Dodge Momentum Index Decreases 1% in November
Nonresidential planning activity remains historically elevated despite decline The Dodge Momentum Index (DMI), issued by Dodge Construction Network (DCN), decreased 1% in November to 179.2 (2000=100) from the revised October reading of 181.7. Over the month, the commercial and institutional components both fell 1%. “While both portions of the Momentum Index saw slower momentum in planning, overall levels…
RoadDogJobs Releases the 2024 Craft Workforce Survey Results
RoadDogJobs, the leading online job board and community for the traveling craft workforce, is excited to release the 2024 Craft Workforce Survey. This survey of about 500 industrial construction workers has uncovered new insights into the mindset of today’s craft workforce. The results of the survey challenge conventional wisdom about job satisfaction in a construction…
Nonresidential Construction Spending Inches Higher in October, Up 20% Over the Past Year
National nonresidential construction spending increased 0.1% in October, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.1 trillion. Spending was up on a monthly basis in 8 of the 16 nonresidential subcategories. Private nonresidential spending increased 0.1%…
Construction Spending Increases 0.6 Percent In October, With Gains For Public And Private Nonresidential Projects, Along With Homebuilding
Mixed Patterns within Categories Suggest Market is Shifting but Remains Strong Overall; Manufacturing, Power, Education, and Single-Family Spending Pickup Offset Drop in Highway and Multifamily Projects Total construction spending increased by 0.6 percent in October, led by strong gains for manufacturing, power, and education projects as well as single-family homebuilding, according to an analysis of…
Construction Employment Increases In 226 Of 358 Metro Areas Between October 2022 & 2023 As Labor Shortages Keep Firms From Hiring More
Construction employment increased in 226, or 63 percent, of 358 metro areas between October 2022 and October 2023, according to an analysis by the Associated General Contractors of America of new government employment data. Association officials noted that tight labor market conditions kept construction employment from increasing in even more metro areas. “Construction employment keeps growing in a…
Permanent Modular Building With Palomar Modular Buildings
Jumbo Shrimp. Army Intelligence. A Little Pregnant. Permanent Modular. Which one of those terms is NOT an oxymoron? That’s right, the term “Permanent Modular” is not the oxymoron some might believe it to be. Many people think “temporary” when they think “modular building”. That’s just not correct. Although modular buildings are often used to satisfy…
Preconstruction Revolution: Building the Foundation for Project Success
The dynamics within the North American preconstruction market are poised for a remarkable transformation, with Owners holding ever higher standards for the General Contractors they entrust to lead their projects. The days of relying solely on Excel spreadsheets are long gone; today, Owners are seeking a new level of sophistication in project management and…
Monthly Construction Input Prices Increase Slightly in September, Led by Higher Energy Prices
Construction input prices increased 0.2% in September 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 0.2% for the month as well. Overall construction input prices are 0.3% higher than a year ago, while…
ABC’s September Construction Backlog Indicator Dips, Yet Contractors Remain Confident
Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 9.0 months in September, according to an ABC member survey conducted Sept. 20 to Oct. 4. The reading is equivalent to one year ago. View the full Construction Backlog Indicator and Construction Confidence Index data series. Though it declined last month, the South…
ABC: Monthly Construction Input Prices Increased 1.5% in August
Construction input prices rose 1.5% in August 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 also increased 1.5% for the month, but are up just 0.2% from a year ago. Rising energy prices drove…
