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

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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Sustainable Materials That May Make Their Way Into the Future Home Building Market

Current research in sustainable building materials is producing several notable advances in the type of material that may eventually become commonplace in the home building market. New approaches to construction materials could result in products that dramatically improve residential sustainability and energy efficiency. Here are some of the sustainable building materials and practices that could

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Midsize Construction Firms Expecting More Growth and Business in Coming Year

The outlook for midsize construction firms in 2015 is optimistic, with almost half believing that the construction sector will expand in the coming year. In a survey conducted by GE Capital, 47 percent of survey respondents reported that business will be brighter for midsize construction firms in 2015, with growth expected throughout the year. The

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Growth in Institutional Construction Detected for the First Time in 6 Years

For the first time since 2008, the institutional construction sector is showing signs of growth. Institutional construction increased a modest 4 percent in 2014, in contrast to several years of either stagnation or declines, beginning in 2009. The uptick in the institutional sector was reported in the 2015 Dodge Construction Outlook, produced by Dodge Data

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Multifamily Construction Halted in South Carolina’s Rock Hill Due to Strained City Resources

A recent boom in multifamily construction in the South Carolina city of Rock Hill has had the unexpected result of straining the city’s resources beyond their limit. In response, the city has ceased most multifamily construction projects until late 2015. The moratorium on South Carolina construction is expected to last until September 2015. It applies

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Unemployment in Construction Lowest in Years, Though Qualified Labor Is Still Hard to Find

After a lengthy period of limited opportunity and uncertainty, unemployment in construction is at its lowest point since 2006. Despite the positive upturn in construction employment, however, some industries and geographical areas are still experiencing unemployment in construction. Qualified construction workers are still in short supply in areas where oil drilling and petroleum production have been

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Denver Condo Construction May Increase if Challenge to Defects Law Passes

A strict Colorado law has restricted construction of condominiums in Denver for the past several years, but recent challenges to that law could result in a more favorable environment for builders and an increase in Denver construction. The Colorado construction defects law of 2005 protects consumers from defects and shortcomings in construction projects. However, the

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Massive Renovation Planned for Smithsonian on National Mall

A planned $2 billion renovation to the Smithsonian Institution in Washington, D.C. will renovate one of the National Mall’s most iconic buildings. In November 2014, the Smithsonian revealed plans for large-scale renovations to the institution’s administrative building, commonly known as the Castle because of its resemblance to a familiar medieval structure type. The extensive renovation

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