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Here you will find the latest news and information from the construction industry. To keep up with the goings-on, don’t miss a thing by subscribing to our CBO Alert newsletter, as well as our all-product edition, the CBO Product Report.

  • Caterpillar’s 2023 Margin Forecast, Upbeat Results Send Shares to Record High
    Aug. 1, 2023 — Caterpillar Inc. said on Tuesday that strong demand for heavy machinery from construction and mining industries was expected to drive full-year operating margin near the top end of
    Read More →: Caterpillar’s 2023 Margin Forecast, Upbeat Results Send Shares to Record High

  • Dodge: Total Construction Starts Dip in June
    HAMILTON, N.J. (July 21, 2023) — Total construction starts fell 9% in June to a seasonally adjusted annual rate of $1 trillion, according to Dodge Construction Network. Nonresidential starts led the
    Read More →: Dodge: Total Construction Starts Dip in June

  • ABC: Monthly Construction Input Prices Unchanged in June, Inflation Slows
    WASHINGTON (July 13, 2023) — Construction input prices remained unchanged in June compared to the previous month, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor
    Read More →: ABC: Monthly Construction Input Prices Unchanged in June, Inflation Slows

  • Decline in Institutional Planning Drops Dodge Momentum Index Down 3% in June
    HAMILTON, N.J. (July 11, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, declined 2.5% in June to 197.3 (2000=100) from the revised May reading of 202.4. Over
    Read More →: Decline in Institutional Planning Drops Dodge Momentum Index Down 3% in June

  • Nonresidential Construction Spending Decreases in May, First Time in Nearly a Year, Says ABC
    WASHINGTON (July 3, 2023) — National nonresidential construction spending decreased 0.2% in May, according to an Associated Builders and Contractors (ABC) analysis of data published today by the U.S. Census Bureau. On
    Read More →: Nonresidential Construction Spending Decreases in May, First Time in Nearly a Year, Says ABC

  • Total Construction Starts Rebound in May
    HAMILTON, N.J. (June 20, 2023) — Total construction starts rose 8% in May to a seasonally adjusted annual rate of $1.11 trillion, according to Dodge Construction Network. Nonresidential starts rebounded following
    Read More →: Total Construction Starts Rebound in May

  • ABC’s Construction Backlog Indicator Holds Steady in May
    WASHINGTON (June 13, 2023) — Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator remained unchanged at 8.9 months in May, according to an ABC member survey conducted May
    Read More →: ABC’s Construction Backlog Indicator Holds Steady in May

  • Dodge Momentum Index Slides 2% in May Due to Weaker Commercial Planning
    HAMILTON, N.J. ( June 7, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 2.0% in May to 180.5 (2000=100) from the revised April reading of 184.1.
    Read More →: Dodge Momentum Index Slides 2% in May Due to Weaker Commercial Planning

  • Construction Business Owner Magazine & Avetta Present Webinar: ‘Leading With DE&I in Safety: A Guide for Construction Professionals’
    BIRMINGHAM, Ala. (June 7, 2023) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Avetta. The live, online event,
    Read More →: Construction Business Owner Magazine & Avetta Present Webinar: ‘Leading With DE&I in Safety: A Guide for Construction Professionals’

  • Skyjack Announces Retirement of President Ken McDougall, Appointment of Charlie Patterson
    GUELPH, Ontario (June 5, 2023) — Linamar Corporation’s Skyjack division announce the retirement of Skyjack President Ken McDougall, and subsequent appointment of Charlie Patterson as president, effective Jan. 1, 2024. The
    Read More →: Skyjack Announces Retirement of President Ken McDougall, Appointment of Charlie Patterson

  • US Hotel Developers Run Out of Cash as Construction Lending Dries Up
    June 5, 2023 — Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans’ appetite
    Read More →: US Hotel Developers Run Out of Cash as Construction Lending Dries Up

  • Construction Business Owner Magazine & AvidXchange Present Webinar: ‘How Labor Shortages & Virtual Work Are Changing Purchase-to-Pay Processes’
    BIRMINGHAM, Ala. (June 1, 2023) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with AvidXchange. The live, online event,
    Read More →: Construction Business Owner Magazine & AvidXchange Present Webinar: ‘How Labor Shortages & Virtual Work Are Changing Purchase-to-Pay Processes’

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