KMR Construction held it’s annual Christmas party at Perry’s Steakhouse & Grille on Thursday, Dec. 14. Kenny Roch, KMR’s president and founder, welcomed employees and business associates to share an elegant evening of festive celebration. Kenny expressed his appreciation to guests for their continued hard work and support; anticipating a 2018 filled with great success.
Happy Thanksgiving, from our family to yours. We are truly grateful for all that we have been given; wishing you a blessed and fulfilled holiday season.
Beautifully lit elevator lobby mastered by KMR Construction. Bonus: It led to an amazing view of our city!
The Astros are back in Houston after their historic World Series win. City officials will honor the Astros with a parade Friday, Nov. 3 in celebration of the team’s first MLB Championship victory. The parade will begin at 2 p.m., with city workers set to shut down the parade route beginning at 1 p.m. Immediately after the parade, there will be a rally outside Houston’s City Hall.
The Houston Astros are World Series champions. On Wednesday night in Los Angeles, the Astros won the franchise’s first-ever title by beating the Dodgers 5-1.
The Astros are back in Houston after their historic World Series win. City officials will honor the Astros with a parade Friday, Nov. 3 in celebration of the team’s first MLB Championship victory. The parade will begin at 2 p.m., with city workers set to shut down the parade route beginning at 1 p.m.
Immediately after the parade, there will be a rally outside Houston’s City Hall.
Happy Halloween! It’s trick or treat everyday for KMR office visitors…and staff. Our candy jar is full all year round. Stop by any time…we don’t even require a costume.
Astros win American League pennant! The first pitch of the World Series is scheduled for 7:09 p.m. on Tuesday.
The Greater-Houston area experienced a growth in volume of commercial construction projects during the first half of 2017. When held in comparison to the same period in 2016, commercial jobs increased 11 percent, while residential construction dropped four percent, according to Dodge Data and Analytics.
The rise in commercial development favorably indicates Houston’s economy is gaining momentum. Nonresidential construction in June 2017 was 38 percent higher than that of the previous year. In contrast, residential sales and home prices have reached record heights; and June 2017 numbers were 27 percent lower than those in 2016.
The end of the year will likely show similar demands for commercial development, if not an even greater surge in nonresidential contracting services. The United States is on track to deliver almost 48 million square feet of new space over the remaining three months. In a list compiled by a Yardi Matrix poll, Houston is among the top-ranking cities, nationally, at 17.
See The Houston Chronicle’s Commercial construction in Houston jumps as residential work slows by Dylan Baddour and CommercialCafe’s Top US Cities for Office Deliveries During Fall-Winter 2017 for more information on these topics.
The Houston Astros were victorious against the New York Yankees in the seventh game of the American League Championship Series with a 4-0 victory on Saturday, advancing to the World Series for the first time since 2005.
After losing three games in a row, ALCS MVP Justin Verlander pitched seven scoreless innings to help extend the series. Verlander has won all nine of his games since he joined the Astros.
The World Series kicks off Tuesday, Oct. 24 at 7:09 p.m. at Dodger Stadium.
Following an August we will not soon forget, Hurricane Harvey made landfall in Houston at the end of the month causing an estimated $198 billion in property damage. Hurricanes Irma, Maria and Nate followed shortly after, leaving Florida, Puerto Rico and Mississippi reeling with exorbitant rebuilding expenses.
Prior to the devastation that pummeled the Gulf Coast, commercial contractors reported in a third-quarter Commercial Construction Index survey that they anticipated revenue and profit margins to grow or remain stable over the next year. In fact, the 2017 Turner Building Cost Index registered a nearly five-percent hike in yearly comparisons of second quarters.
The aftermath of the storm saw the demand for construction materials rise. In the Houston area alone, Thomas Index Report, a firm linking buyers and sellers, recorded a 400-percent increase of drywall inquiries; 150-percent rise in plywood and 2,000-percent boost for hardwood flooring and concrete.
Vice President of Marketing at ThomsNet Shawn Fitzgerald believes the supply trend is not surprising considering the extent of the combined disasters. “With so much damage to businesses and infrastructure, sourcing trends in and around Houston have changed drastically in the weeks following its landfall as the areas look to rebuild and recover.”
In order to meet growing construction demands, contractors in many states are expanding employment numbers. Texas added 15,200 construction jobs over the last 12 months, up 2.2 percent when measured against figures from the prior year. While a sudden increase to the construction workforce in Texas may assist in some aspects of the recovery, Jeff Myers, a managing consultant for CoStar Portfolio Strategy, believes the flow will not be significant enough to guarantee project timelines or preserve low cost.
The surge in demand from multiple U.S. locations will further intensify the burden on material delivery times, as well as pricing in many other areas throughout the country.
For more on this topic, check out CoStar Group’s Storm Fallout: Rebuilding Likely to Drive Up Construction Costs, Delay Project Timetables Across US.