News and Announcements

Capstone Partners, a middle market investment banking firm, released its May 2023 Construction Services Sector Update, reporting that elevated construction spending, increased project backlogs and continued employment growth have

The construction industry had 341,000 job openings in March, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and

The price of materials and services used in nonresidential construction inched down 0.1% from February to March, as plunging fuel prices outweighed increases in the cost of other goods,

A new report from FMI Consulting forecasts continued growth of design-build over the next three years, despite recent industry challenges and market volatility. FMI’s findings indicate that design-build is

Associated Builders and Contractors reported that its Construction Backlog Indicator declined to 8.7 months in March, according to an ABC member survey conducted March 20 to April 3. The

The Dodge Momentum Index, issued by Dodge Construction Network, slipped 8.6% in March to 183.7 (2000=100) from the revised February reading of 201.0. In March, the commercial component of

Total construction spending decreased by 0.1% in January, as declines in single-family homebuilding and public construction offset marginal gains from private nonresidential construction, according to an analysis by the

The construction industry will need to attract an estimated 546,000 additional workers on top of the normal pace of hiring in 2023 to meet the demand for labor, according

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