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…
Harper General Contractors Expands Reach with New Charleston Office
Harper General Contractors proudly announces the establishment of its new office in Charleston, South Carolina, marking a significant milestone in the company’s continued growth and commitment to serving the coastal region of South Carolina. This expansion solidifies Harper’s dedication to fostering relationships with our clients and growth with likeminded professionals, all while delivering exceptional construction…
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…
