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.
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—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%, below the 10.2%
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.