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2013 Q2 Nonresidential Construction Index Hits Record High
FMI, a leading provider of management consulting and investment banking to the engineering and construction industry, announces the release of The 2013 Second Quarter Nonresidential Construction Index report. The NRCI score of 60.1 is a 2-point improvement over Q1 and the highest score for the NRCI index since its inception in Q1 2009.
May 24, 2013 – forconstructionpros.com
Bridge Collapse Accents Structural Decay as Budgets Sag
The collapse of a U.S. interstate highway bridge north of Seattle highlights the deteriorating state of the country's infrastructure, even following $48.1 billion in economic stimulus funds and a 2007 fatal bridge failure in Minnesota.
May 24, 2013 – Bloomberg
VDOT plans $120M project to improve I-264 and I-64
The Virginia Department of Transportation (VDOT) has advertised a $120 million project to rehabilitate 163 lane-miles of I-264 and I-64 in the Hampton Roads region. Contracts are scheduled to be awarded by the end of the year, with construction beginning early next year.
May 22, 2013 – Roads & Bridges
Pa. Turnpike Looks to Foreign Investors for I-95 Connector
Foreign investors could provide $200 million to help connect the Pennsylvania Turnpike to Interstate 95 in southeastern Pennsylvania in a deal that would provide commissions and fees for the officers of a Philadelphia investment management company and green cards for the investors and their families.
May 22, 2013 – Construction Equipment Guide
Construction Backlog Indicator 7% Higher than One Year Ago Despite Recent Declines
Associated Builders and Contractors (ABC) today reports that its Construction Backlog Indicator (CBI) declined 1.1 percent during the first quarter of 2013 and now stands at 7.9 months.
May 21, 2013 – forconstructionpros.com
Maryland announces 10 projects covered by gas-tax increase
The gas-tax increase in Maryland will be gradual, starting in July and ending three years later, but is expected to generate $1.2 billion in transportation improvements over the next six years.
May 17, 2013 – Roads & Bridges
Texas Increases Safety Focus - Results in Fatality Rate Drop
The construction fatality rate is declining faster in Texas than most other states according to a new analysis of federal safety data conducted by the Associated General Contractors of America. Association officials noted that the state's construction fatality and injury rates have declined as many contractors have spent much of the past decade focusing on improving workplace safety.
May 17, 2013 – forconstructionpros.com
Housing Starts Slip with Multifamily Correction in April
A correction from an unsustainably high level of production on the volatile multifamily side was largely responsible for a 16.5 percent dip in nationwide housing starts to a seasonally adjusted annual rate of 853,000 units in April, according to newly released figures from HUD and the U.S. Census Bureau. However, permits for new construction headed solidly higher in the month, with a particularly strong gain in multifamily issuance.
May 16, 2013 – AED
NHTSA data shows 5.3% rise in US road accident deaths in 2012
An estimated 34,080 people died in road accidents in the United States in 2012, up 5.3% on the year before, according to a new report from the US National Highway Traffic Safety Administration (NHTSA).
May 15, 2013 – World Highways
McDonnell signs Virginia roads bill
Gov. Robert F. McDonnell on Monday ceremonially signed the landmark transportation-funding bill that will generate $1.4 billion a year for Virginia roads, highways and rail.
May 13, 2013 – Washington Post
Wisconsin DOT Proposes Delays in Light of Deficit
State transportation officials released a new plan April 29 to delay reconstruction work on southeastern Wisconsin's freeways and scale back road aid to local governments in hopes of closing a looming deficit in the state's transportation fund.
May 10, 2013 – Construction Equipment Guide
North Dakota is the Hottest State for Construction Jobs
Employment in the construction industry bottomed in 2011. Here's a look at the 10 states with the biggest percentage gains and declines in construction jobs since then.
May 10, 2013 – forconstructionpros.com
U.S. rental construction, lack of first-time home buyers a sign of "inferior housing recovery"?
Despite recent dips in construction spending and employment, the mood in the industry is, well, better. Better than it was last year anyway as 151,000 jobs have been added since then, the unemployment rate is down to 13.2 percent and spending is up 5 percent.
May 8, 2013 – Equipment World
Pa. Senate Highways Plan Would Up Ante 50 Percent
Spending on Pennsylvania's highways, bridges and mass transit systems would get a big shot of new funding under a Senate plan unveiled April 16 that would raise the money by increasing motorist fees and wholesale gas taxes - bumping prices at the pump as much a quarter a gallon.
May 5, 2013 – Construction Equipment Guide
Nearly $3 Billion in New Contracts Will Challenge N.Y. Region Bridgebuilding
Construction officials in and around New York City celebrated on April 24 the award of nearly $3 billion in new bridge construction contracts as a boost to the region's economy and job growth.
May 3, 2013 – ENR
EPA to Award More than Half Billion to Water, Wastewater Plants Hit by Sandy
The U.S. Environmental Protection Agency announced on May 2 that it would provide $569 million to New York and New Jersey for improvements to wastewater and drinking water facilities hit by Hurricane Sandy last year.
May 2, 2013 – ENR
Survey shows Americans willing to pay tolls
More than 86% say they would pay the fee as long as road/bridge conditions would improve
May 1, 2013 – Roads & Bridges
Ill. Gov. Unveils $12.62B Construction Program
Gov. Pat Quinn was joined by Illinois Transportation Secretary Ann L. Schneider on April 17 to unveil a six-year, $12.62 billion construction program that will improve roads and bridges throughout Illinois while making major investments in public transportation.
April 26, 2013 – Construction Equipment Guide
Investment in Nonresidential Structures Declined in 2013 Q1
Evidence that the nation's economy is being fueled by consumer purchases, nonresidential fixed investment grew 2.1 percent in the first quarter of this year, with 3 percent growth in equipment and software investments partially offset by a 0.3 percent decrease in investment in structures, according to April 26 report by the Commerce Department on gross domestic product (GDP).
April 26, 2013 – Forconstructionpros
Traffic congestion increases by 4 percent in Q1 2013
Traffic congestion in the United States is on the rise, signaling an improvement in the nation's economy, USA Today reported.
April 25, 2013 – Better Roads
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