Dodge Momentum Index Jumps in June

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NEW YORK, N.Y. – The Dodge Momentum Index rose a sharp 11.2 percent in June to 134.4, from its revised May reading of 120.8 (2000=100). The Dodge Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The index rose in June as the result of a 14.6 percent increase in the institutional component and a 7.7 percent increase in the commercial component. The gain in commercial planning reports is a positive development since that component of […]

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CFMA Responds to CDC Report on Suicide Rate by Occupational Group

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PRINCETON, N.J. – Statistics released from the CDC on July 1 show that workers in construction and extraction have a 53.3 percent rate of suicide, which is second only to workers in the farming, fishing and forest occupational group (84.5 percent). With 17 states taking part in the CDC’s National Violent Death Reporting System, this data heightens the need to address suicide prevention and mental health promotion in the construction industry. The Construction Financial Management Association has taken a leading role in efforts to shatter the stigma surrounding mental illness and prevent suicide in construction. Most recently, CFMA formed the […]

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Hill International Receives Two Contracts from Texas Tech University System

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PHILADELPHIA, Pa., and LUBBOCK, Texas – Hill International has recently received two contracts from the Texas Tech University System, Department of Facilities Planning and Construction, to provide construction management services in connection with several new building projects. The new Lubbock Education, Research & Technology Building and the West Expansion Building, located in the Lubbock, Texas main campus, are part of TTUS’s Texas Tech University Health Science Center and will feature approximately 150,000 gross square feet of flexible, open and modular high-tech interdisciplinary research laboratories, principal research investigator offices, core instrumentation facilities, a seminar room and academic offices and support space […]

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Turner/AECOM Selected to Construct New Stadium for Los Angeles Rams

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LOS ANGELES, Calif. – Hollywood Park Land Company, which is owned by The Kroenke Group, has selected the team of Turner Construction Co. and AECOM to oversee construction of a 70,000-seat stadium for the Los Angeles Rams. This new, world-class sports and entertainment venue is the centerpiece of a 298-acre mixed-use project being built in Inglewood, California by Hollywood Park Land Company. Turner/AECOM is a joint venture combining two construction and engineering management firms. Between them, they have built 17 stadiums for National Football League teams and renovated 10 others. The current design of the Rams’ new stadium includes 275 […]

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Construction Input Prices Continue Ascent, Could Pressure Margins

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WASHINGTON, D.C. — Construction input prices expanded in June, rising 1.1 percent on a monthly basis according to a recent analysis of the Bureau of Labor Statistics Producer Price Index released by Associated Builders and Contractors. This report marks the fourth consecutive month that input prices have expanded following eight straight months of decline. “Commodity prices stabilized in March and in many cases, including natural gas and oil, have been edging higher,” said ABC Chief Economist Anirban Basu. “Accordingly, construction materials prices are now on the rise, which all things being equal translate into smaller profit margins. Alternatively, rising costs […]

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