ABC’s Construction Backlog Slips in September; Contractors Remain Optimistic
WASHINGTON, Oct. 13, 2020 — Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 7.5 months in September, a decline of 0.5 months from August’s reading, according to an ABC member survey conducted Sept. 20-Oct. 6. Backlog is 1.5 months lower than in September 2019. ABC’s Construction Confidence Index readings for…
Interior Construction Guidance for Healthy Space Designs
When it comes to the interior construction work that you do for your clients, the top concerns that you are likely to get are related to cost, aesthetics, and speed. This makes a lot of sense on paper. After all, some of your customers may need their spaces made on a tight timeline. Of course,…
RES Acquires Carolina Environmental Contracting
RES announced today the acquisition of Carolina Environmental Contracting (CEC), a construction firm specializing in stormwater solutions across North Carolina since 1991. “CEC has found a great partner in RES that will provide new growth opportunities for my employees, as well as a chance to share our knowledge and experience with the RES team.”Tweet this…
Nonresidential Construction Spending Falls Slightly in August, Says ABC
WASHINGTON, Oct. 1, 2020 — National nonresidential construction spending fell 0.1% in August, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $814.3 billion for the month. Of the 16 nonresidential subcategories, nine were down on a monthly basis. Private…
ABC’s Construction Backlog Indicator Rebounds in August; Contractor Optimism Builds
WASHINGTON, Sept. 15, 2020 —Associated Builders and Contractors reported today that its Construction Backlog Indicator rebounded to 8.0 months in August, an increase of 0.2 months from July’s reading, according to an ABC member survey conducted Aug. 20-Sept. 1. The August backlog is a half-month lower than in August 2019. ABC’s Construction Confidence Index readings for…
Monthly Construction Input Prices Rise in August, Says ABC
WASHINGTON, Sept. 10, 2020 — Construction input prices expanded 0.6% in August over the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices increased 0.3% for the month. Natural gas prices rose at the fastest rate in August,…
Construction Employment Continues to Recover in August, Says ABC
WASHINGTON, Sept. 4, 2020 —Construction industry employment expanded by 16,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Over the last four months, the industry added 658,000 jobs, recovering approximately 61% of the jobs lost during March and April. The…
Dodge Momentum Index Inches Up in August
The Dodge Momentum Index increased 1.8% in August to 126.5 (2000=100) from the revised July reading of 124.2. 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 a…
Construction Sector Adds 16,000 Workers In August But Nonresidential Jobs Shrink; Association Survey Finds Contractor Pessimism Is Increasing
Postponed and Canceled Projects Proliferate, Yet Majority of Firms Report Difficulty Filling Hourly Craft Positions; Officials Urge Immediate Federal Action to Fund Infrastructure and Enact Liability Reforms Construction employment increased by 16,000 jobs in August, but the gains were concentrated in housing, while the infrastructure and nonresidential building construction sector lost 11,000 jobs, according to…
DiGeronimo Companies Expands Construction Management (CM) Capabilities, Acquires Premier CM Business from Donley’s
DiGeronimo Companies today announced its intention to acquire the Construction Management business from Donley’s. The combined businesses, to be known as Donley’s Independence as part of Independence Construction, expands DiGeronimo’s capacity and diversifies its portfolio by creating one of the largest and most capable CM businesses in Northeast Ohio. “DiGeronimo and Donley’s have been doing business…
