Nonresidential construction spending inched 0.3 percent lower in July largely due to a significant upward revision to Junes spending figure, according to analysis of U.S. Census Bureau data by Associated Builders and Contractors (ABC).
Nonresidential construction spending dipped 1 percent in June and has now contracted for three consecutive months, according to analysis of U.S. Census Bureau data by Associated Builders and Contractors.
Real gross domestic product (GDP) expanded 1.2 percent (seasonally adjusted annual rate) during 2016s second quarter, according to an analysis of Bureau of Economic Analysis data by Associated Builders and Contractors (ABC). Nonresidential fixed investment, a category closely tied to construction and other forms of business investment, fell for a third consecutive quarter.
Arup was selected to develop HAUT, the highest wooden residential building in the world to date, counting 21 floors.
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the new residential construction statistics for June 2016.
Nonresidential construction spending dipped 1.3 percent in May, according to analysis of U.S. Census Bureau data by Associated Builders and Contractors (ABC). Nonresidential spending, which totaled $684.9 billion on a seasonally adjusted, annualized rate, has expanded 1.2 percent since May 2015.
Architecture and planning firm Gould Evans on behalf of project sponsor Align Real Estate, submitted a Downtown Project Authorization Application (Planning Code Section 309 Application) to the San Francisco Planning Department for a new mixed-use residential tower at 30 Otis Street. If approved, the proposed 250-foot tower accompanied by an 85-foot podium building will be part of the strategic revitalization of this transit-rich, underdeveloped corner of the city.
Nonresidential construction spending fell 2.1 percent in April according to analysis of U.S. Census Bureau data released by Associated Builders and Contractors (ABC). Nonresidential spending totaled $688.2 billion on a seasonally adjusted, annualized rate.
The Harman Group (THG), a firm specializing in structural engineering, parking planning and design and construction engineering, announced that One Riverside, a $90 million, 82-unit residential condominium complex in Philadelphia, celebrated its topping off milestone on May 25.