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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.

  • Florida Headlines Associated Builders & Contractors Merit Shop Scorecard
    WASHINGTON (Dec. 21, 2021) — Associated Builders and Contractors (ABC) has released its seventh annual Merit Shop Scorecard, a ranking based on state policies and programs that encourage workforce development, grow career
    Read More →: Florida Headlines Associated Builders & Contractors Merit Shop Scorecard

  • Construction Jobs Exceed Pre-Pandemic Level in Only 18 States
    ARLINGTON, Va. (Dec. 20, 2021) — Only 18 states and Washington, D.C., have added construction jobs since just before the start of the pandemic in February 2020. This is despite a
    Read More →: Construction Jobs Exceed Pre-Pandemic Level in Only 18 States

  • Trimble Acquires AgileAssets to Expand its Infrastructure Software Solutions Portfolio
    SUNNYVALE, Calif. (Dec. 15, 2021) — Trimble has announced it has acquired AgileAssets, a provider of enterprise infrastructure asset management software to private organizations and government, including national road authorities and
    Read More →: Trimble Acquires AgileAssets to Expand its Infrastructure Software Solutions Portfolio

  • Autodesk to Acquire Cloud Based Estimating Company ProEst
    SAN FRANCISCO (Dec. 16, 2021) — Autodesk, Inc. has announced that it is acquiring ProEst, a cloud-based estimating solution that enables construction teams to create estimates, perform digital takeoffs, generate detailed reports and
    Read More →: Autodesk to Acquire Cloud Based Estimating Company ProEst

  • Hyundai Construction Equipment to Acquire Whole Stake of Korea Shipbuilding & Offshore Engineering Co. Overseas Units
    SEOUL, South Korea (Nov. 16, 2021) — Hyundai Construction Equipment Co. plans to acquire the whole stake in two overseas units of its affiliate Korea Shipbuilding & Offshore Engineering Co. to
    Read More →: Hyundai Construction Equipment to Acquire Whole Stake of Korea Shipbuilding & Offshore Engineering Co. Overseas Units

  • Fieldwire Joins Hilti Group
    SCHAAN, Fla. (Nov. 16, 2021) — The Hilti Group has entered into an agreement to acquire Fieldwire, a San Francisco-based construction technology company, for an approximate $300 million. The strategic acquisition will bring
    Read More →: Fieldwire Joins Hilti Group

  • John Deere to Acquire Majority Ownership in Kreisel Electric
    MOLINE, Ill. (Dec. 16, 2021) — Deere & Company has signed a definitive agreement to acquire majority ownership in Kreisel Electric, Inc., a battery technology provider based in Rainbach im Mühlkreis, Austria. Kreisel develops
    Read More →: John Deere to Acquire Majority Ownership in Kreisel Electric

  • Total Construction Falls Sharply In November
    HAMILTON, N.J. (Dec. 16, 2021) — Total construction starts fell 14% in November to a seasonally adjusted annual rate of $867.8 billion, according to Dodge Construction Network. Nonbuilding and nonresidential building
    Read More →: Total Construction Falls Sharply In November

  • Demand for Design Services Continues to Grow
    WASHINGTON (Dec. 15, 2021) — Architecture firms reported increasing demand for design services for the tenth consecutive month in November, according to a report from The American Institute of Architects (AIA). The ABI
    Read More →: Demand for Design Services Continues to Grow

  • 2022 Economic Outlook Forecasts 4.6% Expansion in Equipment & Software Investment Growth
    WASHINGTON (Dec. 15, 2021) — Low financial stress, an expanding housing sector and increased federal spending on infrastructure are expected to propel equipment and software investment growth of 4.6% for 2022.
    Read More →: 2022 Economic Outlook Forecasts 4.6% Expansion in Equipment & Software Investment Growth

  • Steep Increases in Materials Costs Adding to Squeeze on Contractor Margins
    ARLINGTON, Va. (Dec. 15, 2021) — Prices of numerous construction materials soared again in November, outpacing the rate at which contractors raised their bid prices, according to an analysis by the Associated General
    Read More →: Steep Increases in Materials Costs Adding to Squeeze on Contractor Margins

  • Monthly Construction Input Prices Continue to Climb in November
    WASHINGTON (Dec. 14, 2021) — Construction input prices increased 1.4% in November compared to the previous month, according to an Associated Builders and Contractors (ABC) analysis of the U.S. Bureau of Labor Statistics’ Producer
    Read More →: Monthly Construction Input Prices Continue to Climb in November

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