Jeffrey T.
Angley – Here’s Some Sorely-Needed Good News
As we brace for the after-math of the S&P downgrade of US credit, we thought we’d pass
along any good news we can find.
McGraw-Hill Construction reports that new construction
starts were up 15% in...
More
Jeffrey T.
Angley – Here’s Some Sorely-Needed Good News
As we brace for the after-math of the S&P downgrade of US credit, we thought we’d pass
along any good news we can find.
McGraw-Hill Construction reports that new construction
starts were up 15% in June over May figures, to the highest reading for the Dodge index this
year.
Nonresidential building surged 11%, nonbuilding (roads/infrastructure) climbed 34%
and residential building ticked up 1%.
The largest projects of nonresidential building were
privately-funded projects, which is a good sign.
Large projects are:
$160 million corporate campus in Houston, TX
$147 million federal building in Ft.
Snelling, MN
$75 million distribution center for Amazon.
com in SC
$60 million corporate campus renovation in Seattle, WA
$50 million hotel renovation in Philadelphia, PA
Institutional construction forged ahead 15%, with the aid of several large hospitals, and
entertainment/amusement construction was buoyed by several large projects to
Less
