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New-home construction plunges in February

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Builders broke ground last month on the fewest homes in nearly two years, a reflection of declines in home prices and diminished demand that has made it difficult for them to compete. The Commerce Department says home construction plunged to a seasonally adjusted 479,000 homes last month, down 22.5 percent from the previous month. It… Continue Reading New-home construction plunges in February

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October housing construction falls sharply

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Construction of new homes fell in October, fresh evidence that the housing industry remains under duress. Construction of new homes and apartments sank 11.7 percent last month to a seasonally adjusted annual rate of 519,000 units, the Commerce Department said Wednesday. But that was mainly because apartment construction, which represents less than 20 percent of… Continue Reading October housing construction falls sharply

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Home construction rose slightly last month on the strength of single-family homes, but the market was still too weak to propel growth in the battered industry. Construction of new homes and apartments rose 0.3 percent in September from a month earlier to a seasonally adjusted annual rate of 610,000, the Commerce Department said Tuesday. It… Continue Reading Home starts rises slightly, building permits fall

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Construction industry begins to recover jobs

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Construction employment expanded in 56 out of 337 metropolitan areas between August 2009 and August 2010 according to a new analysis of federal employment data released this week by the Associated General Contractors of America. More cities added construction jobs during the past year than at any point since September 2008, indicating that the worst… Continue Reading Construction industry begins to recover jobs

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Construction activity declines 1 percent in July

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Construction spending tumbled in July to the lowest level in a decade, as the housing market struggles in the weak economy and without a popular home-buying tax credit. Construction activity dropped 1 percent in July, the third straight monthly decline, the Commerce Department said Wednesday. Government revisions showed much weaker activity than previously reported for… Continue Reading Construction activity declines 1 percent in July

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Lawyer one who knows the rules of the road

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Eleven-mile mountain road jobs don’t come along every day for highway construction firms. This one would be worth millions of dollars to the winning bidder, Colorado Springs-based Schmidt Construction. The project was completed on time and on budget in 2001, but within a few weeks the county officials who awarded the contract called, accusing the… Continue Reading Lawyer one who knows the rules of the road

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CDOT opens bids on C-470 project

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The Colorado Department of Transportation opened bids today for the reconstruction of the C-470 and Santa Fe Drive interchange, a project that will use up the last of the agency’s federal stimulus money that it’s already been granted. Stimulus money will pay about $4.6 million of the total project. The rest of the project will… Continue Reading CDOT opens bids on C-470 project

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G.E. Johnson selected for Visual Arts Building

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Colorado Springs-based G.E. Johnson Construction Co. has been awarded a contract to build a $27 million visual arts building at the University of Wyoming in Laramie. The two-level 83,750-square-foot facility will contain studios for drawing, sculpture, metalworking, ceramics, printmaking and related support facilities. Johnson will pursue U.S. Green Building Council Leadership in Energy and Environment… Continue Reading G.E. Johnson selected for Visual Arts Building

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Construction costs, which had been relatively low throughout the nation for much of the past year, are beginning to climb at an increasing rate. With El Paso County commercial and residential construction starts stalled at near-2000 levels, logic suggests that the cost of building materials would remain low as well. But pressures from a global… Continue Reading Construction-cost plateau ending as ascent quickens

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Selection of a general contractor to complete interior work on the U.S. Olympic Committee headquarters building at 27 S. Tejon St. will be handled through a formal city bid process. “There is no inside track,” said city spokeswoman Sue Skiffington-Blumberg. Lee Jenniges will be the city’s contact for the project award. The deadline for responses to the… Continue Reading RFP published to finish USOC building

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