Nonresidential Construction Adds Nearly 12,000 Jobs in December

The Dodge Momentum Index, issued by Dodge Construction Network, rose 3% in December to 186.6 (2000=100) from the revised November reading of 181.5. Over the month, commercial planning grew 1.0% and institutional planning improved 6.1%. “The momentum index ended the year 11% below the November 2022 peak, ultimately stabilizing as the year progressed. Regardless, the […]

Communication Critical to Success

More than ever, communication can make or break a project. This can be especially true on large commercial projects because they are becoming increasingly complex. We face greater financial and scheduling pressures, increased on-site rules and regulations as well as code compliance issues like never before. This is why establishing communication protocols with project stakeholders […]

AWCI Introduces New Website

Built from the ground up and developed for nearly one year, the Association of the Wall and Ceiling Industry’s new website, awci.org, serves as the central hub for the wall and ceiling industry. Launched Jan. 4, visitors to the site will find industry news, valuable technical resources, up-to-date media and event information and an abundance […]

Construction Industry Adds 17,000 Workers in December

The construction sector added 17,000 employees in December and continued to raise wages at a faster clip than other industries, the Associated General Contractors of America reported in an analysis of government data. Association officials said the survey it released this week found contractors expect to hire more employees in 2024 but are struggling to […]

Backlog Indicator Inches Higher in December, Contractor Confidence Improves

Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.6 months in December from 8.5 months in November, according to an ABC member survey conducted Dec. 20 to Jan. 4. The reading is down 0.6 months from December 2022. The South, which remains the region with the lengthiest backlog, posted the […]

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 Jan. 12. Nonresidential construction input prices decreased 0.4% for the month. Overall construction input prices are 1.2% higher than a year ago, while nonresidential […]

ABI November 2023: Business Conditions Remain Soft at Architecture Firms

Business conditions remained soft at architecture firms in November, as the AIA/Deltek Architecture Billings Index remained below 50 with a score of 45.3 for the month (any score below 50 indicates declining billings). The score increased by one point from October, indicating that slightly fewer firms reported a decline in billings in November, but the […]

GMS to Acquire Kamco Supply Corporation

GMS Inc., a North American specialty building products distributor, has entered into an agreement to acquire Kamco Supply Corporation and affiliates. The transaction is expected to close during the fourth quarter of fiscal 2024 for GMS, which ends on April 30. Founded in 1939 by the Swerdlick family and headquartered in Brooklyn, New York, Kamco […]