Construction Firms Add 2,000 Jobs in November

A contractor and a foreman walking on a jobsite.

Construction sector job gains slowed in November as firms added only 2,000 jobs, but wages for hourly employees accelerated and the number of unfilled positions reached record highs in October, the Associated General Contractors of America reported in analyzing new government data. Association officials said the new figures indicate the slowdown in hiring is likely […]

Construction Materials Prices Dip 0.3% in November

A stack of drywall.

Construction input prices decreased 0.3% in November 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 released Dec. 13. Nonresidential construction input prices decreased 0.3% for the month as well. Inputs to construction are still nearly 39% higher than at […]

Dodge Momentum Index Decreases 1% in November

The Dodge Momentum Index, issued by Dodge Construction Network, 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 remain steady and will support construction spending […]

Backlog Indicator Inches up in November, Contractors Remain Confident

Associated Builders and Contractors reported that its Construction Backlog Indicator inched up to 8.5 months in November from 8.4 months in October, according to an ABC member survey conducted Nov. 20 to Dec. 4. The reading is down 0.7 months from November 2022. Despite the monthly increase, backlog is currently 0.8 months lower than at […]

Construction Job Openings Decrease by 4,000 in October, Up 25,000 from October 2022

The construction industry had 423,000 job openings on the last day of October, 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 […]

Multifamily Developer Confidence Weak in Third Quarter on Financing Concerns

Confidence in the market for new multifamily housing was in negative territory for the third quarter, according to results from the Multifamily Market Survey released by the National Association of Home Builders. The MMS produces two separate indices. The Multifamily Production Index had a reading of 38—well below the break-even point of 50—for the third […]

Georgia Is the No. 1 State for Construction

For the first time, Georgia was named the top state for construction in Associated Builders and Contractors’ annual Merit Shop Scorecard. The scorecard, released yearly since 2015, ranks all 50 states and the District of Columbia based on policies and programs that strengthen career pathways in construction, encourage workforce development and advocate for fair and […]

Falls and Ladder Misuse Fill Three of OSHA’s Top 10 Safety Violations

A man falling off a ladder.

For the 13th year in a row, fall protection (general requirements) is OSHA’s No. 1 safety violation. Additionally, ladders came in third, and fall protection (training requirements) was eighth in the agency’s annual list of its Top 10 violations. The list was revealed at the National Safety Council Safety Congress & Expo and covers fiscal […]