NEW YORK (August 3, 2017) – During the first half of 2017, eight of the top ten metropolitan markets for commercial and multifamily construction starts ranked by dollar volume registered decreased activity compared to a year ago, according to Dodge Data & Analytics.  At the same time, metropolitan markets ranked 11 through 20 showed growth for nine of the ten markets, as smaller geographic areas are picking up the slack from the deceleration underway in those cities

WASHINGTON (August 1, 2017) — Nonresidential construction spending fell by 2 percent on a monthly basis in June 2017, totaling $697 billion on a seasonally adjusted, annualized basis according to an analysis of United States Census Bureau data released today by Associated Builders and Contractors. June represents the first month during which spending has dipped below the $700 billion per year threshold since January 2016.

DURHAM, N.C. (August 1, 2017) — Prescient announced they have been selected by JE Dunn for work on a mixed-use, four-building student housing project on the University of Oklahoma’s campus in Norman, Oklahoma. 

DETROIT, Mich. (July 2017) – Cheryl Smith, DeMaria’s office manager, celebrated 40 years at DeMaria this year! In 1977, Smith interviewed to join the DeMaria team. She walked into DeMaria’s Hubbell Street office in Detroit at only 19 years old and was offered the position by Joseph DeMaria Sr. that day. She has done a little bit of everything in order to help DeMaria be successful over the years, but her main responsibilities have always involved payroll.

VIRGINIA BEACH, Va. — STIHL Inc. hosted the sixth STIHL Manufacturing Technology Summer Camp at its United States headquarters in Virginia Beach, Va. July 26-27. The free camp developed in collaboration with Dream It. Do It.

CHICAGO (August 3, 2017) – A recent flash poll of construction companies on a webinar conducted by Baker Tilly Virchow Krause, LLP (Baker Tilly) found that 91 percent of respondents  felt “not at all” or only “somewhat prepared” to implement Accounting Standards Codification (ASC) 606 which provides guidance related to revenue from contracts with customers.

NEW YORK (August 7, 2017) – The Dodge Momentum Index fell in July, dropping 3.3 percent to 135.0 from its revised June reading of 139.6. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.