ABC’s Construction Backlog Indicator Rebounds in August
Associated Builders and Contractors reported today that its Construction Backlog Indicator climbed to nine months in August 2019, up 0.5 months or 5.4% from July 201 Construction Backlog Indicator 9, when CBI stood at 8.5 months. “Despite some other leading indicators suggesting weakening in nonresidential construction spending, our most recent backlog readings show that contractors are…
Construction Monitor Data Now Available Through Bloomberg
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…
Third Annual Teletrac Navman Construction Benchmark Report Shows Telematics Use Promotes Better Safety Outcomes
Teletrac Navman, a global software-as-a-service provider that leverages location-based technology for GPS tracking solutions, today announced findings from its 3rd Annual Construction Benchmark Report. The survey, which examined current issues influencing construction organizations, found as telematics adoption grows (90% in 2019 versus 79% in 2018), organizations are experiencing significant benefits, particularly around safety. Thirty-one percent say they…
Construction Input Prices Slide in September, Says ABC
Construction input prices fell 0.6% in September and are down 1.7% 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 0.7% for the month and are down 1.4% compared to the same time last year. Much of…
Procore Introduces Product Advancements at Groundbreak 2019 to Connect Everyone in Construction on a Global Platform
Procore Technologies, Inc., a leading provider of construction management software, today welcomed over 4,000 construction professionals to Groundbreak, the company’s annual conference that brings together everyone in construction for three days of networking, learning, and innovation. This year’s event highlighted Procore’s mission to connect everyone in construction on a global platform, with the introduction of product…
Dodge Momentum Index Posts Gain in September
The Dodge Momentum Index moved 4.1% higher in September to 143.6 (2000=100) from the revised August reading of 137.9. 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…
Construction Employment Rises, Slow Down Reflects Tight Labor Market
Industry’s Job Gains and Average Hourly Earnings Outpace Broader Economy as Association Survey Finds Contractors Expect to Keep Hiring; Officials Urge Boost to Career and Technical Education, Immigration Construction employment increased by 7,000 jobs in September and by 156,000, or 2.1 percent, over the past 12 months, while the number of unemployed jobseekers with construction…
FMI Releases North American Engineering and Construction Outlook, Third Quarter 2019 Report
FMI Corporation, the leading provider of consulting and investment banking services to the Built Environment, is pleased to announce the release of its third quarter 2019 North American Engineering and Construction Outlook. The publication offers comprehensive construction forecasts for a broad range of market segments and geographies in the U.S. and Canada, as well as…
Careers in Construction — A Month-Long Celebration
Spearheaded by NCCER and Build Your Future (BYF), the seventh annual Careers in Construction Month is in full swing this October. Forty states, Guam, the U.S. Virgin Islands and Washington D.C. have filed proclamation requests, making 2019 the highest participation ever for this nationwide observance. The celebration was launched to increase public awareness, inspire the next generation of construction craft…
U.S. Department of Labor Implements New Weighting System For Workplace Safety and Health Inspections
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) announced that it has recently implemented the OSHA Weighting System (OWS) for fiscal year (FY) 2020. OWS will encourage the appropriate allocation of resources to support OSHA’s balanced approach of promoting safe and healthy workplaces, and continue to develop and support a management system…
