BIRMINGHAM, Ala. (May 3, 2023) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Deltek.
The live, online event, “Get Paid Faster With Cash Flow Management,” will take place May 25, 2023, at 1 p.m. CDT and will highlight different billing methods and best practices for collecting receivables to ensure timely payments.
HAMILTON, N.J. (April 20, 2023) — Total construction starts increased 19% in March to a seasonally adjusted annual rate of $1.09 trillion, according to Dodge Construction Network. During the month, nonresidential starts rose 33%, nonbuilding starts increased 17%, and residential starts moved 5% higher.
ANAHEIM, Calif — Hino Trucks has signed a distribution agreement with Hexagon Purus to exclusively distribute a complete battery electric tractor. This tractor will utilize Hexagon Purus’ proprietary zero-emission technology, including battery systems, auxiliary modules, power modules and the vehicle-level software and is developed to operate on Hino’s XL 4x2 tractor cab chassis.
WASHINGTON (April 11, 2023) — Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator declined to 8.7 months in March, according to an ABC member survey conducted March 20 to April 3. The reading is 0.4 months higher than in March 2022.
View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for March. View the historic Construction Backlog Indicator and Construction Confidence Index data series.
BIRMINGHAM, Ala. (April 24, 2023) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Rivet.
The live, online event, “Adopting Labor Operations Software for Contractors,” will take place May 18, 2023, at 1 p.m. CDT and will share insights into why labor operations software matters, what to watch for, and the impact it can have on your business.
HAMILTON, N.J. (April 7, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, slipped 8.6% in March to 183.7 (2000=100) from the revised February reading of 201.0. In March, the commercial component of the DMI fell 6.6%, and the institutional component decreased 12.9%.
BIRMINGHAM, Ala. (April 12, 2023) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Quickbase.
The live, online event, “Maximizing Productivity & Minimizing Costs: Building a Master Plan for Construction Project Data,” will take place April 27, 2023, at 1 p.m. CDT and will address the root cause of construction project delays and how to tackle them.
WASHINGTON (April 7, 2023) — The construction industry lost 9,000 jobs on net in March, according to an Associated Builders and Contractors (ABC) analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has grown by 196,000 jobs, an increase of 2.5%.
HAMILTON, NJ (March 21, 2023) — Total construction starts rose 6% in February to a seasonally adjusted annual rate of $912.8 billion, according to Dodge Construction Network. During the month, residential and nonresidential building starts rose 11% and 9% respectively, and nonbuilding starts declined by 5%.
WASHINGTON (March 14, 2023) — Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator increased to 9.2 months in February, according to an ABC member survey conducted Feb. 20 to March 6. The reading is 1.2 months higher than in February 2022.
View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for February.
HAMILTON, N.J. (March 7, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, advanced 1.9% in February to 203.0 (2000=100) from the revised January reading of 199.3. In February, the commercial component of the DMI rose 1.4%, and the institutional component increased 2.9%.
WEST FARGO, N.D. (March 9, 2023) — Doosan Bobcat Inc., a company within Doosan Group, has announced its global branding strategy to create business and growth opportunities for the Doosan Bobcat product portfolio.
WASHINGTON (March 1, 2023) — National nonresidential construction spending increased by 0.3% in January, 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 $968.7 billion for the month.
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.
The live, online event, “Modern Expense Policies for Construction Companies,” will take place March 23, 2023, at 1 p.m. CST and will share top tips for creating (or updating) your company’s expense policy.
Registration is free at constructionbusinessowner.com/webinars.
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.
Other data on Thursday showed monthly producer prices increasing by the most in seven months in January as the cost of energy products surged. Even stripping out energy and other volatile components, underlying producer inflation rose at its fastest pace since last March.
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.
View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for January. View the historical Construction Backlog Indicator and Construction Confidence Index data series.
RALEIGH, N.C. (Jan. 26, 2023) — FMI Corporation, a provider of consulting and investment banking services to the built environment, released the 2023 North American Engineering and Construction Industry Overview. The report provides a comprehensive forecast for a broad range of construction and engineering segments in the U.S. and Canada.
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%.
