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November construction jumps 13 percent

NEW YORK – At a seasonally adjusted annual rate of $677.8 billion, new construction starts in November climbed 13 percent from the previous month, according to Dodge Data & Analytics (formerly McGraw Hill Construction). Nonresidential building had a particularly strong month, lifted by the start of several unusually large projects, including two massive manufacturing plants and an airport terminal redevelopment.

Home automation and control market worth $12.81 billion by 2020

DALLAS – According to a new market research report of “Home Automation and Control Market by Lighting Control (Occupancy Sensors, Relays, Transmitters), Security & Access Control (Video Surveillance, Biometric), HVAC Control (Heating & Cooling Coils, Pumps & Fans, Sensors), and Geography - Global Forecast to 2020”, published by MarketsandMarkets, the market is expected to grow at a CAGR of 11.36% between 2014 and 2020, and reach $12.81 Billion by 2020.

Hill International receives $56 million contract to manage Superstorm Sandy recovery efforts for New York City Transit

MARLTON, N.J. and NEW YORK – Hill International, the global leader in managing construction risk, announced that it has received a contract from the New York City Transit Authority (NYCT) to provide consultant construction management and inspection services for NYCT's Superstorm Sandy recovery efforts and other miscellaneous construction projects. The five-year, indefinite-quantity contract has an estimated value to Hill of approximately $55.8 million.

FMI evaluates crude oil price drops

HOUSTON – “The demise of the shale revolution is greatly exaggerated,” cites FMI in an analysis of the U.S. oil market given the recent drops in crude oil pricing. In its Q4 Oil and Gas Advisor, FMI notes per rig, per day earnings in the Bakken oil basin, among others, are nearly double that of 2012.

St. Albans project will help reduce chronic neighborhood flooding

NEW YORK – New York City Department of Environmental Protection (DEP) Commissioner Emily Lloyd joined with City Council Members I. Daneek Miller and Donovan Richards, as well as members of the Empowered Queens United in Action and Leadership (EQUAL) organization, to announce the completion of a project that included the installation of storm sewers and catch basins along 119th Avenue between 192nd Street and 195th Street.

Construction spending increases in October

WASHINGTON, D.C. – Construction spending increased in October amid growing public-sector demand for construction and continued modest growth in residential, according to an analysis by the Associated General Contractors of America. Association officials said the new spending figures underscore the need for measures to increase the supply of qualified construction workers as firms worry about growing labor shortages.

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