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 […]
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.
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
The U.S. government has released a report stating that privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,283,000. This is 11.3% lower than the revised number for July and 14.8% lower than the same time last year. In August, there were 334,000 units in buildings with five units or more.
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 »
Realtor.com says not all corners of the U.S. are quite as “new-home parched” as others. They say there are many places across the nation where builders are putting up new homes to meet growing demand – especially in areas where the dollar stretches further. As you might have guessed, most of these locations are in
Where are America’s New Home-Building Boomtowns? Read More »
A new report from Realtor.com says a decade of under-building in America has led to a shortfall of 6.5 million single-family homes in the U.S. To come up with their conclusions, Realtor.com looked at household formation, housing starts, and home sales. They found that given how many households were formed between 2012 and 2022 the