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The Marcum Commercial Construction Index for the first quarter of 2022 reports that the construction industry faces increasing costs and shortages of both labor and materials as well as rising interest rates. Read More →
Rapidly rising hourly earnings enabled the construction industry to add 36,000 employees in May, but a record number of job openings going into the month suggests contractors want to hire even more workers, ac Read More →
The Equipment Leasing & Finance Foundation’s May 2022 Monthly Confidence Index for the Equipment Finance Industry reports a qualitative assessment of both the prevailing business conditions and expectations fo Read More →
National nonresidential construction spending was down 0.4% in April, according to an Associated Builders and Contractors analysis of data published June 1 by the U.S. Census Bureau. On a seasonally adjusted a Read More →
New findings from the National Association of Home Builders Home Building Geography Index show that the rate of year-over-year single-family construction growth in small and large metro urban, suburban and rur Read More →
The construction industry added 36,000 jobs on net in May, according to an Associated Builders and Contractors analysis of data released June 3 by the U.S. Bureau of Labor Statistics. On a year-over-year basis Read More →
The Associated Builders and Contractors’ Construction Backlog Indicator increased to 8.8 months in April, according to an ABC member survey conducted from April 20 to May 4. The reading is up 0.9 months from A Read More →
The Dodge Momentum Index moved 6% higher in April to 164.8 (2000=100), up from the revised March reading of 155.0. The index, issued by Dodge Construction Network, is a monthly measure of the initial report fo Read More →
The Equipment Leasing & Finance Foundation’s April 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) reports a qualitative assessment of both the prevailing business conditions and exp Read More →
Construction input prices increased 0.8% in April compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data rele Read More →
Prices of materials and services used in new nonresidential construction leaped nearly 21% in April from year-ago levels, according to an analysis by the Associated General Contractors of America of government Read More →
In a sign that the housing market is now slowing, builder confidence took a steep drop in May as growing affordability challenges in the form of rapidly rising interest rates, double-digit price increases for Read More →
The construction industry had 396,000 job openings in March 2022, according to an Associated Builders and Contractors analysis of data released May 3 by the U.S. Bureau of Labor Statistics. Industry job openin Read More →
Architecture firm billings continued to grow at a moderate pace in February, with an Architecture Billings Index score of 51.3 (any score over 50 indicates billings growth). This month marks one full year sinc Read More →
Associated Builders and Contractors reported April 12 that its Construction Backlog Indicator increased to 8.3 months in March, according to an ABC member survey conducted March 22 to April 5. The reading is u Read More →
Construction employment increased from February 2020—the month before the coronavirus pandemic—to February 2022 in nearly three-fifths of U.S. metro areas, according to an analysis by the Associated General Co Read More →
Construction input prices rose 2.9% in March, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released April 13. Nonresidential co Read More →
Prices of construction materials used in new nonresidential construction jumped more than 21% from February 2021 to February 2022, according to an analysis by the Associated General Contractors of America of g Read More →
The Association of Professional Builders, a business coaching service for custom home builders, with members in the United States, Canada, Australia and New Zealand, announced March 28 the findings from its an Read More →
Despite strong buyer demand, builder sentiment continued to slip in February as the industry grapples with ongoing building material production bottlenecks that are raising construction costs and delaying proj Read More →
Construction employment climbed by 60,000 jobs between January and February as hourly pay rose at the steepest pace in nearly 40 years, according to an analysis by the Associated General Contractors of America Read More →
The construction industry will need to attract nearly 650,000 additional workers on top of the normal pace of hiring in 2022 to meet the demand for labor, according to a model developed by Associated Builders Read More →
Construction spending increased in January compared to both December and a year ago, with strong gains in private nonresidential and residential construction but mixed results for public spending, according to Read More →
Business conditions at architecture firms entering 2022 were essentially the same as when they ended 2021, with an Architecture Billings Index score of 51.0 in January, the same as the revised December score ( Read More →
National nonresidential construction spending was up 1.3% in January, according to an Associated Builders and Contractors analysis of data published March 1 by the U.S. Census Bureau. On a seasonally adjusted Read More →
The construction industry added 60,000 jobs on net in February, according to an Associated Builders and Contractors analysis of data released March 4 by the U.S. Bureau of Labor Statistics. Overall, the indust Read More →
The U.S. Department of Labor’s Occupational Safety and Health Administration is proposing amendments to its occupational injury and illness recordkeeping regulation, 29 CFR 1904.41 . The current regulation req Read More →
Business conditions at architecture firms ended 2021 on a high note, with an Architecture Billings Index score of 52.0 in December (any score over 50 indicates billings growth). Firm billings increased every m Read More →
Construction employment dipped by 5,000 jobs between December and January even though hourly pay rose at a record pace in the past year, according to an analysis by the Associated General Contractors of Americ Read More →
The Dodge Momentum Index declined 7% in January to a four-month low of 152.9 (2000=100), from the revised December reading of 163.7. The momentum index, issued by Dodge Construction Network, is a monthly measu Read More →
National nonresidential construction spending fell 0.7% in December 2021, according to an Associated Builders and Contractors analysis of data published Feb. 1 by the U.S. Census Bureau. On a seasonally adjust Read More →
The not seasonally adjusted national construction unemployment rate plunged 4.6% in December 2021 from a year ago, down from 9.6% to 5%, while all 50 states had lower unemployment rates over the same period, a Read More →
Construction input prices rose 3.5% in January compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data rel Read More →
While architecture firms reported an increase in billings for the 10th consecutive month in November, the pace of growth continued to moderate from its peak in the summer. An ABI score of 51.0 for the month st Read More →
Associated Builders and Contractors reported Jan. 11 that its Construction Backlog Indicator fell to 8.2 months in December, according to an ABC member survey conducted from Dec. 16 to Jan. 4. The reading is d Read More →
Construction contractors expect increasing demand for numerous types of projects in 2022 despite ongoing supply chain and labor challenges, as most firms plan to add workers this year, according to survey resu Read More →
On Dec. 21, Associated Builders and Contractors released its seventh annual Merit Shop Scorecard, a ranking based on state policies and programs that encourage workforce development, grow career and technical Read More →
Growing inflation concerns and ongoing supply chain disruptions snapped a four-month rise in builder sentiment even as consumer demand remains robust. Builder confidence in the market for newly built single-fa Read More →
Low existing inventories and strong buyer demand helped push builder confidence higher for the third consecutive month even as supply-side challenges—including building material bottlenecks and lot and labor s Read More →
Construction employment increased by 31,000 jobs between October and November as nonresidential construction firms added workers for the third month in a row, according to an analysis by the Associated General Read More →
Total construction spending edged higher in October, as gains in public and private project types outmatched decreases in single- and multifamily residential outlays, according to an analysis of federal constr Read More →
The Marcum Commercial Construction Index for the third quarter of 2021 reports that the construction industry’s recovery slowed during the summer in the face of labor shortages and rising material prices. Nonr Read More →
Confidence in the market for new multifamily housing improved in the third quarter, according to results from the Multifamily Market Survey released Nov. 18, 2021, by the National Association of Home Builders. Read More →
National nonresidential construction spending was up 0.9% in October, according to an Associated Builders and Contractors analysis of data published Dec. 1, 2021, by the U.S. Census Bureau. On a seasonally adj Read More →
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