The Dodge Momentum Index moved 4% higher in March to 166.9 (2000=100), up from the revised February reading of 160.3. The Momentum Index is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
AGC and Procore Technologies, Inc. announced that they have met their initial fundraising goal of $500,000 for a new scholarship to support minority students studying construction at the nation’s Historically Black Colleges & Universities. Students will begin receiving the scholarship starting in the 2022-23 school year.
George Kutcher received the inaugural AWCI Distinguished Service Award on April 6 at the AWCI Convention & INTEX Expo in Grapevine, Texas, in recognition of his years of exemplary volunteer service to AWCI.
Construction starts are once again increasing after a slowdown in the fourth quarter of 2021. But labor shortages continue, and after a brief decline, materials prices are again climbing, caused partially by the war in Ukraine.
Construction employment increased from February 2020—the month before the coronavirus pandemic—to February 2022 in nearly three-fifths of U.S. metro area.
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