Construction Industry News

WASHINGTON (October 14, 2020)—Construction input prices increased 1.6% in September compared to the previous month, according to an Associated Builders and Contractors analysis of Producer Price Index data released today by the United States Bureau of Labor Statistics. Nonresidential construction input prices rose 1.4% for the month.

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.

Construction-put-in-place during July 2020 was estimated at $1,346.6 billion, which was 0.1% below the revised estimate from July 2019, according to Rider Levett Bucknall’s (RLB) Third Quarter 2020 Construction Cost Report. Here's some other key points from the report:

WASHINGTON (October 1, 2020)—Construction spending increased by 1.4% in August as strong gains in residential construction outweighed decreases in most private nonresidential segments and many public categories, according to an analysis by the Associated General Contractors of America of government data.

WASHINGTON (October 2, 2020)—The construction industry added 26,000 jobs on net in September, according to an 

WASHINGTON (October 1, 2020)—National nonresidential construction spending fell 0.1% in August, according to an 

IRVING, Texas—Fluor Corporation announced financial results for its year ended December 31, 2019.

WASHINGTON—Last week, United States Secretary of Transportation Elaine L. Chao made two major announcements:

WASHINGTON (Sept. 23, 2020)—Business conditions remained stalled at architecture firms during August as demand for design services continued to decline, according to a new report from the American Institute of Architects (AIA).

NEW YORK—The Marcum Commercial Construction Index for the second quarter of 2020 reports that the industry is holding relatively well in the face of the COVID-19-driven recession. Construction employment has rebounded since plummeting in March and April, and the industry’s unemployment rate stands at 8.9%, b

NATIONAL (Sept. 18, 2020)—Thirty-nine states lost construction jobs between August 2019 and August 2020 while 31 states and the District of Columbia added construction jobs between July and August according to a new analysis of Labor Department data released today by the Associated General Contractors of America. The new annual figures detail how the coronavirus pandemic has undermined demand for construction projects after a strong start to the year.

Birmingham, Ala. (Sept. 21, 2020)—Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Autodesk.

The live, online event, “Strategies to Maximize Virtual Collaboration” will take place Oct. 15, 2020, at 1 p.m. CDT, and will share tips for how to adapt and thrive in today's home-based work environment.

WASHINGTON (September 15, 2020)—

WASHINGTON—The Association of Equipment Manufacturers (AEM), together with the dozens of industry partners, 

WASHINGTON (September 4, 2020)—Construction industry employment expanded by 16,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released by the United States Bureau of Labor Statistics. Over the last 4 months, the industry added 658,000 jobs, recovering approximately 61% of the jobs lost during March and April.

NEW JERSEY (September 8, 2020)—The Dodge Momentum Index increased 1.8% in August to 126.5 from the revised July reading of 124.2.

NATIONAL (September 2, 2020)—Sixty percent of firms report future projects have been canceled or delayed, but 52% of firms struggle to find craft workers amid worker fears of COVID-19 and unemployment supplement.

WASHINGTON—United States Secretary of Labor Eugene Scalia recently announced the award of nearly $20 million in funding to four states as part of a new pilot program to address the health and economic impacts of widespread substance and opioid misuse, addiction and overdose by providing retraining and other services to workers in communities significantly impacted by the opioid crisis.

WASHINGTON (September 1, 2020)—National nonresidential construction spending fell 1.2% in July, according to an