Dodge Momentum Index Expands 7% in June
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, grew 6.8% in June to 225.1 (2000=100) from the downwardly revised May reading of 210.9. Over the month, commercial planning grew 7.3% while institutional planning improved 5.7%. “Nonresidential planning steadily improved in June, alongside strength in warehouse, recreational, and data center planning,” stated Sarah Martin, associate director…
Tariffed Construction Materials Prices Rise in May
Construction input prices increased 0.2% in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices increased 0.3% for the month. Overall construction input prices are 1.3% higher than a year ago, while nonresidential construction…
Dodge Momentum Index Increases 4% in May
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, grew 3.7% in May to 211.2 (2000=100) from the downwardly revised April reading of 203.5. Over the month, commercial planning grew 0.8% while institutional planning improved 10.5%. “Nonresidential planning continued to accelerate in May, primarily driven by strong project activity on the institutional side of the…
Contractors’ Backlog Falls Sharply in May
Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.4 months in May, according to an ABC member survey conducted May 20 to June 3. The reading is up 0.1 months since May 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series. While the South maintains the longest…
Despite Tariff Impacts, ABC Contractors’ Backlog and Profit Margin Expectations Improve in April
Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to a 20-month high of 8.7 months in April, according to an ABC member survey conducted April 22 to May 6. The reading is up 0.3 months since April 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series. Backlog has…
Construction Job Openings Still Subdued in February
The construction industry had 264,000 job openings on the last day of February, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings…
PlanHub, Inc. Launches The Next Era in Preconstruction Software: PlanHub 2.0
PlanHub, the leading cloud-based platform for commercial construction professionals, has launched PlanHub 2.0—a fully integrated preconstruction solution designed to help contractors network, win more projects and accelerate business growth. By combining every aspect of preconstruction into a seamless, all-in-one platform, PlanHub 2.0 empowers users to save time, strengthen industry relationships, and efficiently manage project details from…
Construction Materials Prices Increase 1.4% in January, Up 40.5% Since February 2020
Construction input prices increased 1.4% in January compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices increased 0.9% for the month. Overall construction input prices are 1.3% higher than a year ago, while nonresidential construction…
ABC’s Construction Backlog Indicator Increases, Contractors Remain Confident
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.4 months in January, according to an ABC member survey conducted Jan. 21 to Feb. 3. The reading is unchanged from January 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series. The monthly increase in backlog was concentrated…
Wayne Brothers grows South Carolina footprint with new operation in Colleton County
Wayne Brothers, a Design-Build specialty contractor, today announced it is growing its South Carolina footprint with a new office and operations center in Colleton County. The company’s $35.5 million investment will create 170 new jobs. “Wayne Brothers’ expansion into Colleton County with a $35.5 million investment and the creation of 170 new jobs is a powerful…
