HAMILTON, NJ (Feb. 22, 2023) — Total construction starts fell 27% in January to a seasonally adjusted annual rate of $865.6 billion, according to Dodge Construction Network. During the month, nonresidential building starts fell 38%, residential starts lost 20%, and nonbuilding starts declined by 16%.
BIRMINGHAM, Ala. (Feb. 27, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Divvy.
WASHINGTON (Feb. 16, 2023) — The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering more evidence of the economy's resilience despite tighter monetary policy.
NOVI, Mich. (Feb. 14, 2023) — Hino Motors Manufacturing U.S.A. Inc. announced a new management structure that places emphasis on North American expertise and a refined focus on responsibilities. The new management team, including president, chief operating officer (COO) and executive vice president (VP), represents decades of experience in the U.S. and brings together a formidable knowledge of manufacturing, compliance and strategy from Hino globally.
WASHINGTON (Feb. 14, 2023) — Associated Builders and Contractors (ABC) reports that its Construction Backlog Indicator declined 0.2 months to 9.0 in January, according to an ABC member survey conducted Jan. 20 to Feb. 3. The reading is 1.0 month higher than in January 2022.
HAMILTON, N.J. (Feb. 7, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 8.4% in January to 201.5 (2000=100) from the revised December reading of 220.0. In January, the commercial component of the DMI fell 10.0%, and the institutional component receded 4.7%.
NOVI, Mich. (Feb. 6, 2023) — Hino Trucks announced the appointment of Glenn Ellis to the position of president and chairman of the board for Hino Trucks, effective Feb. 1, 2023. Ellis succeeds Shigehiro Matsuoka, who retired after holding the position for four years, and will become the first U.S.-born president of Hino Trucks. In addition, Ellis will also serve as an officer of Hino Motors Limited, Hino Trucks' parent company.
Chico, Calif. (Jan. 26, 2023) — Work Truck Solutions, an authority on commercial vehicles, released their 2022 analysis of the commercial vehicle market. Work Truck Solutions is the only company that collects national data reflecting the customization of commercial vehicles done after the chassis or van is manufactured by an original equipment manufacturer (OEM), which defines their unique commercial use case.
BIRMINGHAM, Ala. (Jan. 24, 2023) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Raken.
WASHINGTON (Jan. 18, 2023) — Construction input prices fell 2.7% in December compared to the previous month, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices also declined 2.7% for the month.
SUWANEE, Ga. (Jan. 18, 2023) — The familiar brand of orange construction equipment known as Doosan will now be called DEVELON throughout the world. Under the new brand name, the company will continue providing innovative products and solutions that exceed expectations, further cementing its status as a global leader in construction equipment and solutions for the infrastructure industry.
HAMILTON, N.J. (Jan. 9, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 6.6% (2000=100) in December to 222.2 from the revised November reading of 208.3. In December, the commercial component of the DMI rose 8.4%, and the institutional component ticked up 2.7%.
WASHINGTON (Jan. 6, 2023) — The construction industry added 28,000 jobs on net in December, 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 risen by 231,000 jobs or 3.1%.
HAMILTON, N.J. (Dec. 19, 2022 ) — Total construction starts fell 18% in November to a seasonally adjusted annual rate of $926.3 billion, according to Dodge Construction Network. During the month, nonresidential building starts lost 25%, nonbuilding shed 21%, and residential starts dropped 5%.
BIRMINGHAM, Ala. (Jan. 3, 2023) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Deltek.
WASHINGTON (Dec. 13, 2022) — Associated Builders and Contractors (ABC) reports that its Construction Backlog Indicator increased to 9.2 months in November, according to an ABC member survey conducted Nov. 21 to Dec. 6. The reading is 0.8 months higher than in November 2021.
WASHINGTON (Dec. 14, 2022) — After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialing back its efforts to combat inflation.
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