Phoenix Cranes Up, Balanced Across Sectors
By BEX Staff for AZBEX According to the latest biannual “RLB Crane Index” from construction monitoring and advisory firm Rider Levett Bucknall, cranes visible across the Phoenix skyline tripled coming into the first half of 2020. “Tripling its cranes since the last Index, Phoenix is experiencing a balanced expansion of building sectors, with mixed–use, educational, hospitality, and tech projects all […]
Ariz. Construction Gained 9,200 Jobs in February
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate remained at 4.5 percent in February 2020, from January 2020, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate decreased to 3.5 percent from 3.6 percent in January. In February 2019, the state had a seasonally adjusted rate of 4.9 percent, and the national was at 3.8 percent. The state had a net gain of 24,300 non-farm jobs over the month, which is less than the historical 10-year (2010-2019) average gain of 25,100 jobs. Leisure & Hospitality had the largest net gain of jobs with 8,000, followed […]
Ariz. Construction Lost 2,500 Jobs in January
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate remained at 4.5 percent in January 2020, from December 2019, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate increased to 3.6 percent from 3.5 percent in December. In January 2019, the state had a seasonally adjusted rate […]
Ariz. Construction Gained 1,100 Jobs in December
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate decreased to 4.6 percent in December 2019, from 4.8 percent in November 2019, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate remained at 3.5 percent from November. In December 2018, the state had a seasonally adjusted rate […]
Nov. Construction Unemployment Rates Rise
Source: Associated Builders and Contractors In November, estimated not seasonally adjusted construction unemployment rates increased nationally and in 38 states, fell in 11 states and were unchanged in one state (Washington) on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. As of November […]
Oct. Unemployment Rates Rise from a Year Ago
Source: Associated Builders and Contractors In October, estimated not seasonally adjusted construction unemployment rates increased nationally and in 34 states, fell in 13 states and were unchanged in three states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. As of October 2019, […]
ABC’s 2020 Construction Economic Forecast
Source: Associated Builders and Contractors Associated Builders and Contractors Chief Economist Anirban Basu forecasts continued momentum for the construction sector next year but advised an overall “wait-and-see” approach based on leading and lagging indicators and economic uncertainties, according to a 2020 economic outlook published in Construction Executive magazine. Although ABC’s Construction Backlog Indicator—a leading indicator […]
Construction Input Prices Unchanged in October
Source: Associated Builders and Contractors Construction input prices remained unchanged on a monthly basis in October but are down 2.2 percent year-over-year, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released. Nonresidential construction input prices fell 0.1 percent for the month and are down 2.0 […]
Ariz. Construction Gained 1,800 Jobs in September
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate decreased to 4.9 percent in September, from 5 percent in August 2019, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate decreased to 3.5 percent from August. In September 2018, the state had a seasonally adjusted rate of […]
Banner, NexCore plan Health Center in Glendale
Source: NexCore NexCore Group has been chosen to develop Banner Health’s newest multispecialty health center. The three-story, 130KSF Banner Health Center will be located in the Aspera mixed-use development near the Agua Fria Loop 101 Freeway and 75th Avenue, in Glendale. The Class A facility will be developed on a portion of 17.5 acres owned by […]