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.

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%.

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%.

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).

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.