News

SAN FRANCISCO (Sept. 14, 2021) — Autodesk, Inc. and management consulting firm FMI Corporation today released the results from a new study, "Harnessing the Data Advantage in Construction," which surveyed over 3,900 professionals across the global construction industry on their data practices in 2020.

WASHINGTON (Sept. 14, 2021) — Associated Builders and Contractors reports today that its Construction Backlog Indicator fell sharply to 7.7 months in August, according to an ABC member survey conducted Aug. 19 to Sep.1. The reading is down 0.8 months from July 2021 and down 0.3 months from August 2020.

SCOTTSDALE, Ariz. (Sept. 9, 2021) — In a strategic move to initiate its online sales efforts, Restoration Builders, Inc. has  announced it has completed an asset purchase agreement for the acquisition of Palazzo Restoration, LLC ("Palazzo Restoration" or "The Company"), headquartered in Carmel, IN. 

WASHINGTON (Sept. 9, 2021) — President Biden has announced a new effort to combat the ongoing COVID-19 pandemic.

ARLINGTON, Va. (Sept. 7, 2021) — The construction industry lost 3,000 jobs between July and August as ongoing declines in nonresidential segments offset a pickup among residential building and remodeling firms, according to an analysis by the Associated General Contractors of America (AGC) of government data.

WASHINGTON (Sept. 1, 2021) — National nonresidential construction spending expanded 0.1% in July, according to an Associated Builders and Contractors (ABC) analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $786.7 billion for the month.

NEW ORLEANS (Sept. 1, 2021) — Hurricane Ida has been downgraded to a tropical depression but not before leaving more than a million people, and the entirety of New Orleans, without power and causing massive damage to structures, homes and roads in Louisiana. Ida has been ranked as the fifth-largest hurricane to make landfall in the United States, with winds reaching speeds of 150 mph or more.

SUNNYVALE, Calif. (Aug. 31, 2021) — Trimble has announced  the creation of Trimble Ventures, a venture fund focused on investing in early and growth-stage innovative companies that align with Trimble's mission of transforming work in the agriculture, construction, geospatial and transportation industries.

CHARLOTTE, N.C., (Aug. 30, 2021) — Concrete & Materials Placement (CMP), a concrete pumping company serving the Carolinas, has announced the strategic acquisition of Febcon Concrete Pumping, a Michigan-based concrete pumping company as of Aug. 30, 2021. As an industry leader in concrete pumping, this step further expands CMP's footprint across the Southeast.  

SCOTTSDALE, Ariz. (Aug. 26, 2021)— Restoration Builders, Inc. has announced that it has added Hubert Bourque to its ESG and Technology Group. He will guide the design, operations and environmental performance of technologies that align with the company's sustainability and environmental policies.

WASHINGTON (Aug. 19, 2021) — The Equipment Leasing & Finance Foundation released the August 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $900 billion equipment finance sector. Overall, confidence in the equipment finance market is 66.6, a decrease from the July index of 72.9.

ARLINGTON, Va. (Aug. 20, 2021) — Construction employment in July remained below the levels reached before the pre-pandemic peak in February 2020 in 36 states, according to an analysis by the Associated General Contractors of America (AGC) of government employment data.

SUWANEE, Ga. (Aug. 19, 2021) — Aug. 20, 2021 is the official close and completion date of the Doosan Infracore (DI) sale to Hyundai Heavy Industries Holdings Co. (HHIH). 

WASHINGTON (Aug. 20, 2021) — The U.S. Department of Labor's Occupational Safety and Health Administration has issued updated guidance to help employers protect workers from the coronavirus. The updated guidance reflects developments in science and data, including the Centers for Disease Control and Prevention's (CDC) updated COVID-19 guidance issued July 27, 2021.

BOSTON (Aug. 18, 2021) — On Feb. 24, 2021, at a sewer repair worksite on High Street in downtown Boston, Jordy Alexander Castaneda Romero, 27, and Juan Carlos Figueroa Gutierrez, 33, died after a dump truck struck and pushed them into a 9-foot deep trench.

MOLINE, Il. (Aug. 15, 2021) — The outlook for equipment rental revenue, comprised of the construction/industrial and general tool segments, has improved over the last quarter. The updated second quarter forecast released by the American Rental Association (ARA) now calls for equipment rental revenue to exceed $47.8 billion in 2021, nearly a 3.5 percent increase over 2020 and greater than last quarter’s forecast that called for a 3.1 percent increase this year.  

WASHINGTON  (Aug. 18, 2021) — The Architecture Billings Index (ABI) recorded its sixth consecutive positive month, according to a new report from The American Institute of Architects (AIA).

PROVIDENCE, R.I. (Aug. 17, 2021) — Gilbane Building Company has announced that it will be joining five other general contractors: DPR Construction, Turner, Mortenson, McCarthy and Clark Construction Group to announce the inaugural “Construction Inclusion Week,” which will be held Oct. 18 — Oct. 22, 2021. Gilbane is chairing the first Construction Inclusion Week with the theme of “Building the Foundation for Inclusion.”

IRVINE, Calif. (Aug. 17, 2021) — MAZO Capital Solutions, a leading full-service commercial finance company dedicated to serving America's small business community, has announced a significant strategic partnership with Heave, the Tampa-based heavy equipment platform built to provide contractors the easiest and fastest way to receive quotes from dealers.

HOUSTON (Aug. 16, 2021) — Last week Ritchie Bros. sold US$99+ million of pipeline construction equipment in its largest-ever single-owner auction, for Barrilleaux Inc. In less than two days, the company sold 3,100+ items from three Barrilleaux locations in New Mexico and Texas to thousands of online bidders from around the world.