The cost of construction products climbed 7.4 percent over the past year due to double digit increases in commonly-used materialsa, according to an analysis by the Associated General Contractors of America (AGCA)’s new Labor Department.
FMI Corporation, a management consulting and investment banking services company, has released its third quarter 2018 construction outlook. The publication offers comprehensive construction forecasts for a broad range of market segments and geographies across North America as well as information on key market drivers.
New construction starts in June increased 11 percent to a seasonally adjusted annual rate of $896.3 billion, reports Dodge Data & Analytics. This represents a second consecutive double-digit increase, following a 15 percent jump reported in May.
In light of JPMorgan’s announced plans to demolish the 215.5-m JPMorgan Chase Tower (formerly Union Carbide Building) in New York City, the Council on Tall Buildings and Urban Habitat released a report detailing the tallest buildings ever demolished worldwide.