WASHINGTON (Aug. 14, 2023) — During the State of the Union address, President Joe Biden committed to ensuring construction materials used in federally funded infrastructure projects are made in America. Delivering on the president’s commitments, the Office of Management and Budget (OMB) has released final guidance to boost the use of American-made goods in infrastructure projects.
WASHINGTON (Aug. 15, 2023) — Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator increased to 9.3 months in July, according to an ABC member survey conducted July 20 to Aug. 4. The reading is up by 0.6 months since July 2022.
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HAMILTON, N.J. (Aug. 7, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, declined 0.9% in July to 193.4 (2000=100) from the revised June reading of 195.1. Over the month, the commercial component of the DMI remained relatively flat, ticking down 0.2%, while the institutional component fell 1.9%.
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