Inside Construction’s Battle with Opioids
By Cameron Sperance and Chuck Sudo for Bisnow The American opioid crisis has been declared a national public health emergency, but the U.S. construction industry does not seem ready to take action regarding its own significant role in the deadly epidemic. The $1T industry has been hit harder than almost any other sector of the […]
AZ Employment: Construction Gains 1,600
By Roland Murphy for Arizona Builder’s Exchange Arizona’s seasonally adjusted unemployment rate fell again in September to 4.7 percent, down from 5.0 percent in August, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate dropped to 4.2 percent, down from to 4.4 in August. The state had a […]
ABI Continues Growth Streak
Source: American Institute of Architects With all geographic regions and building project sectors showing positive conditions, there continues to be a heightened level of demand for design services signaled in the latest Architecture Billings Index. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between […]
August Unemployment Dips; Const. Loses 600
By Roland Murphy for Arizona Builder’s Exchange Arizona’s seasonally adjusted unemployment rate dipped in August to 5.0 percent, down from 5.1 percent in July, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate increased to 4.4 percent, up from to 4.3 in July. The state had a net […]
Phoenix Data Center Market Showing Growth
By AZBEX Staff for Arizona Builder’s Exchange A report published last week by JLL shows the Phoenix area continues to generate strong demand and growth in the Data Center market. The market overview for the firm’s Data Center Outlook says, “Demand has been driven by increase in cloud computing and software-as-a-service companies, organic growth for […]
AZ Unemployment Steady; Const. Gains 1,700
By Roland Murphy for Arizona Builder’s Exchange Arizona’s seasonally adjusted unemployment rate held in July at 5.1 percent, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate dropped from 4.4 percent in June to 4.3 in July. The state had a net loss of 20,900 non-farm jobs over […]
AZ Unemployment Steady; Const. Gains 400
By Roland Murphy for Arizona Builder’s Exchange Arizona’s seasonally adjusted unemployment rate held in June at 5.1 percent, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate increased from 4.3 percent in May to 4.4 in June. The state had a net loss of 42,800 non-farm jobs over […]
AZ Unemployment Steady, Const. Gains 2,300
By Roland Murphy for Arizona Builder’s Exchange Arizona’s seasonally adjusted unemployment rate held steady in April at 5.0, according to a recent report published by the Arizona Office of Economic Opportunity. The national rate improved to 4.4 percent, down from 4.5 in March. The state had a net gain of 10,100 non-farm jobs over the […]
Contractor to Watch: Hensel Phelps
By Rebekah Morris for Arizona Builder’s Exchange Hensel Phelps is firing on all cylinders: From recently being selected as the General Contractor on the $690M Sky Train Stage 2 project for the City of Phoenix to the recent completion of the Luhr’s Building in downtown Phoenix, their breadth and depth of work in the local […]
AZBEX April Database Snapshot
By AZBEX Staff Since launching the AZBEX Database Aug. 1 of last year, we have been methodically – our researchers would say, “Frantically” – adding projects and expanding our coverage of major developments around the state. Currently, the database includes projects with construction values of $10M or more. Before July 1 that will be lowered […]