Construction spending rose 0.6 percent in July due to strong gains from the housing and nonresidential sectors. Residential spending will remain strong, but private nonresidential spending will be very uneven and public construction spending remains threatened. It was the strongest month for construction spending since 2009, with total construction activity increasing to a seasonally adjusted annual rate of $900.8 billion, according to the Commerce Department. Read the American City Business Journals/Kansas City, Mo. story here.
Skanska completes Portsmouth Marine Terminal offshore wind upgrade
Skanska has completed the redevelopment project for the Virginia Port Authority, upgrading 72 acres of Portsmouth Marine Terminal (PMT) and 1,500 feet of wharf that now serves as an offshore wind staging
