Construction Trends

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U.S. Hotel Construction at 6-Year High

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According to Lodging Econometrics, a Portsmouth, New Hampshire-based strategic intelligence and consulting company serving the hospitality and lodging industry, the total number of hotel construction projects in 2014 reached a six-year high. A total of 3,645 projects, comprising more than 460,000 rooms, were identified by Lodging Econometrics. The data indicates five consecutive quarters of double-digit […]

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The Fastest Growing U.S. Cities of 2015 — Where Construction Is Booming

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Construction trends in 2014 and early 2015 indicate that the industry is continuing to expand after taking a significant hit from the U.S. economic recession of 2007 to 2009. Commercial, residential and industrial construction are showing significant increases, while investments in infrastructure are prompting growth in several regions. Industry analysts continue to expect significant growth

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Construction to Begin on Block 75, Part of the Burnside Bridgehead Project

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Construction is underway on a new mixed-use building in Portland, Oregon’s Burnside Bridgehead area. The building, known as Block 75, is going up at the corner of Northeast Davis Street and Martin Luther King Jr. Boulevard. The Block 75 building will include 75 residential units, expected to rent at market rates. There will also be

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Waikiki’s Ritz-Carlton Tower Part of Construction in Hawaii

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Construction in Hawaii continues to expand as a new hotel and condominium residential tower nears completion in early 2016. The Ritz-Carlson Residences are under construction on Waikiki Beach at 2121 Kuhio Avenue. The project consists of two towers combining condominiums, hotel rooms and retail businesses. It’s being developed by Pacrep LLC, an affiliate of prominent

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U.S. Construction Industry Expected to Expand in 2015

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Recent data on construction employment suggests that improvements will continue and that the U.S. construction industry will expand even further in 2015. Increases in construction employment were identified in more than 250 metropolitan areas around the country between December 2013 and December 2014, according to data from the Associated General Contractors of America (AGC). The

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Florida Construction May See a Positive Upswing Due to Renewed Relations with Cuba

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The recent easing of tensions between the United States and Cuba suggests that a related economic boom may likely be close behind. Relations between the two countries are the friendliest they’ve been in some 50 years, and some experts believe that associated increases in tourism and trade between the U.S. and Cuba will mean increased

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The Latest in Smart Home Technology From the 2015 Consumer Electronics Show

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New and innovative products introduced at the 2015 Consumer Electronics Show demonstrate that consumers and manufacturers continue to have a keen interest in smart home technology. The Consumer Electronics Show, held in Las Vegas, is a prominent venue for designers, developers and manufacturers to showcase their latest products. The 2015 show makes it clear that

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December 2014 Saw Lower Construction Material Costs Across the U.S.

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Prices for 11 important residential construction materials dropped in December 2014, with indications that prices may drop even further in the early months of 2015. Construction material costs fell 1.4 percent in December 2014, according to the U.S. Department of Labor’s Producer Price Index. The price reductions in December represented a nearly 1 percent decrease

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