Dodge Momentum Index Increases 6% in April

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The Dodge Momentum Index, issued by Dodge Construction Network, increased 6.1% in April to 173.9 (2000=100) from the revised March reading of 164.0. Over the month, commercial planning improved 12.6% and institutional planning dropped 6.3%. A flood of data center projects entered planning in April, causing robust growth in the commercial segment of the DMI, while traditional office and hotel projects continued to face slower momentum. Warehouse planning was basically flat. On the institutional side, education and healthcare planning activity receded again – in part, driven by another month of weak life science and R&D laboratory activity. Year over year, the DMI was 1% lower than in April 2023. The commercial segment was … Read more

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March Construction Job Openings Show Volatility, Decreasing By 182,000, Says ABC

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The construction industry had 274,000 job openings on the last day of March, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings decreased by 182,000 last month and are down by 17,000 from the same time last year. “Construction job openings plunged in March, falling to the lowest level since October 2020,” said ABC Chief Economist Anirban Basu. “While there are many headwinds facing the industry, including the prospect of higher-for-longer interest rates, this dismal number likely reflects a statistical aberration rather than a legitimate decline in … Read more

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Construction Association Releases Decarbonization Playbook

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The Associated General Contractors of America released a decarbonization playbook designed to help firms assess, track and reduce greenhouse gas emissions for the projects they build. The new resource, titled The AGC Playbook on Decarbonization and Carbon Reporting in the Construction Industry, is part of the association’s broader efforts to make sure construction firms play a leading role in crafting carbon-reduction measures for the industry. The new resource outlines a four-step process firms can follow to work with partners to confirm who should be accountable for various carbon emissions associated with a construction project. It also outlines how to document who is accountable for those emissions to limit surprises and risks for everyone involved … Read more

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Faith Technologies Incorporated Receives Safety Excellence Awards

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Faith Technologies Incorporated was recognized with three national and regional safety awards. FTI was awarded first place in the Specialty Contractors Division (over two million hours category) by the Associated General Contractors of America at the 2024 Construction Safety Excellence Awards. This is the third consecutive year FTI has received this recognition. This awards program recognizes companies that have developed and implemented premier safety and risk control programs and showcases companies that have achieved continuous improvement and maintenance of their safety and health management systems. FTI earned a National Safety Merit Award from Associated Builders and Contractors, which was presented … Read more

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