Welcome to our Construction Industry News page, where we bring you the latest updates on mergers and acquisitions, key new hires, and significant industry shifts. Stay informed with breaking news and in-depth reporting to keep up with the fast-paced changes shaping the construction business.

For the first time, Professional Women in Construction (PWC) has included a man among its honorees of industry professionals for their outstanding careers and contributions to empowering women in the AEC industry. The PWC Board of Directors historically bestows this award to women and, after careful consideration, they selected Richard Wood, chief executive officer of Plaza Construction as the first male among  their 2019 Honorees for his role in helping women in construction to advance and achieve their careers.  Find out more about his contributions here. 

In construction, conflict over data ownership and transparency often results in duplicate data entry and negative impacts to productivity. A new study by Dodge Data & Analytics in collaboration with construction technology provider e-Builder, a Trimble Company, reveals the unintended consequences of increased adoption of project management software by project owners and the impact it has when contractors use their own, disconnected software workflows. Details here.

Bidder, the California-based technology startup that connects Latino immigrant workers with United States construction jobs was recently selected by Techcrunch as a Top Pick in Social Impact for 2019. The company has recently expanded their altruism portfolio by hiring remote account managers in a country where its citizens live under a dictatorship, have little to no access to jobs, and are fleeing at alarming rates. Details here. 

Design billings may be down, but jobs are another story. According to the AGC’s analysis of U.S. Labor Department data, construction jobs increased in 39 states from August 2018 to August 2019, and in 29 states from July to August of this year. Details here. 

Federal funding for fiscal year 2019 ends September 30. Luckily, a Senate committee recently approved the Transportation, Housing and Urban Development, and Related Agencies (T-HUD) appropriations legislation, which would allow for $86.6 billion in transportation spending. Where’s it all going? Find out here. 

The Monthly Confidence Index for the Equipment Finance Industry is designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector. Overall, confidence in the equipment finance market is 54.7, a decrease from the August index of 58.9. Details here. 

StonePoint Materials LLC (StonePoint) has announced the acquisition of Standard Gravel Company LLC (Standard). Standard is a leading regional producer of sand and gravel serving eastern Louisiana and southern Mississippi from four active mine sites. Acquisition details here. 

Universal Forest Products Inc. (UFP) has announced that one of its affiliates acquired Hartford, Wisconsin-based Pallet USA LLC. The acquisition expands UFP’s industrial product capacity and services in the Midwest. Details here.