Dodge Momentum Index Remains Flat in January
Institutional planning continues to accelerate, while commercial planning ticks down The Dodge Momentum Index (DMI), issued by Dodge Construction Network (DCN), rose 0.1% in January to 184.1 (2000=100) from the revised December reading of 183.9. Over the month, commercial planning fell 1.0% and institutional planning improved 2.1%. “Divergent trends between commercial and institutional planning continued in January, nullifying…
ABC: 2024 Construction Workforce Shortage Tops Half a Million
The construction industry will need to attract an estimated 501,000 additional workers on top of the normal pace of hiring in 2024 to meet the demand for labor, according to a proprietary model developed by Associated Builders and Contractors. In 2025, the industry will need to bring in nearly 454,000 new workers on top of…
ABC: Less Than 10% of the Construction Workforce Belongs to a Union in 29 States
Associated Builders and Contractors today released an analysis of 2023 state union membership data published by UnionStats.com, which found at least 90% of workers in the private construction industry do not belong to a union in 29 states. That’s up from 26 states in 2022 and 24 states in 2021. Nationally, an all-time high 89.3% of construction workers…
Building More than a Home: Three Generations, One Project
I’m really excited to share a special project close to my heart – building our “forever home” with my husband, dad, and daughter. This experience resonates deeply with my role as a healthcare builder and has made me think about how and why I chose and continue to choose this profession. Teamwork & Collaboration: Like…
ABC’s Construction Backlog Indicator Inches Higher in December, Contractor Confidence Improves
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.6 months in December from 8.5 months in November, according to an ABC member survey conducted Dec. 20 to Jan. 4. The reading is down 0.6 months from December 2022. View the full Construction Backlog Indicator and Construction Confidence Index data series. The…
Monthly Construction Input Prices Fall Sharply in December
Construction input prices decreased 0.6% in December 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 decreased 0.4% for the month. Overall construction input prices are 1.2% higher than a year ago, while nonresidential construction…
Construction Job Openings in November Rise to Highest Level Since 2022, Says ABC
The construction industry had 459,000 job openings on the last day of November, 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…
ABC: Nonresidential Construction Spending Dips 0.1% in November
National nonresidential construction spending decreased 0.1% in November, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau on Jan. 2. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.143 trillion. Spending was down on a monthly basis in 11 of the 16 nonresidential subcategories. Private nonresidential spending…
Redwood Invests in North Carolina Contractor
Redwood Services, a home services firm focused on investing in residential HVAC, plumbing, and electrical services companies in growing U.S. markets, today announced its investment in B&J Plumbing, Heating, and Air Conditioning. B&J is a family business that was founded in 1976 in Wilson, N.C. Today, B&J has more than 60 employees and more than…
Systems Further Benefit Capital Building Programs When Applied to Multiple Processes
New research from Dodge Construction Network and Projectmates reveals construction business owners can improve their processes and projects by using project management information systems (PMIS) beyond core functions. In the report, Building Better With Technology: How Owners Are Leveraging Software to Improve Project Management SmartMarket Brief, it is clear that most PMIS users experience many benefits. However, more owners who expand…
