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.