HAMILTON, N.J. (April 20, 2023) — Total construction starts increased 19% in March to a seasonally adjusted annual rate of $1.09 trillion, according to Dodge Construction Network. During the month, nonresidential starts rose 33%, nonbuilding starts increased 17%, and residential starts moved 5% higher.
ANAHEIM, Calif — Hino Trucks has signed a distribution agreement with Hexagon Purus to exclusively distribute a complete battery electric tractor. This tractor will utilize Hexagon Purus’ proprietary zero-emission technology, including battery systems, auxiliary modules, power modules and the vehicle-level software and is developed to operate on Hino’s XL 4x2 tractor cab chassis.
WASHINGTON (April 11, 2023) — Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator declined to 8.7 months in March, according to an ABC member survey conducted March 20 to April 3. The reading is 0.4 months higher than in March 2022.
BIRMINGHAM, Ala. (April 24, 2023) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Rivet.
HAMILTON, N.J. (April 7, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, slipped 8.6% in March to 183.7 (2000=100) from the revised February reading of 201.0. In March, the commercial component of the DMI fell 6.6%, and the institutional component decreased 12.9%.
BIRMINGHAM, Ala. (April 12, 2023) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Quickbase.
WASHINGTON (April 7, 2023) — The construction industry lost 9,000 jobs on net in March, according to an Associated Builders and Contractors (ABC) analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has grown by 196,000 jobs, an increase of 2.5%.
HAMILTON, NJ (March 21, 2023) — Total construction starts rose 6% in February to a seasonally adjusted annual rate of $912.8 billion, according to Dodge Construction Network. During the month, residential and nonresidential building starts rose 11% and 9% respectively, and nonbuilding starts declined by 5%.
WASHINGTON (March 14, 2023) — Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator increased to 9.2 months in February, according to an ABC member survey conducted Feb. 20 to March 6. The reading is 1.2 months higher than in February 2022.
HAMILTON, N.J. (March 7, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, advanced 1.9% in February to 203.0 (2000=100) from the revised January reading of 199.3. In February, the commercial component of the DMI rose 1.4%, and the institutional component increased 2.9%.
WEST FARGO, N.D. (March 9, 2023) — Doosan Bobcat Inc., a company within Doosan Group, has announced its global branding strategy to create business and growth opportunities for the Doosan Bobcat product portfolio.
WASHINGTON (March 1, 2023) — National nonresidential construction spending increased by 0.3% in January, according to an Associated Builders and Contractors (ABC) analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $968.7 billion for the month.
HAMILTON, NJ (Feb. 22, 2023) — Total construction starts fell 27% in January to a seasonally adjusted annual rate of $865.6 billion, according to Dodge Construction Network. During the month, nonresidential building starts fell 38%, residential starts lost 20%, and nonbuilding starts declined by 16%.
BIRMINGHAM, Ala. (Feb. 27, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Divvy.
WASHINGTON (Feb. 16, 2023) — The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering more evidence of the economy's resilience despite tighter monetary policy.
NOVI, Mich. (Feb. 14, 2023) — Hino Motors Manufacturing U.S.A. Inc. announced a new management structure that places emphasis on North American expertise and a refined focus on responsibilities. The new management team, including president, chief operating officer (COO) and executive vice president (VP), represents decades of experience in the U.S. and brings together a formidable knowledge of manufacturing, compliance and strategy from Hino globally.
WASHINGTON (Feb. 14, 2023) — Associated Builders and Contractors (ABC) reports that its Construction Backlog Indicator declined 0.2 months to 9.0 in January, according to an ABC member survey conducted Jan. 20 to Feb. 3. The reading is 1.0 month higher than in January 2022.
HAMILTON, N.J. (Feb. 7, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 8.4% in January to 201.5 (2000=100) from the revised December reading of 220.0. In January, the commercial component of the DMI fell 10.0%, and the institutional component receded 4.7%.
NOVI, Mich. (Feb. 6, 2023) — Hino Trucks announced the appointment of Glenn Ellis to the position of president and chairman of the board for Hino Trucks, effective Feb. 1, 2023. Ellis succeeds Shigehiro Matsuoka, who retired after holding the position for four years, and will become the first U.S.-born president of Hino Trucks. In addition, Ellis will also serve as an officer of Hino Motors Limited, Hino Trucks' parent company.
