News

HAMILTON, N.J. (Nov. 17, 2022) — Total construction starts rose 8% in October to a seasonally adjusted annual rate of $1.12 trillion, according to Dodge Construction Network. In October, nonresidential building starts gained 9%, and nonbuilding starts rose 26%; however, residential starts fell by 3%.

BIRMINGHAM, Ala. (Nov. 21, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Divvy.

STAMFORD, Conn. (Nov. 14, 2022) — United Rentals, Inc. today announced that the company has entered into a definitive agreement to acquire the assets of family-owned Ahern Rentals, Inc. for approximately $2.0 billion in cash. The board of directors of United Rentals unanimously approved the agreement. The transaction is expected to close prior to year-end 2022, subject to customary conditions.

WASHINGTON (Nov. 15, 2022) — Associated Builders and Contractors (ABC) reports today that its Construction Backlog Indicator declined to 8.8 months in October, according to an ABC member survey conducted October 20 to November 4. The reading is 0.7 months higher than in October 2021.

BIRMINGHAM, Ala. (Nov. 8, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Avetta.

HAMILTON, N.J. (Nov. 7, 2022) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 9.6% (2000=100) in October to 199.7 from the revised September reading of 182.2. During the month, the DMI continued its steady ascent, with the commercial component rising 13%, and the institutional component ticking up 2.9%.

Birmingham, Ala. (Nov. 7, 2022) — Construction Business Owner (CBO), the leading business magazine for contractors, is pleased to announce the nine finalists of its Outstanding Women in Construction (OWIC) 2022 honor.

WASHINGTON (Nov. 1, 2022) — The construction industry had 422,000 job openings in September, according to an Associated Builders and Contractors’ (ABC) analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS). JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 36,000 last month and are up 74,000 from a year ago.

HAMILTON, N.J. (Oct. 20, 2022) — Total construction starts decreased 19% in September to a seasonally adjusted annual rate of $1.02 trillion, according to Dodge Construction Network. In September, nonresidential building starts dropped 23%, residential starts fell 11% and nonbuilding starts declined by 25%.

BIRMINGHAM, Ala. (Oct. 20, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Hitachi Solutions.

WASHINGTON (Oct. 17) — Associated Builders and Contractors (ABC) today announced its strong support of the second annual Construction Inclusion Week, which kicks off today, and the need to champion and foster inclusion, diversity and equity throughout the construction industry.

HAMILTON, N.J. (Oct. 7, 2022) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 5.7% (2000=100) in September to 183.2 from the revised August reading of 173.4. The DMI is a monthly measure of the initial report for nonresidential building projects in planning, shown to lead construction spending for nonresidential buildings by a full year.

WASHINGTON (Oct. 4, 2022) — The construction industry had 407,000 job openings in August, according to an Associated Builders and Contractors (ABC) analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS).

BIRMINGHAM, Ala. (Oct. 4, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Deltek + ComputerEase.

BIRMINGHAM, Ala. (Sept. 28, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Raken.

WASHINGTON — The U.S. Department of Labor today announced the award of $11,746,992, in grants to support worker and employer education to make workplaces around the nation safer and healthier.

BIRMINGHAM, Ala. (Sept. 28, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with WestPac Wealth Partners.

DETROIT, MI — At the North American International Auto Show, President Biden announced that the Federal Highway Administration has approved more than two-thirds of Electric Vehicle (EV) Infrastructure Deployment Plans from States, the District of Columbia and Puerto Rico ahead of schedule.

SUNNYVALE, Calif (Sept. 14, 2022) — Trimble announced today it has acquired privately-held B2W Software, a leading provider of estimating and operations solutions for the heavy civil construction industry. Financial terms were not disclosed.

HAMILTON, N.J. (Sept. 8, 2022) — The Dodge Momentum Index (DMI) ticked down by 1.2% in August to 171.9 from the revised July figure of 174.0.