Dodge Momentum Index Increases in November
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…
Nonresidential Construction Employment Rises in November, Says ABC
The construction industry added 1,000 net new jobs in November, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 146,000 jobs, an increase of 2.0%. Nonresidential construction employment increased by 1,600 jobs on net in November…
Hilti Introduces World’s First Cordless Breaker
Hilti Inc.expands its industry-leading cordless tool offering with the addition of the world’s first cordless breaker, the TE 500-A36. Specifically engineered for the challenges associated with breaking concrete and masonry, this new tool gives construction professionals the power of a corded breaker with the mobility and productivity of a cordless solution. Hilti continues to build upon…
Nonresidential Construction Spending Falls in October, Says ABC
National nonresidential construction spending fell 0.7% in October but is up 1.4% compared to the same time last year, 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 $776.5 billion, 2.3% lower than the cyclical peak attained in April…
Top Construction Careers for 2020
Construction careers are on the rise because, in this industry, there is a labor shortage. Therefore, there are a lot of job opportunities with growing salaries. According to the Associated General Contractors of America, in 2019, construction employment has increased by 279,000 jobs, and the employment rate stood at an all-time low. Construction is the industry…
North Carolina Construction Outlook
While racking up thousands of miles driving throughout the Carolinas, it’s amazing how much construction work is going on these days with building, highway-heavy and utility work. Construction workers and often clogged highways are everywhere at a time when one of our biggest challenges is attracting more people into our excellent construction industry. The U.S….
Contractors are Highly Confident as Revenues Shift Upward
USG Corporation + U.S. Chamber of Commerce Index The Commercial Construction (CCI) Index rose three points in Q3 2019 to 77, the highest score since the index was first released in Q2 2017. Market trends reinforce the other indicators of high confidence, with expected increases in spending on tools and equipment, and consistent access to…
ABC’s Construction Backlog Indicator Slips in September
Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.9 months in September 2019, down 0.1 months or 0.8% from August 2019 when CBI stood at nine months. “Today’s backlog reading indicates that pre-existing trends will remain in place,” said ABC Chief Economist Anirban Basu. “In recent months, public construction spending has fueled…
Construction Employment Increases In 41 States And D.C. From October 2018 To October 2019, While 28 States Added Construction Jobs Last Month
Forty-one states and the District of Columbia added construction jobs between October 2018 and October 2019, while construction employment increased in 28 states from September to October, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials said that firm’s efforts to increase pay and benefits…
Construction Input Prices Unchanged in October, Says ABC
Construction input prices remained unchanged on a monthly basis in October but are down 2.2% year-over-year, 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 fell 0.1% for the month and are down 2.0% compared to the same time…
