Philadelphia Construction Law Blog
According to the Raleigh, North Carolina based form FMI Corp., 2014 was a vastly better year than 2013 in terms of total construction in place (CPIP). The total for 2014 was $62 billion more – a 7 percent increase – than the year before. The gross number for 2014 was estimated to be around $972 billion. In even better news, the projected number for 2015 exceeds $1 trillion.
Continue Reading 2014 A Better Year For Construction In Place Numbers...
Tags: commercial construction, Construction News, Economy
One of the biggest commercial real estate brokerage firms in New Jersey is reporting some positive numbers for New Jersey’s real estate and construction economy. According to recent information released by the company, new industrial space was built at the fastest pace seen since 2002 last year. In addition, nearly 12 million square feet of existing tenant space was reabsorbed by the tenants back in the market.
Continue Reading Positive News on Real Estate and Construction Market in NJ...
Tags: Construction News, Economy, New Jersey
In a positive sign for the construction economy, noted economist Anirban Basu recently commented on the stability of prices for construction materials in the Producer Price Index. He found the steadiness of construction material pricing particularly important given all the factors that suggest it should have risen.
Continue Reading Economist Basu Comments On Stability Of Construction Materials Prices...
Tags: Basu, Construction Industry News, Delaware, Economy, materials, Materials Pricing, New Jersey, Pennsylvania
The American Institute of Architects recently released the results of its survey of economic conditions as it relates to the construction design industry. The data was not encouraging for the construction industry of Pennsylvania or New Jersey.
Continue Reading AIA Reports Bad Economic Numbers For Design Firms In Continuing Trend...
Tags: AIA, Architects And Design Professionals, Construction News, Economy, Pennsylvania
Some new numbers compiled by Battelle and R&D Magazine suggest that construction spending is on the rise in the research sector of the economy. It seems lab owners in all disciplines are interested in building new facilities or renovating existing ones in order to keep up with ever changing technological advances and to meet certain “green” goals or safety concerns.
Continue Reading Research Facility Construction Showing Signs of Life – Maybe, Maybe Not...
Tags: Construction Market Trends, Current Events in Construction, Economy