Construction Industry News

WASHINGTON (Dec. 2, 2022) — The construction industry added 20,000 jobs on net in November, 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 248,000 jobs, an increase of 3.3%.

HAMILTON, N.J. (Nov. 17, 2022) — Total construction starts rose 8% in October to a seasonally adjusted annual rate of $1.12 trillion, according to Dodge Construction Network. In October, nonresidential building starts gained 9%, and nonbuilding starts rose 26%; however, residential starts fell by 3%.

BIRMINGHAM, Ala. (Nov. 21, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Divvy.

STAMFORD, Conn. (Nov. 14, 2022) — United Rentals, Inc. today announced that the company has entered into a definitive agreement to acquire the assets of family-owned Ahern Rentals, Inc. for approximately $2.0 billion in cash. The board of directors of United Rentals unanimously approved the agreement. The transaction is expected to close prior to year-end 2022, subject to customary conditions.

WASHINGTON (Nov. 15, 2022) — Associated Builders and Contractors (ABC) reports today that its Construction Backlog Indicator declined to 8.8 months in October, according to an ABC member survey conducted October 20 to November 4. The reading is 0.7 months higher than in October 2021.

View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for October 2022.

BIRMINGHAM, Ala. (Nov. 8, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Avetta.

The live, online event, “Risks That Can Kill,” will take place Dec. 1, 2022, at 1 p.m. CST and will highlight new strategies and tools to keep workers safe.

Registration is free at constructionbusinessowner.com/webinars.

HAMILTON, N.J. (Nov. 7, 2022) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 9.6% (2000=100) in October to 199.7 from the revised September reading of 182.2. During the month, the DMI continued its steady ascent, with the commercial component rising 13%, and the institutional component ticking up 2.9%.

Birmingham, Ala. (Nov. 7, 2022) — Construction Business Owner (CBO), the leading business magazine for contractors, is pleased to announce the nine finalists of its Outstanding Women in Construction (OWIC) 2022 honor.

OWIC was designed to recognize industry-leading females and their skills, achievements and contributions to the construction industry. The nine finalists selected for OWIC 2022 are:

WASHINGTON (Nov. 1, 2022) — The construction industry had 422,000 job openings in September, according to an Associated Builders and Contractors’ (ABC) analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS). JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 36,000 last month and are up 74,000 from a year ago.

HAMILTON, N.J. (Oct. 20, 2022) — Total construction starts decreased 19% in September to a seasonally adjusted annual rate of $1.02 trillion, according to Dodge Construction Network. In September, nonresidential building starts dropped 23%, residential starts fell 11% and nonbuilding starts declined by 25%.

BIRMINGHAM, Ala. (Oct. 20, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Hitachi Solutions.

The live, online event, “How to Modernize, Collaborate & Deliver a Safer Construction Experience,” will take place Nov. 8, 2022, at 12 p.m. CST and will highlight how contractors can take advantage of the right technology tools to tackle today’s challenges.

WASHINGTON (Oct. 17) — Associated Builders and Contractors (ABC) today announced its strong support of the second annual Construction Inclusion Week, which kicks off today, and the need to champion and foster inclusion, diversity and equity throughout the construction industry.

HAMILTON, N.J. (Oct. 7, 2022) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 5.7% (2000=100) in September to 183.2 from the revised August reading of 173.4. The DMI 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.

WASHINGTON (Oct. 4, 2022) — The construction industry had 407,000 job openings in August, according to an Associated Builders and Contractors (ABC) analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS). JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 54,000 last month and are up by 45,000 from the same time last year.

BIRMINGHAM, Ala. (Oct. 4, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Deltek + ComputerEase.

The live, online event, “Job Costing for Construction,” will take place Oct. 27, 2022, at 1 p.m. CDT and will share methods for better job costing.

Registration is free at constructionbusinessowner.com/webinars.

BIRMINGHAM, Ala. (Sept. 28, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Raken.

The live, online event, “Leveraging Technology for More Efficient, Profitable Projects,” will take place Oct. 20, 2022, at 1 p.m. CDT and will highlight how contractors can focus on faster, easier ways to complete crucial activities.

WASHINGTON — The U.S. Department of Labor today announced the award of $11,746,992, in grants to support worker and employer education to make workplaces around the nation safer and healthier.

BIRMINGHAM, Ala. (Sept. 28, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with WestPac Wealth Partners.

The live, online event, “Advanced Business Planning Strategies,” will take place Oct. 18, 2022, at 1 p.m. CDT and will help construction business owners sharpen theirs skills in several key areas of business.

DETROIT, MI — At the North American International Auto Show, President Biden announced that the Federal Highway Administration has approved more than two-thirds of Electric Vehicle (EV) Infrastructure Deployment Plans from States, the District of Columbia and Puerto Rico ahead of schedule.

SUNNYVALE, Calif (Sept. 14, 2022) — Trimble announced today it has acquired privately-held B2W Software, a leading provider of estimating and operations solutions for the heavy civil construction industry. Financial terms were not disclosed.