News

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%.

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.

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. 

BIRMINGHAM, Ala. (June 7 , 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Deltek + ComputerEase.

WASHINGTON (June 22, 2022) — The White House announced President Biden is calling on Congress and states to take additional legislative action to provide direct relief to American consumers who have been hit with the price hike. Specifically, he is calling on Congress to suspend the federal gas tax for three months, through September, without taking any money away from the Highway Trust Fund.

DUBLIN (June 21, 2022) — FlowForma aims to maintain its position as a leader in the fast-growing ‘no code’ software market with a funding round that raised $4.2M million from new and existing investors, and a next-generation product scheduled for end-of-year release.

HAMILTON, N.J. (June 17, 2022) — Total construction starts rose 4% in May to a seasonally adjusted annual rate of $979.5 billion, according to Dodge Construction Network. Nonresidential building starts rose 20%, while residential starts fell by 4% and nonbuilding lost 2% during the month.

WASHINGTON (June 14, 2022) — Associated Builders and Contractors (ABC) reports that its Construction Backlog Indicator increased to nine months in May from 8.8 months in April, according to an ABC member survey conducted May 17 to June 3. The reading is up one month from May 2021.

DEERFIELD, Ill. (June 14, 2022) — Caterpillar Inc. announced it will move its global headquarters to the company’s existing office in Irving, Texas, from its current location in Deerfield, Illinois.

“We believe it’s in the best strategic interest of the company to make this move, which supports Caterpillar’s strategy for profitable growth as we help our customers build a better, more sustainable world,” said Chairman and CEO Jim Umpleby. 

MOLINE, Ill. (June 14, 2022) — John Deere announced an expanded relationship with Wacker Neuson, a leading manufacturer of compact and construction machines, for 0-9-metric-ton excavators, to include North America.

CINCINNATI (June 14, 2022) – Stack Construction Technologies announced today its partnership with construction industry cost data experts BNi Building News. Stack's platform will integrate with BNi’s national and regional item cost data within its estimating solution.

NEW YORK (June 7, 2022) — COWI, in joint venture with CHA Consulting, Inc. (CHA) as the owner's engineer, provided quality oversight to support the Triborough Bridge and Tunnel Authority (TBTA) in the completion of five design-build contracts worth $123 million to rehabilitate the Hugh L. Carey and Queens Midtown Tunnels.

HAMILTON, N.J. (June 7, 2022) — The Dodge Momentum Index (DMI) jumped 7% in May to 176.2 (2000=100), up from the revised April reading of 165.2. The Momentum Index, issued by Dodge Construction Network, 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.

BIRMINGHAM, Ala. (May 24, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with DivvyPay Inc.

TOKYO (May 23, 2022) — According to Reuters, the White House is weighing an emergency declaration to release diesel from a rarely used stockpile in a bid to address a major supply crunch and blunt rising prices, an administration official said on Monday.

MILWAUKEE (May 19, 2022) — The Association of Equipment Manufacturers (AEM) released The Future of Building, a white paper detailing the drivers influencing how the construction industry could transform over the next 10 years in North America.

WASHINGTON (May 18, 2022) — According to Reuters, the United States will grant employers as many as 35,000 further H-2B visas for seasonal guest workers starting jobs between April 1 and Sept. 30.

HAMILTON, N.J. (May 17, 2022) — Total construction starts rose 3% in April to a seasonally adjusted annual rate of $945.8 billion, according to Dodge Construction Network. Nonresidential building starts rose 6% and residential starts increased by 4%, while nonbuilding starts fell 4%.

WASHINGTON (May 16, 2022) — The U.S. Department of Transportation (DOT) announced that the application process is now open for communities of all sizes to apply for $1 billion in Fiscal Year 2022 funding to help them ensure safe streets and roads for all and address the national roadway safety crisis.