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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.

  • Dodge Construction Network Reports Total Construction Starts Increase 9% in February
    HAMILTON, N.J. (March 16, 2022) — Total construction starts rose 9% in February to a seasonally adjusted annual rate of $1.013 trillion, according to Dodge Construction Network. Nonresidential building starts swelled 32% due
    Read More →: Dodge Construction Network Reports Total Construction Starts Increase 9% in February

  • Construction Employment Surges in February to Near Pre-Pandemic Levels, Says ABC
    WASHINGTON (March 4, 2022) — The construction industry added 60,000 jobs on net in February, according to an Associated Builders and Contractors (ABC) analysis of data released today by the U.S. Bureau
    Read More →: Construction Employment Surges in February to Near Pre-Pandemic Levels, Says ABC

  • Construction Business Owner Magazine & Fulcrum Present Webinar: ‘Don’t Let Rework Devastate Your Deadlines’
    BIRMINGHAM, Ala. (March 2, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Fulcrum. The live, online event,
    Read More →: Construction Business Owner Magazine & Fulcrum Present Webinar: ‘Don’t Let Rework Devastate Your Deadlines’

  • Associations Speak Out: Industry Takes on Biden’s State of the Union Address
    WASHINGTON, D.C. (March 1, 2022) — Today, U.S. President Joe Biden spoke to the nation in his State of the Union address, in which he hit on many expected points of
    Read More →: Associations Speak Out: Industry Takes on Biden’s State of the Union Address

  • ABC: Construction Industry Faces Workforce Shortage of 650,000 in 2022
    WASHINGTON (Feb. 23, 2022) — The construction industry will need to attract nearly 650,000 additional workers on top of the normal pace of hiring in 2022 to meet the demand for labor, according
    Read More →: ABC: Construction Industry Faces Workforce Shortage of 650,000 in 2022

  • ARA Forecast for Equipment Rental Revenue Growth Continues to Be More Positive
    MOLINE, Ill. (Feb. 21, 2022) — The latest updated quarterly American Rental Association (ARA) forecast for equipment rental revenue now calls for a 10.2% increase in 2022 to reach $52.7 billion in
    Read More →: ARA Forecast for Equipment Rental Revenue Growth Continues to Be More Positive

  • Materials Prices Soar 20% Over the Last Year; Bid Prices Accelerate but Continue to Lag Cost Increases
    ARLINGTON, Va. (Feb. 15. 2022) — Prices of construction materials jumped more than 20% from January 2021 to January 2022, according to an analysis by the Associated General Contractors of America (AGC) of
    Read More →: Materials Prices Soar 20% Over the Last Year; Bid Prices Accelerate but Continue to Lag Cost Increases

  • Biden to Launch ‘Buy Clean’ US Government Task Force
    WASHINGTON (Feb. 15, 2022) — The White House announced on Tuesday a new task force to promote use of construction materials with lower life cycle emissions as it works to speed
    Read More →: Biden to Launch ‘Buy Clean’ US Government Task Force

  • President Biden, USDOT & USDOE Announce $5B Over Five Years for National EV Charging Network
    WASHINGTON, D.C. (Feb. 10, 2022) ‘ The U.S. Departments of Transportation and Energy today announced nearly $5 billion that will be made available under the new National Electric Vehicle Infrastructure (NEVI)
    Read More →: President Biden, USDOT & USDOE Announce $5B Over Five Years for National EV Charging Network

  • Biden to Sign Executive Order Requiring Project Labor Agreements in Federal Construction Projects Over $35M
    WASHINGTON (Feb. 4, 2022) ‘ According to Reuters, U.S. President Joe Biden is set to’sign an executive order today requiring project labor agreements (PLA) in federal construction projects over $35 million
    Read More →: Biden to Sign Executive Order Requiring Project Labor Agreements in Federal Construction Projects Over $35M

  • Construction Business Owner Magazine & Arcoro Present Webinar: ‘Why You Can’t Hire Your Way Out’
    BIRMINGHAM, Ala. (Jan. 31, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Arcoro. The live, online event,
    Read More →: Construction Business Owner Magazine & Arcoro Present Webinar: ‘Why You Can’t Hire Your Way Out’

  • US Economy Grows in Q4, Investment in Structures Declines Again
    WASHINGTON (Jan. 27, 2022) — The U.S. economy grew at a 6.9% annualized rate in the fourth quarter of 2021, according to an Associated Builders and Contractors (ABC) analysis of data released
    Read More →: US Economy Grows in Q4, Investment in Structures Declines Again

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