contracts climbed by 8% that brought total month's gain to $922.8 million contracts. Non-r...... Read Full News
  2. South Carolina Law School’s $75 Million Construction Ready By 2016
    Published on: Thu, Nov 8, 2012 at 6:38 PM | Viewed: 210 times.
    The University of South Carolina Law School construction could start on the first half of 2013. Students can occupy the new building by 2016 which coincides the school's 150th anniversary. Funds being raised amounted to $66 million while the cost of construction is $75 million. This money was collected th...... Read Full News
  3. Modest Climb in Non-Residential Construction Costs
    Published on: Thu, Nov 8, 2012 at 5:58 PM | Viewed: 249 times.
    Third quarter 2012 Turner Building Cost Index has increased value index to 832. This reflected a 0.73% improvement from the second quarter 2012 and a 2.21% year-on-year increase from the third quarter 2011. This index measures estimated costs in the non-residential building construction in the US market. ...... Read Full News
  4. Unsustainable Growth in Construction Equipment Investments
    Published on: Thu, Nov 8, 2012 at 5:55 PM | Viewed: 207 times.
    Investments in construction equipment doubled during the last 2 years and reached an all time high in 2011. Despite its lackluster performance, economists expect that this rapid growth is unsustainable. Near term growth expectations is likely more tempered. By the end of the year, economists believe that the energy s...... Read Full News
  5. Residential Construction in New York City Leaps in First Half
    Published on: Thu, Nov 8, 2012 at 5:46 PM | Viewed: 205 times.
    Residential construction costs in New York City rose more than twice its previous value to $1.9 billion. The biggest in four years despite construction starts fell 16% from the same period last year. The residential construction data for the first half of 2012 is the largest first-half value since 2008, when th...... Read Full News
  6. Residential Contracts Up In Florida
    Published on: Thu, Nov 8, 2012 at 5:43 PM | Viewed: 262 times.
    Latest data from McGraw-Hill indicated residential construction projects in Florida moved up, offsetting the slowdown in the inflow of projects from other building categories. Florida's overall monthly total achieved a 13% gain. New residential contracts that commenced on August amounting to $1.5 billion, went...... Read Full News
  7. Construction Economic Update Fall 2012: Big Spend, Limited Volumes
    Published on: Thu, Nov 8, 2012 at 4:31 PM | Viewed: 265 times.
    A total of $833 billion will be spent on construction by the end of 2012 as according to a study by Gilbane Building Company (GBC). This translates a 7% year growth. However, the US Census Bureau estimated total construction spending came up only by 0.3% to $834 billion between May and June. The cur...... Read Full News
  8. Saudi Arabia’s One Kilometer Long Kingdom Tower Overshadows Burj Khalifa from UAE to Become World’s Tallest Building.
    Published on: Tue, Oct 16, 2012 at 9:14 AM | Viewed: 307 times.
    Kingdom Tower is all set to become the tallest building on planet Earth surpassing the 828 meter long Burj Khalifa from UAE. It may be recalled that initially the building was planned to be 1 mile long, and accordingly, was named the Mile-High Tower. However, after detailed soil testing of the construction site, i...... Read Full News
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