Construction Industry News

HAMILTON, N.J. (Sept. 8, 2022) — The Dodge Momentum Index (DMI) ticked down by 1.2% in August to 171.9 from the revised July figure of 174.0.

BIRMINGHAM, Ala. (Sept. 7 , 2022) — 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, “How to Attract & Retain Top AP Talent in Construction,” will take place Sept. 29, 2022, at 1 p.m. CDT and will share how contractors can meet the demands of quality AP candidates to help grow their businesses.

WASHINGTON (Sept. 2, 2022) — The construction industry added 16,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 311,000 jobs or 4.2%.

WASHINGTON (Aug. 30, 2022) — The construction industry had 375,000 job openings in July, 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 defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 22,000 last month and are up 38,000 from the same time last year.

HAMILTON, N.J. (Aug. 16, 2022) — Total construction starts rose 48% in July to a seasonally adjusted annual rate of $1.36 trillion, according to Dodge Construction Network. This gain results from the start of three large manufacturing plants and two LNG export facilities. However, even without these projects, total construction starts would still have increased 7%. Nonresidential building starts rose 79% in July, and nonbuilding starts jumped 120%.

WASHINGTON (Aug. 9, 2022) — Associated Builders and Contractors (ABC) reported today that its Construction Backlog Indicator fell 0.2 months in July and stands at 8.7 months, according to an ABC member survey conducted July 20 to Aug. 3. The reading is up 0.2 months from July 2021.

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

HAMILTON, N.J. (Aug. 5, 2022) — The Dodge Momentum Index (DMI) increased 2.9% in July to 178.7 from the revised June figure of 173.6.

WASHINGTON (Aug. 5, 2022) — The construction industry added 32,000 jobs on net in July, 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 increased by 311,000 jobs, or 4.2%.

WASHINGTON (Aug. 3, 2022) — The not seasonally adjusted (NSA) national construction unemployment rate plunged 3.8% in June 2022 from June 2021, down from 7.5% to 3.7%. Meanwhile, all 50 states had lower unemployment rates over the same period, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC).

HAMILTON, N.J. (July 20, 2022) — Total construction starts fell 5% in June to a seasonally adjusted annual rate of $932.3 billion, according to Dodge Construction Network. Nonresidential building starts lost 14% during the month and residential was 6% lower. On the contrary, nonbuilding starts gained 13% in June due to the start of several large solar projects.

HAMILTON, N.J. (July 11, 2022) — The Dodge Momentum Index (DMI) increased less than one percentage point in June to 173.6 (2000=100) from the revised May reading of 173.1, pushing the measure to a 14-year high.

WASHINGTON (July 12, 2022) — Associated Builders and Contractors (ABC) reports that its Construction Backlog Indicator fell 0.1 months in June and stands at 8.9 months, according to an ABC member survey conducted June 21 to July 5, 2022. The reading is up 0.4 months from June 2021. 

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

BIRMINGHAM, Ala. (June 7 , 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, “How Work in Progress Can Work for You,” will take place July 28, 2022, at 1 p.m. CDT and will highlight how contractors can use work-in-progress (WIP) reports to stay on top of every project and maximize profitability.

WASHINGTON (June 22, 2022) — The White House announced President Biden is calling on Congress and states to take additional legislative action to provide direct relief to American consumers who have been hit with the price hike. Specifically, he is calling on Congress to suspend the federal gas tax for three months, through September, without taking any money away from the Highway Trust Fund.

DUBLIN (June 21, 2022) — FlowForma aims to maintain its position as a leader in the fast-growing ‘no code’ software market with a funding round that raised $4.2M million from new and existing investors, and a next-generation product scheduled for end-of-year release. To support the strategy, Colm Heffernan, previously chief operating officer at Fenergo, has been appointed as chairman, bringing a decade’s experience in growing global businesses to the company. 

HAMILTON, N.J. (June 17, 2022) — Total construction starts rose 4% in May to a seasonally adjusted annual rate of $979.5 billion, according to Dodge Construction Network. Nonresidential building starts rose 20%, while residential starts fell by 4% and nonbuilding lost 2% during the month.

WASHINGTON (June 14, 2022) — Associated Builders and Contractors (ABC) reports that its Construction Backlog Indicator increased to nine months in May from 8.8 months in April, according to an ABC member survey conducted May 17 to June 3. The reading is up one month from May 2021.

DEERFIELD, Ill. (June 14, 2022) — Caterpillar Inc. announced it will move its global headquarters to the company’s existing office in Irving, Texas, from its current location in Deerfield, Illinois.

“We believe it’s in the best strategic interest of the company to make this move, which supports Caterpillar’s strategy for profitable growth as we help our customers build a better, more sustainable world,” said Chairman and CEO Jim Umpleby. 

MOLINE, Ill. (June 14, 2022) — John Deere announced an expanded relationship with Wacker Neuson, a leading manufacturer of compact and construction machines, for 0-9-metric-ton excavators, to include North America.

CINCINNATI (June 14, 2022) – Stack Construction Technologies announced today its partnership with construction industry cost data experts BNi Building News. Stack's platform will integrate with BNi’s national and regional item cost data within its estimating solution. By embedding BNi’s materials and labor cost data in its estimating solution, contractors will be able to create accurate estimates optimized for their project location.