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Construction spending in the U.S. experiences a slight decrease once more in July

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U.S. Construction Spending in July 2024 The U.S. government is reporting that total construction spending in July, 2024 was at a seasonally adjusted annual rate of $2,162.7 billion, which is 0.3% lower than June’s revised number. However, July’s revised estimate is 6.7% higher than one year ago. Residential construction came in at a seasonally adjusted […]

Construction spending in the U.S. experiences a slight decrease once more in July Read More »

Construction spending in the U.S. experienced a slight decrease once again in June.

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The U.S. government has reported that total construction spending in June 2024 was at a seasonally adjusted annual rate of $2,148.4 billion, which is 0.3% lower than May’s revised number. However, June’s revised estimate is 6.2% higher than one year ago. Residential construction was at a seasonally adjusted annual rate of $928 billion in June,

Construction spending in the U.S. experienced a slight decrease once again in June. Read More »

Construction spending in the U.S. experienced a modest decrease in May.

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According to a report from the U.S. government, total construction spending in May 2024 reached a seasonally adjusted annual rate of $2,139.8 billion, marking a 0.1% decrease from the revised April figure. However, the revised estimate for May shows a 6.4% increase compared to the previous year. Residential construction was at a seasonally adjusted annual

Construction spending in the U.S. experienced a modest decrease in May. Read More »

Availability of Lots for New Homes Drops Year-Over-Year

The number of available lots for new homes has decreased compared to the previous year.

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According to the most recent New Home Lot Supply report from Zonda, in Q1 2024, there was a tightening of lot supply year-over-year across the U.S. The report notes that lot inventory remains “significantly undersupplied” in most markets, and this trend reflects the increased construction activity in recent quarters. Ali Wolf, the chief economist at

The number of available lots for new homes has decreased compared to the previous year. Read More »

Groom Construction Celebrates Completion of $14 Million Coolidge Corner Theatre Expansion

Groom Construction is proud to announce the successful completion of the $14 million expansion project at Coolidge Corner Theatre.

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Groom Construction, Co., Inc. has successfully finished the construction of the Coolidge Corner Theatre in Brookline, MA. The $14 million expansion project was officially unveiled at a ribbon cutting ceremony on March 26, 2024, and opened its doors to the public the following day. Working in collaboration with the award-winning architecture firm Höweler + Yoon,

Groom Construction is proud to announce the successful completion of the $14 million expansion project at Coolidge Corner Theatre. Read More »

U.S. Construction Spending Up 0.4% in September - Real Estate Investing Today

September saw a 0.4% increase in U.S. construction spending, according to the latest report from Real Estate Investing Today.

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According to a report by the U.S. government, total construction spending in September 2023 reached a seasonally adjusted annual rate of $1,996.5 billion. This represents a 0.4% increase compared to the revised estimate for August and an 8.7% increase compared to the same period last year. Residential construction also saw growth, with a seasonally adjusted

September saw a 0.4% increase in U.S. construction spending, according to the latest report from Real Estate Investing Today. Read More »

Callahan Construction to Complete Expansion of Continuing Care Neighborhood at Linden Ponds

Callahan Construction to Successfully Finish Expansion of Continuing Care Neighborhood at Linden Ponds

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BOSTON– Callahan Construction Managers has been awarded the contract to construct a new, $25 million two-story 59,000 SF continuing care neighborhood expansion at Linden Ponds, a retirement community managed by Erickson Senior Living in Hingham, Massachusetts. A groundbreaking ceremony took place on May 25, 2023, with the new residents anticipated to move in early 2025.

Callahan Construction to Successfully Finish Expansion of Continuing Care Neighborhood at Linden Ponds Read More »

Craig Chisholm of JM Electrical Appointed as the Construction Financial Management Association’s Board President

Craig Chisholm, a member of JM Electrical, has been appointed as the Board President of the Construction Financial Management Association (CFMA).

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Craig Chisholm BOSTON – JM Electrical announced that Craig Chisholm has been appointed as President of the Board for the Construction Financial Management Association (CFMA) New Hampshire Chapter. Chisholm brings extensive financial expertise and leadership experience to the nonprofit organization. He has served as the Director of Finance at JM Electrical and is also an

Craig Chisholm, a member of JM Electrical, has been appointed as the Board President of the Construction Financial Management Association (CFMA). Read More »

Erland Construction Completes New Mixed-Use Property in Beverly, MA

Erland Construction Successfully Finishes New Mixed-Use Property in Beverly, MA

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Beverly, MA– Erland Construction has completed the construction of a new 6-story mixed-use property in Beverly, MA in collaboration with SV Design. Developed by Beverly Crossing, the Block at Odell Park is a 167,230-square-foot property that features 106 residential units, 9,000 square feet of retail space, and various amenities. Located in the heart of Beverly,

Erland Construction Successfully Finishes New Mixed-Use Property in Beverly, MA Read More »

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