Welcome to our Construction Industry News page, where we bring you the latest updates on mergers and acquisitions, key new hires, and significant industry shifts. Stay informed with breaking news and in-depth reporting to keep up with the fast-paced changes shaping the construction business.
HAMILTON, N.J. (Jan. 9, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 6.6% (2000=100) in December to 222.2 from the revised November reading of 208.3. In December, the commercial component of the DMI rose 8.4%, and the institutional component ticked up 2.7%.
WASHINGTON (Jan. 6, 2023) — The construction industry added 28,000 jobs on net in December, according to an Associated Builders and Contractors (ABC) analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 231,000 jobs or 3.1%.
HAMILTON, N.J. (Dec. 19, 2022 ) — Total construction starts fell 18% in November to a seasonally adjusted annual rate of $926.3 billion, according to Dodge Construction Network. During the month, nonresidential building starts lost 25%, nonbuilding shed 21%, and residential starts dropped 5%.
BIRMINGHAM, Ala. (Jan. 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, “The Basics of Construction Accounting,” will take place Jan. 26, 2023, at 1 p.m. CST and will highlight the how contractors can improve their practical knowledge of accounting fundamentals.
Registration is free at constructionbusinessowner.com/webinars.
BIRMINGHAM, Ala. (Dec.
WASHINGTON (Dec. 13, 2022) — Associated Builders and Contractors (ABC) reports that its Construction Backlog Indicator increased to 9.2 months in November, according to an ABC member survey conducted Nov. 21 to Dec. 6. The reading is 0.8 months higher than in November 2021.
View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for November 2022.
WASHINGTON (Dec. 14, 2022) — After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialing back its efforts to combat inflation.
HAMILTON, N.J. (Dec. 7, 2022) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 3.8% (2000=100) in November to 207.2 from the revised October reading of 199.6. During the month, the DMI continued its steady ascent, with the commercial component rising 4.3%, and the institutional component ticking up 2.7%.
WASHINGTON (Dec. 2, 2022) — The construction industry added 20,000 jobs on net in November, according to an Associated Builders and Contractors (ABC) analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 248,000 jobs, an increase of 3.3%.
HAMILTON, N.J. (Nov. 17, 2022) — Total construction starts rose 8% in October to a seasonally adjusted annual rate of $1.12 trillion, according to Dodge Construction Network. In October, nonresidential building starts gained 9%, and nonbuilding starts rose 26%; however, residential starts fell by 3%.
BIRMINGHAM, Ala. (Nov. 21, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Divvy.
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.
View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for October 2022.
BIRMINGHAM, Ala. (Nov. 8, 2022) — 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, “Risks That Can Kill,” will take place Dec. 1, 2022, at 1 p.m. CST and will highlight new strategies and tools to keep workers safe.
Registration is free at constructionbusinessowner.com/webinars.
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%.
Birmingham, Ala. (Nov. 7, 2022) — Construction Business Owner (CBO), the leading business magazine for contractors, is pleased to announce the nine finalists of its Outstanding Women in Construction (OWIC) 2022 honor.
OWIC was designed to recognize industry-leading females and their skills, achievements and contributions to the construction industry. The nine finalists selected for OWIC 2022 are:
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%.
BIRMINGHAM, Ala. (Oct. 20, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Hitachi Solutions.
The live, online event, “How to Modernize, Collaborate & Deliver a Safer Construction Experience,” will take place Nov. 8, 2022, at 12 p.m. CST and will highlight how contractors can take advantage of the right technology tools to tackle today’s challenges.
WASHINGTON (Oct. 17) — Associated Builders and Contractors (ABC) today announced its strong support of the second annual Construction Inclusion Week, which kicks off today, and the need to champion and foster inclusion, diversity and equity throughout the construction industry.
