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.

North America's Building Trades Unions' President Sean McGarvey issued the following statement marking the end of the formal comment period on the Department of Labor’s (DOL’s) proposed rule to dramatically alter the nation's apprenticeship system with a new proposal known as Industry Recognized Apprenticeship Programs (IRAPs):

What to know about current material prices, commercial construction starts & more

Is it just us, or do you feel like there are new industry reports coming out every 3 minutes over the past couple of weeks? Last week, we gave you a rundown on Dodge Data & Analytics’ midyear forecast. Below, we highlight the top takeaways to three other recent industry reports. 

Among professional construction contractors who rented equipment in the past year, a majority expects to increase reliance on rental in the year ahead, according to a comprehensive survey of contractors released by the American Rental Association (ARA). Details here. 

The Nebraska Public Service Commission has approved the Keystone XL Pipeline route through the state—one of three proposed routes included in the application filed by TransCanada. Details about the decision and the pipeline here. 

The SOGR Program provides funding to repair, replace or rehabilitate publicly or Amtrak owned or controlled railroad equipment, infrastructure and facilities. The SOGR Program is intended to improve intercity passenger rail performance. Eligible projects include upgrading infrastructure, such as track, switches, bridges and highway-rail grade crossings; stations; and equipment, including passenger cars.

At a seasonally adjusted annual rate of $849.6 billion, new construction starts in July advanced 2% from the previous month, according to Dodge Data & Analytics. This marked the third consecutive monthly increase for total construction starts, following gains of 10% in May and 9% in June. Details here. 

The LaGuardia Airport Central Terminal Building (CTB) Replacement Project is the first project to earn “Envision” recognition under Envision v3—the latest iteration of the Envision sustainable infrastructure framework developed and managed by the Institute for Sustainable Infrastructure (ISI), indicating the project delivered a heightened range of social, environmental, and economic benefits to the host and affected communities. Project details here.  

Hino ushered in a new era of manufacturing capability at the company during a grand opening ceremony that was attended by West Virginia Governor Justice, Senators Manchin and Capito, Congressman McKinley, local government officials, dealers, customers, suppliers and media. More about the ceremony and new facility here. 

The new 5-year forecast from the American Rental Association (ARA), updated in August, calls for equipment and event rental revenues in North America to surpass $71 billion in 2023, including $64.7 billion in the United States and $6.4 billion in Canada. The latest forecast is ARA’s first to project rental revenue for 2023. Details on the current figures here.