While the Dodge Momentum Index, a monthly measure of the initial report for nonresidential building projects in planning, increased slightly in June, the notable indicator of construction project pipelines hit its 14-year...
The economy wants to win. It has taken every hit and gotten back up. Neither COVID-19, nor steep inflation, supply-chain woes or the war in Ukraine has delivered a knockout punch. Through it all, hiring has remained strong...
The demand for new data centers is as hot as ever, but with that comes “plenty of challenges and uncertainties,” according to the 2022 outlook for data center construction from Turton Bond, a construction consultant firm...
Markets never travel in a straight line, and sales of new homes are no exception. A variety of factors contributed to a slight decline in the sale of new homes around the country last month. According to data recently...
The nonresidential building sector did not see the same gains in 2021 as other sectors, such as multifamily. In fact, spending on nonresidential declined 5% in 2021, compounding on a 2% decline in 2020. However, according to...
Delays are aggravating. The rescheduled flight or late train causes frustration. Rising to the top of the list—the unfinished economic recovery from COVID-19. In 2021, strong fiscal growth paused due to the rapid spread of...
According to the results of the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB), Washington, D.C., confidence in the market for new multifamily housing decreased in the second...
Does the near-term future of nonresidential construction look bright or dim? It depends on who you ask. According to a report from the Associated General Contractors of America (AGC), Arlington, Va., the future is fraught...
According to a report from the U.S. Chamber of Commerce, commercial contractors are becoming more optimistic about the future. The report, “U.S. Chamber of Commerce Commercial Construction Index—Q1 2021,” noted that...
According to a report from the Associated General Contractors of America (AGC), Arlington, Va., construction spending rallied in January, especially as private nonresidential construction increased for the first time in seven...
According to the latest report from the Associated General Contractors of America (AGC), Arlington, Va., construction employment increased by 27,300 jobs in November. However, the majority of the gains are in the residential...
Compared to construction employment numbers a year ago, the construction market doesn’t look particularly strong. However, compared to the numbers from one month ago, strength seems to be returning to the industry. According...
According to the latest report from Dodge Data & Analytics, total construction fell 7% from June to July to a seasonally-adjusted rate of $631.6 billion. However, the only real loss in the three segments that Dodge covers was...
According to a new report from Dodge Data & Analytics, while commercial and multi-family starts were quite healthy during January and February, the subsequent COVID-19 pandemic and resulting recession have “wreaked havoc” on...
According to the 2018 Bureau of Labor Statistics Occupational Employment Statistics Survey data, as well as analysis by the National Association of Homebuilders (NAHB), half of payroll workers in construction earn more than...
The City of Chicago has earned some bragging rights. By the end of 2017, its crane count stood at 60, bested only by Seattle. As Mayor Rahm Emanuel posted on Twitter: “Chicago’s 60th crane marks a 5x increase from 2010, when...
According to an employment report, released by the U.S. Department of Labor’s Bureau of Labor Statistics on August 4, the construction industry added 6,000 new positions (seasonally adjusted) in July. The increased employment...
