Your source for construction industry news in the Carolinas
The Dodge Momentum Index moved 2.9% higher in November to 155.3 (2000=100) from the revised October reading of 150.9. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by…
Leaders of the U.S. construction industry remained confident through September 2019 regarding near-term prospects for sales, staffing levels and profit margins, according to the Associated Builders and Contractors’ Construction Confidence Index released today. However, the level of optimism continues to dim. For the first time since January, fewer than 50% of contractors expect profit margins to…
Construction Monitor, a leader in real time building permit data in the United States and headquartered in Cedar City, Utah, announced that its data set is now available to Bloomberg Data License clients via the Bloomberg Enterprise Access Point. This offers an additional way for the financial industry to discover Construction Monitor data. Construction Monitor has been collecting, databasing…
A new study from Dodge Data & Analytics, conducted in partnership with Sevan Multi-Site Solutions, explores critical success factors for multi-site projects, from the perspectives of both owners and contractors. Multi-site work is an often-overlooked area of the construction industry that represents a significant volume of work, whether through a series of small projects across hundreds of…
When you think of construction, you probably think of all the work that goes on in the field. It’s obviously more visible. While fieldwork is the revenue backbone of any construction business, it is easy to forget that back-office efficiency is also crucial for keeping projects moving along successfully. As companies continue to grow, back-office…
Construction technology is an increasingly important aspect of the future of construction. With the skilled labor shortage, stagnant productivity, and safety issues that plague the industry, it’s hard to stay ahead of these issues. Construction companies, universities, and technology companies are working hard to find solutions to these problems. Companies are finding ways to improve…
Construction input prices decreased 1.3% on both a monthly and yearly basis in June, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. This is the first time in nearly three years that input prices have fallen on a year-over-year basis. Overall, nonresidential construction…
In May, estimated not seasonally adjusted construction unemployment rates fell nationally and in 46 states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Three states (Michigan, South Dakota and Vermont) had no change, while only Hawaii increased, rising from 5% in May 2018…
Good communication on the job site can improve the project budget, schedule, and working relationships between contractors and subcontractors. However, it doesn’t always seem possible. While there are technological advances that improve communication, like phones and email, that’s not always where the problems lie. Take a look at why communication fails and how you can…
A new study released by Dodge Data & Analytics, in partnership with Triax Technologies, a leading provider of technology for the connected jobsite, finds that while contractors continue to struggle with construction site risks, they recognize the benefits of using IoT to mitigate them. According to the report, Using Technology to Improve Risk Management in Construction…
