Construction Industry News

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. Over the month, the commercial component of the DMI fell 6.1%, while the institutional component improved 5.6%.

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.

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 two will be working together over the next several months to ensure a seamless transition for the organization.

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 for travel is ripe.

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, “How Labor Shortages & Virtual Work Are Changing Purchase-to-Pay Processes,” will take place June 22, 2023, at 1 p.m. CDT and will review common pain points and solutions.

Registration is free at constructionbusinessowner.com/webinars.

HAMILTON, N.J. (May 18, 2023) — Total construction starts fell 4% in April to a seasonally adjusted annual rate of $1.04 trillion, according to Dodge Construction Network. Nonresidential starts led the drop as manufacturing fell 22% following strong performance in March. To balance the decline, nonbuilding starts rose 7%, and residential building stats gained 12%.

Cincinnati, Ohio (May 25, 2023) — Kyocera Senco Industrial Tools (SENCO), a global provider of fasteners and power fastening tools, has announced the opening of its official global headquarters in Cincinnati, Ohio. The newly renovated facility will bring employees from all Senco divisions under the same roof, allowing closer collaboration and improved quality control, as well as fostering innovation.

WASHINGTON (May 16, 2023) — Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator increased to 8.9 months in April from 8.7 in March, according to an ABC member survey conducted April 20 to May 3. The reading is 0.1 months higher than in April 2022.

ANAHEIM, Calif. (May 22, 2023) — Isuzu Commercial Truck of America Inc., distributor of Isuzu commercial vehicles in the U.S., announced that Matthew A. Mesick has been appointed as the company’s first director, EV strategies. The creation of the position comes just two months after the company announced that its first all-electric truck for the U.S. and Canadian markets will begin production late in the first quarter of 2024.

HAMILTON, N.J. (May 5, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 5.1% in April to 180.9 (2000=100) from the revised March reading of 190.6. In April, the commercial component of the DMI fell 8.0%, and the institutional component improved 0.3%.

VIENNA, Va — The Construction Management Association of America (CMAA) and the National Association of Women in Construction (NAWIC) have signed a cooperating agreement.

WASHINGTON (May 5, 2023) — The construction industry added 15,000 jobs on net in April, according to an Associated Builders and Contractors (ABC) analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment expanded by 205,000 jobs, an increase of 2.7%.

BIRMINGHAM, Ala. (May 3, 2023) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Deltek.

The live, online event, “Get Paid Faster With Cash Flow Management,” will take place May 25, 2023, at 1 p.m. CDT and will highlight different billing methods and best practices for collecting receivables to ensure timely payments.

HAMILTON, N.J. (April 20, 2023) — Total construction starts increased 19% in March to a seasonally adjusted annual rate of $1.09 trillion, according to Dodge Construction Network. During the month, nonresidential starts rose 33%, nonbuilding starts increased 17%, and residential starts moved 5% higher.

ANAHEIM, Calif —  Hino Trucks has signed a distribution agreement with Hexagon Purus to exclusively distribute a complete battery electric tractor. This tractor will utilize Hexagon Purus’ proprietary zero-emission technology, including battery systems, auxiliary modules, power modules and the vehicle-level software and is developed to operate on Hino’s XL 4x2 tractor cab chassis.

WASHINGTON (April 11, 2023) — Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator declined to 8.7 months in March, according to an ABC member survey conducted March 20 to April 3. The reading is 0.4 months higher than in March 2022.

View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for March. View the historic Construction Backlog Indicator and Construction Confidence Index data series.

BIRMINGHAM, Ala. (April 24, 2023) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Rivet.

The live, online event, “Adopting Labor Operations Software for Contractors,” will take place May 18, 2023, at 1 p.m. CDT and will share insights into why labor operations software matters, what to watch for, and the impact it can have on your business.

HAMILTON, N.J. (April 7, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, slipped 8.6% in March to 183.7 (2000=100) from the revised February reading of 201.0. In March, the commercial component of the DMI fell 6.6%, and the institutional component decreased 12.9%.

BIRMINGHAM, Ala. (April 12, 2023) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Quickbase.

The live, online event, “Maximizing Productivity & Minimizing Costs: Building a Master Plan for Construction Project Data,” will take place April 27, 2023, at 1 p.m. CDT and will address the root cause of construction project delays and how to tackle them.

WASHINGTON (April 7, 2023) — The construction industry lost 9,000 jobs on net in March, according to an Associated Builders and Contractors (ABC) analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has grown by 196,000 jobs, an increase of 2.5%.