Dodge Momentum Index Grows 6% in January

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The Dodge Momentum Index, issued by Dodge Construction Network, grew 5.6% in January to 225.7 (2000=100) from the revised December reading of 213.6. Over the month, commercial planning increased 4.2% while institutional planning improved 8.7%. On the commercial side, data center, traditional office building and warehouse planning led this month’s gains. Education and healthcare planning supported the institutional portion, especially on the hospital side. In January, the DMI was up 26% when compared to year-ago levels. The commercial segment was up 37% from January 2024, while the institutional segment was up 9% over the same period. A total of 33 … Read more

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ABC: All but 3 States Had Construction Unemployment Rates Below 10% in December 2024

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The national December 2024 not seasonally adjusted construction unemployment rate was 5.2%, up 0.8% from December 2023, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. The analysis found that only six states had lower estimated construction unemployment rates over the same period and 44 states were higher. All but three states (Minnesota, New Jersey and Rhode Island) had construction unemployment rates below 10%. National NSA payroll construction employment was 191,000 higher than December 2023. As of December 2024, SA payroll construction employment was 701,000, or 9.2%, above its pre-pandemic peak … Read more

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Nonresidential Construction Adds Modest 4,400 Jobs in January

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The construction industry added 4,000 jobs on net in January, according to an Associated Builders and Contractors’ analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 178,000 jobs, an increase of 2.2%.  Nonresidential construction employment increased by 4,400 positions on net, with growth in 2 of the 3 subcategories. Nonresidential specialty trade added the most jobs, increasing by 5,600 positions, followed by nonresidential building, which added 1,100 jobs. Heavy and civil engineering lost 2,300 jobs last month. The construction unemployment rate rose to 6.5% in January. Unemployment across all industries … Read more

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McCarthy Building Companies Announces New Leadership for Central Region

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McCarthy Building Companies, Inc. has announced a new leadership team for its Central Region, positioning a team of internal executive promotions to guide the company’s continued growth and success across 28 states. Based in St. Louis, the Central Region spans the U.S. east of the Rockies and represents a significant portion of the company’s expanding footprint in key market sectors, including healthcare, education, science and technology, commercial, industrial, water/wastewater and mission critical facilities. The appointments of Ryan Sawall as regional CEO, Chris Anvik as Regional President, Doug Mangers as Regional Chief Operating Officer, and Josh Gaghen as St. Louis Business Unit Leader reflect McCarthy’s dedication to promoting … Read more

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Vertical Construction Begins at Mack Innovation Park in Scottsdale

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Willmeng Construction has begun vertical construction on the first phase of Mack Innovation Park – Mack Real Estate Group’s latest project in North Scottsdale, Arizona. The first phase of MIP Scottsdale consists of two buildings comprising 305,400 square feet, while the site as a whole accommodates 1.2 million square feet across 11 buildings. The design for MIP Scottsdale, led by Butler Design Group, pays homage to the legacy of Frank Lloyd Wright and his Taliesin West, which is located just five miles away. The design is characterized by integration with the surrounding landscape, use of natural materials and emphasis on … Read more

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