Rockfon Celebrates 10 Years in North America
Rockfon, part of Rockwool Group, celebrates 10 years of providing the North American market with its portfolio of ceiling system solutions. Since 1962, Rockfon has been a manufacturer of stone wool ceiling panels with more than 60 years of success in Europe. Through the decades, it continued bringing its products to European and Asian markets. […]
GMS Acquires AMW Construction Supply in Phoenix
GMS Inc. has acquired AMW Construction Supply, LLC, a distributor of tools, fasteners and other complementary products servicing the Phoenix metro area. In addition, the company announced the recent openings of two new greenfield yards and two new AMES store locations. Founded in 1984, AMW is a distributor of tools and fasteners used in both […]
Fabcon Acquires Bristol Precast
Minneapolis-based Fabcon Precast has acquired Bristol Precast, a division of The Bristol Group. The Bristol Group is a design-build commercial construction firm and manufacturer of precast concrete wall panels and other structural products, serving customers in the industrial, multifamily, hospitality, commercial, corrections and parking structure markets. Bristol Precast provides engineered precast and prestressed concrete products […]
September Construction Backlog Indicator Dips, Yet Contractors Remain Confident
Associated Builders and Contractors reported that its Construction Backlog Indicator declined to 9.0 months in September, according to an ABC member survey conducted Sept. 20 to Oct. 4. The reading is equivalent to one year ago. Though it declined last month, the South continues to have the lengthiest backlog, which has been the case since […]
Construction Employment Rises by 11,000 Jobs in September
The construction industry added 11,000 jobs in September as unemployment rates for the sector remained at historically low levels, prompting contractors to raise pay faster than for other jobs, according to an analysis of government data the Associated General Contractors of America released in October. Association officials noted that the number of people working on […]
Architecture Firm Billings Decline Sharply in September
Business conditions at architecture firms deteriorated in September. The AIA/Deltek Architecture Billings Index score of 44.8 for the month is the lowest score reported since December 2020 during the height of the pandemic and indicates that the share of firms reporting declining billings has significantly increased. In addition, the value of newly signed design contracts […]
Dodge Momentum Index Rises 3% in September
The Dodge Momentum Index, issued by Dodge Construction Network, improved 3% in September to 182.5 (2000=100) from the revised August reading of 178.0. Over the month, the commercial component of the DMI fell 1%, while the institutional component increased 9%. “Solid demand for data centers, life science labs and hospitals supported the uptick in nonresidential […]
Construction Employment Rises in 43 States & D.C. from September 2022 to September 2023
Construction employment increased in 43 states and the District of Columbia in September from a year earlier, while 28 states and D.C. added construction employees from August to September, according to an analysis of federal employment data released by the Associated General Contractors of America. Association officials said the month-over-month dips in construction employment in […]
Equipment Finance Industry Confidence Lower in October
The Equipment Leasing & Finance Foundation has released the October 2023 Monthly Confidence Index for the Equipment Finance Industry. The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector. Overall, confidence in the equipment finance market […]