LOS ANGELES—Tutor Perini Corporation reported results for the third quarter of 2020. Revenue was $1.4 billion, the highest revenue of any quarter in more than 10 years and up 21% compared to $1.2 billion for the third quarter of last year. The company experienced double-digit revenue growth across all segments with only an immaterial impact from the COVID-19 pandemic in the third quarter of 2020.

Single-family starts showed continued growth in September as overall housing production increased 1.9% to a seasonally adjusted annual rate of 1.42 million units, according to a report from the United States Department of Housing and Urban Development and the U.S. Census Bureau.

Long Beach, California—Hino Trucks announced, Project Z, the company’s development path to zero emissions vehicles (ZEV), ranging from class 4 to class 8. 

The ZEV products ranged from a class 5 on a SEA Electric SEA-Drive 120a on a Hino M5 chassis, up to a Hino XL Series class 8 tractor powered by Toyota’s Fuel Cell system (see Toyota/Hino joint press release for more detail).

Birmingham, Ala. (Oct. 16, 2020)—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, “7 Reasons to Move Your AP Processes Into the Future” will take place Nov. 19, 2020, at 2 p.m. EST, and will discuss how to give your team the tools they need to become more productive, strategic and transparent.

NATIONAL (October 15, 2020)—Turner Construction Company announced that the Q3 2020 Turner Building Cost Index—which measures costs in the nonresidential building construction market in the United States—has decreased to a value of 1171. This represents a 0.51% reduction from the Q2 2020. 

NEW JERSEY (October 15, 2020)—Total construction starts dipped 18% in September to a seasonally adjusted annual rate of $667.7 billion, essentially taking back August’s gain. While some of this decline is certainly payback from several large projects entering start in August, the drop in activity brought total construction starts below levels seen in June and July. Nonresidential starts fell 24%, while residential building dropped 21% over the month.

Birmingham, Ala. (Oct. 16, 2020)—Construction Business Owner (CBO), the leading business magazine for contractors, is pleased to announce the 10 finalists of its Outstanding Women in Construction (OWIC) 2020 honor.

OWIC was designed to recognize industry-leading females and their skills, achievements and contributions to the construction industry. The 10 finalists selected for OWIC 2020 are:

WASHINGTON (October 13, 2020)—Associated Builders and Contractors reported that its Construction Backlog Indicator fell to 7.5 months in September, a decline of 0.5 months from August’s reading, according to an ABC member survey conducted September 20 to October 6. Backlog is 1.5 months lower than in September 2019.

NEW JERSEY (October 7, 2020)—The Dodge Momentum Index rose 3.7% in September to 130.8 from the revised August reading of 126.2. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.