Architecture Firm Billings Remain Flat
Billings at architecture firms remained flat in July, with an AIA/Deltek Architecture Billings Index score of 50.0 for the month. A score of 50.0 means that the share of firms that reported a decline in their billings in July is equal to the share of firms that reported an increase in their billings for the […]
Construction Sector Adds 22,000 Employees in August, Spending Increases in July
The construction industry added 22,000 jobs in August, while total construction spending rose 0.7% in July, despite a downturn in most infrastructure investment categories, according to an analysis of government data the Associated General Contractors of America released Sept. 1. Association officials cautioned that progress on many public infrastructure projects was likely being undermined by […]
Equipment Finance Industry Confidence Improves Again in August
The Equipment Leasing & Finance Foundation’s August 2023 Monthly Confidence Index for the Equipment Finance Industry reports that confidence in the equipment finance market is 50.4, an increase from the July index of 46.4. When asked about the outlook for the future, MCI-EFI survey respondent Dave Fate, CEO, Stonebriar Commercial Finance, said, “In spite of […]
Backlog Indicator Steady in August, Contractors Remain Confident
Associated Builders and Contractors reported Sept. 12 that its Construction Backlog Indicator declined to 9.2 months in August, down 0.1 month, according to an ABC member survey conducted from Aug. 21 to Sept. 6. The reading is 0.5 months above the August 2022 level. Backlog decreased on a monthly basis for all categories of company […]
Dodge Momentum Index Drops 6.5% in August
The Dodge Momentum Index, issued by Dodge Construction Network, declined 6.5% in August to 178.0 (2000=100) from the revised July reading of 190.3. Over the month, the commercial component of the DMI fell 1.6%, while the institutional component fell 14.8%. “Overall activity remains above historical norms, but weaker market fundamentals continue to undermine planning growth,” […]
Industry Battles Headwinds but Manufacturing-Related Construction Soars
The Marcum Commercial Construction Index for the second quarter of 2023, produced by Marcum’s National Construction Services group, reports that the construction industry retained momentum through the first half of the year despite ongoing headwinds in the form of labor shortages, high borrowing costs and tight credit conditions. While certain segments, like manufacturing-related construction, have […]
Nonresidential Construction Dominates Industry Job Creation in August
The construction industry added 22,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released Sept. 1 by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 212,000 jobs, or 2.7%. The lion’s share of job creation was among nonresidential contractors. Nonresidential construction […]
25′ Compact Tape Measure
The RYOBI 25′ Compact Tape Measure saves time and energy with a 13′ reach that enables fast measuring over long distances. Easily identify your mark with clear and accurate 1/8″ fractional markings on the durable nylon coated blade, which is protected by a 4-point reinforced, impact-resistant body to withstand almost any drop. When not in […]
Wall Selector Tool
Sto Corp. has launched the Sto Wall Selector tool, the latest in a suite of online, self-help tools on stocorp.com. The Sto Wall Selector is designed to assist users in finding the best Sto wall system for a particular project. The Sto Wall Selector guides the user through a series of questions about their project […]