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ABC Construction Backlog Indicator Rebounds in February

ABC Construction Backlog Indicator Rebounds in February

From forconstructionpros.com. “As predicted, the decreased backlog in the first month of the year reversed in February,” said Anirban Basu, ABC’s chief economist. “Low January readings are typically due to seasonal factors like the holidays and weather, but this year they were further affected by the federal government shutdown. In particular, the backlog in the infrastructure category increased significantly from January to February, which is consistent with the notion that the shutdown delayed a meaningful amount of contract signing.

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Construction Input Prices Continue to Increase in March

Construction Input Prices Continue to Increase in March

From forconstructionpros.com. Following a stretch of four consecutive months of input price decreases, March was the second straight month prices have risen in the aggregate.Construction input prices rose 1.7% in March on a monthly basis, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics data.. On a year-over-year basis, construction input prices are up 2.5%, and following a stretch of four consecutive months of input price decreases, March was the second straight month prices have risen in the aggregate.

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NJEDA Announces New Funding Source For Brownfields Redevelopment Projects

NJEDA Announces New Funding Source For Brownfields Redevelopment Projects

From JDSUPRA. The Brownfields Loan Program will provide a bridge loan of up to $5,000,000 to potential brownfield site purchasers and current owners for the costs to investigate and remediate site contamination, as well as for site building and structure related issues such as asbestos abatement.

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Fitchburg unveils vision for block grants

Fitchburg unveils vision for block grants

From Sentinal & Enterprise News. The city's proposed plan for how to use $1.05 million in Community Development Block Grant money would support 20 projects, including demolition, streetscape improvements, and housing inspection.

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How NDA Past President Scott Knightly built EnviroVantage into a leading historical restoration contractor

How NDA Past President Scott Knightly built EnviroVantage into a leading historical restoration contractor

From Construction & Demolition Recycling. Long before EnviroVantage became a $20-million- per-year demolition and abatement company, 19- year-old Scott Knightly was just looking for a summer job to pay for his junior year at the University of New Hampshire Whittemore School of Business.

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NDA Demolition Contractor Measures Project Success by More than Just Financials

NDA Demolition Contractor Measures Project Success by More than Just Financials

From forconstructionpros.com. On Oct. 7, 2018, a vacant warehouse in Allentown, PA, caught fire. The four-story brick-and-timber building located on the corner of Franklin and Gordon streets was a former manufacturing facility constructed in the early 1960s. By the next day, the building was completely consumed by a multi-alarm blaze that caused some collapse of the structure.

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Construction companies welcoming their new robot workers are driving the global market

Construction companies welcoming their new robot workers are driving the global market

From Cryptocurrencynews. Application of the robotics technology in a wide range of production processes across the globe has led to rise in the adoption of the technology at a rapid pace. In the last few years, robots are also being utilized in the construction industry. The construction robots market is projected to expand at a CAGR of 10.4% during the forecast period and reach value of US$ 470.61 Mn by 2026.

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Commerce investigates fabricated structural steel imports

Commerce investigates fabricated structural steel imports

From thefabricator.com. The U.S. opened a new front on the war against steel imports with the Feb. 28 announcement that the Department of Commerce was going to investigate possible dumping and subsidization of imported fabricated structural steel from Canada, China, and Mexico.

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Construction costs increased in February

Construction costs increased in February

According to AGC's Economist Ken Simonson, "Construction costs increased in February" for the 28th month in a row, IHS Markit and the Procurement Executives Group reported on Wednesday. "Materials and equipment prices rose in February,...with price increases recorded in eight of the 12 subcomponents. Similar to last month, steel categories had weak or flat pricing: prices for alloy steel pipe remained the same, while prices for fabricated structural steel and carbon steel pipe fell.

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Making Lemonade Out of Lemons: Opportunity Zones, Brownfields Redevelopment, and Environmental Considerations in Real Estate Deals

Making Lemonade Out of Lemons: Opportunity Zones, Brownfields Redevelopment, and Environmental Considerations in Real Estate Deals

From National Law Review. According to the PIDC, Philadelphia’s public-private economic development corporation, when an investor or developer chooses a project located in one of Philadelphia’s Opportunity Zones, they can also access existing local incentives to support business growth and development including a 10-year real estate tax abatement for new construction and renovations of residential and commercial property zones known as the Keystone Opportunity Zone. This incentive provides substantial relief from state and local taxes for qualified businesses located on Commonwealth-designated parcels of land, and flexible financing from the PIDC.

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