BreakingNews

September 27, 2017
                   
 
Market News

The Census Dept. updated the second quarter GDP growth to 3.1 percent, a healthy jump following a 1.2 percent increase from Jan-March. Economists expect the remainder of 2017 to grow at a similar pace. First time unemployment claims were slightly higher than expected at 272,000, but remain very low. Unemployment in Pittsburgh fell significantly year-over-year. Pittsburgh's unemployment rate decreased from 5.8 percent in August 2016 to 4.9 percent in August 2017. The negative side of the decline in unemployment is that the drop is driven by a decrease of 19,500 in the number of people in the labor force. The number of unemployed decreased by 11,800.

Michael Filoni accepts the James Kling Fellowship award on behalf of his father Albert. The honor is awarded by the AIA-MBA Joint Committee to the architect or contractor who exemplies the spirit of collaboration in the construction industry.

Project News  

The biggest project news is in the public sector right now. Two major highway projects have been put out to bid by PennDOT. Bids will be taken on Oct. 19 for a $25 million repair of what is called the "middle section" on I-79 near Harmony/Prospect and on Nov. 2 for the $70 million PA Rte. 31 interchange on I-70 in Westmoreland County. The State College Area School District's $55 million elementary school program is out-to-bid, due Oct. 31.  The new edition of BreakingGround features a look at the state of public construction.  Get a jump on print readers by viewing the digital version.

Healthcare remains one of the big drivers in the private sector, in spite of UPMC's decision to abandon plans for a new $220 million hospital at Newbury in South Fayette Township. The health system's five-year plan still includes $900 million in capital spending. Allegheny Health Network interviewed a short list of Mascaro, Mosites and Graziano for its new $15 million cancer center in Butler.

To keep up to date with the market check out  BuildingPittsburgh .  
Looking to see what's happening?

If you're planning an event for the construction or commercial real estate industries, check out the Industry Events Calendar at the Tall Timber Group website. (www.talltimbergroup.com

Double-check what else is going on in the industry on the dates you have in mind. Or check out what events you might want to attend. Interested in posting events? Email us for instructions.  
People News


Mosites Construction and Development moved its offices effective September 25. The new address is Hightower Office Park 400 Mosites Way, Suite 100 (Formerly Calgon Carbon Drive) Pittsburgh, PA 15205.
 
Nello Construction is relocating its offices effective September 30. The new address is 230 East Main Street  Carnegie, PA 15106
Coming Events

Rebuilding Together Pittsburgh IMPACT 2017, October 18
Rebuilding Together Pittsburgh will hold its annual gala on October 18 at Wigle Whiskey from 5:30 PM to 8:30 PM.  Go to RTP's website for more details.

Rebuilding Pgh logo

NAIOP Pittsburgh Night at the Fights, November 2
NAIOP Pittsburgh's annual Night at the Fights, benefitting Habitat for Humanity, will be held at the Omni William Penn on Thrusday, Nov. 2.  Click to learn more or to sponsor.


Pennsylvania Builders Exchange Cocktail Party, November 10
PABX is holding its annual cocktail party on Friday, November 10 from 6:00 to 9:00PM at the Rivers Casino.  Click to download the invitation/registration.

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Tall Timber Group is the publisher of BreakingGround and DEVELOPINGPittsburgh magazines and the Pittsburgh Homebuilding Report, and is a consultant for contractors and designers serving the construction and real estate market. For more information about our services, contact Jeff Burd or call:


Tall Timber Group
506B McKnight Park Dr.
Pittsburgh, Pennsylvania 15237
412-366-1857

www.talltimbergroup.com

 


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