Construction Industry News

HAMILTON, N.J. (Oct. 7, 2022) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 5.7% (2000=100) in September to 183.2 from the revised August reading of 173.4. The DMI is a monthly measure of the initial report for nonresidential building projects in planning, shown to lead construction spending for nonresidential buildings by a full year.

WASHINGTON (Oct. 4, 2022) — The construction industry had 407,000 job openings in August, 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 54,000 last month and are up by 45,000 from the same time last year.

BIRMINGHAM, Ala. (Oct. 4, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Deltek + ComputerEase.

The live, online event, “Job Costing for Construction,” will take place Oct. 27, 2022, at 1 p.m. CDT and will share methods for better job costing.

Registration is free at constructionbusinessowner.com/webinars.

BIRMINGHAM, Ala. (Sept. 28, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Raken.

The live, online event, “Leveraging Technology for More Efficient, Profitable Projects,” will take place Oct. 20, 2022, at 1 p.m. CDT and will highlight how contractors can focus on faster, easier ways to complete crucial activities.

WASHINGTON — The U.S. Department of Labor today announced the award of $11,746,992, in grants to support worker and employer education to make workplaces around the nation safer and healthier.

BIRMINGHAM, Ala. (Sept. 28, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with WestPac Wealth Partners.

The live, online event, “Advanced Business Planning Strategies,” will take place Oct. 18, 2022, at 1 p.m. CDT and will help construction business owners sharpen theirs skills in several key areas of business.

DETROIT, MI — At the North American International Auto Show, President Biden announced that the Federal Highway Administration has approved more than two-thirds of Electric Vehicle (EV) Infrastructure Deployment Plans from States, the District of Columbia and Puerto Rico ahead of schedule.

SUNNYVALE, Calif (Sept. 14, 2022) — Trimble announced today it has acquired privately-held B2W Software, a leading provider of estimating and operations solutions for the heavy civil construction industry. Financial terms were not disclosed.

HAMILTON, N.J. (Sept. 8, 2022) — The Dodge Momentum Index (DMI) ticked down by 1.2% in August to 171.9 from the revised July figure of 174.0.

BIRMINGHAM, Ala. (Sept. 7 , 2022) — 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 to Attract & Retain Top AP Talent in Construction,” will take place Sept. 29, 2022, at 1 p.m. CDT and will share how contractors can meet the demands of quality AP candidates to help grow their businesses.

WASHINGTON (Sept. 2, 2022) — The construction industry added 16,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 311,000 jobs or 4.2%.

WASHINGTON (Aug. 30, 2022) — The construction industry had 375,000 job openings in July, 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 defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 22,000 last month and are up 38,000 from the same time last year.

HAMILTON, N.J. (Aug. 16, 2022) — Total construction starts rose 48% in July to a seasonally adjusted annual rate of $1.36 trillion, according to Dodge Construction Network. This gain results from the start of three large manufacturing plants and two LNG export facilities. However, even without these projects, total construction starts would still have increased 7%. Nonresidential building starts rose 79% in July, and nonbuilding starts jumped 120%.

WASHINGTON (Aug. 9, 2022) — Associated Builders and Contractors (ABC) reported today that its Construction Backlog Indicator fell 0.2 months in July and stands at 8.7 months, according to an ABC member survey conducted July 20 to Aug. 3. The reading is up 0.2 months from July 2021.

View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for July 2022. 

HAMILTON, N.J. (Aug. 5, 2022) — The Dodge Momentum Index (DMI) increased 2.9% in July to 178.7 from the revised June figure of 173.6.

WASHINGTON (Aug. 5, 2022) — The construction industry added 32,000 jobs on net in July, 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 increased by 311,000 jobs, or 4.2%.

WASHINGTON (Aug. 3, 2022) — The not seasonally adjusted (NSA) national construction unemployment rate plunged 3.8% in June 2022 from June 2021, down from 7.5% to 3.7%. Meanwhile, all 50 states had lower unemployment rates over the same period, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC).

HAMILTON, N.J. (July 20, 2022) — Total construction starts fell 5% in June to a seasonally adjusted annual rate of $932.3 billion, according to Dodge Construction Network. Nonresidential building starts lost 14% during the month and residential was 6% lower. On the contrary, nonbuilding starts gained 13% in June due to the start of several large solar projects.

HAMILTON, N.J. (July 11, 2022) — The Dodge Momentum Index (DMI) increased less than one percentage point in June to 173.6 (2000=100) from the revised May reading of 173.1, pushing the measure to a 14-year high.

WASHINGTON (July 12, 2022) — Associated Builders and Contractors (ABC) reports that its Construction Backlog Indicator fell 0.1 months in June and stands at 8.9 months, according to an ABC member survey conducted June 21 to July 5, 2022. The reading is up 0.4 months from June 2021. 

View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for June 2022.