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…
World’s First Cordless Heated Lunch Box Made for Construction Workers
“This is definitely a game changer… Perhaps a life changer… If you work construction like I do, 95% of the time there are no microwaves on the job site and you will quickly become tired of sandwiches and chips,” says Gabriel Anthony in a LunchEAZE product review. Construction workers like Anthony have struggled to eat…
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…
Public And Private Nonresidential Construction Spending Slump In July As Industry Employment Declines From July 2019 In Two-thirds Of Metros
New York City, Brockton-Bridgewater-Easton, Mass. Have Worst Job Losses, While Walla Walla, Wash. and Baltimore-Columbia-Towson, Md. Post Largest Year-over-Year Construction Employment Increases Steep monthly declines in public and private nonresidential construction spending offset a surge in homebuilding in July, while industry employment decreased compared to July 2019 levels in two-thirds of the nation’s metro areas,…
Nonresidential Construction Spending Falls Again in July, Says ABC
National nonresidential construction spending fell 1.2% in July, 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 $809.1 billion for the month. Of the 16 nonresidential subcategories, 10 were down on a monthly basis. Private nonresidential spending declined 1.0%…
Construction in the United States 2020-2024: Growth Prospects by Market, Project Type and Construction Activity
The “Construction in the United States (US) – Key Trends and Opportunities to 2024” report has been added to ResearchAndMarkets.com’s offering. The US construction industry is expected to contract by 6.5% in real terms in 2020, and 2.0% in 2021. With economic activity expected to contract by as much as 8% this year, and the surge of new COVID-19 cases in…
