Business and Finance

    U.S. Chamber of Commerce Commercial Construction Index Points Upward for Q2 2021

    The Commercial Construction Index (CCI) is a quarterly economic indicator designed to gauge what drives the commercial construction industry and its leaders, based on research conducted with contractors. Topics covered include the three factors from which the Index is derived—backlog levels, new business opportunities and revenue forecasts—as well as additional market drivers such as workforce, financing, and materials and equipment trends. The Index also features a quarterly spotlight on revolving construction industry topics. Highlights from Q2 2021 include the following:… Read More »U.S. Chamber of Commerce Commercial Construction Index Points Upward for Q2 2021

      The Dog Days of Summer & What I Did on My Summer Vacation

      By Richard Branch, Chief Economist Prices are rising, workers are hard to find, logistics chains remain tangled, and leading indicators of construction are softening … what does it all mean? First the good news: lumber prices are falling. This should help stabilize the single family market and make it easier for builders to put more homes on the market in 2022. The bad news? As lumber prices fall, metals and plastics prices are accelerating. This poses more of a risk… Read More »The Dog Days of Summer & What I Did on My Summer Vacation

        Five Strategies for Successful Networking

        “It’s not what you know but who you know.” This adage is particularly true for building product manufacturers. In Dodge’s new e-book, you’ll learn the best networking strategies to get the attention of people who specify, select, and purchase products. Find out how to generate new leads, deepen connections with existing contacts and keep your fingers on the pulse of the industry — so you can deliver more relevant services and grow more business. Here are a few of our… Read More »Five Strategies for Successful Networking

          Boost Your Profits: Nine Tips for Construction Firms

          Ideas to Drive Your Business Forward As markets evolve, staying at the top of your game and ahead of the competition is critical.  Find out what may be hindering your business and where you can make improvements. To help you win more business and increase profitability, check out Dodge Data’s new guide, “Nine Profit-Boosting Tips for Construction Firms.” It includes quick pointers on: Marketing your business Enhancing your services and operations Bidding prioritization  The guide also include a few special… Read More »Boost Your Profits: Nine Tips for Construction Firms

            A Mid-Year Economic Outlook for the Construction Industry: Three Quick Takeaways

            At the mid-year point the construction industry is trending upwards with an economic forecast that looks optimistic. But what is next for the industry and what are the growth projections? Here are three quick takeaways from Dodge’s latest forecast: Economic growth is surging thanks to the growing number of vaccinated Americans and substantial federal stimulus. This surge will continue into 2022 as consumers and businesses spend and invest anew. Higher material prices and labor shortages, however, will impede a quick recovery for… Read More »A Mid-Year Economic Outlook for the Construction Industry: Three Quick Takeaways

              The Infrastructure Bill: What’s in It? And When Can You Start Bidding for Jobs?

              Get in line. As the Biden administration and Congress work toward a landmark, $1 trillion infrastructure deal, nearly 2,000 corporations and other groups have met with legislators and White House officials in an effort to shape the bill to their own interests. The White House and a bipartisan group of senators announced a preliminary agreement at the end of July, which includes some $550 billion in new spending. As of early August, the bill totaled 2,702 pages, a massive laundry… Read More »The Infrastructure Bill: What’s in It? And When Can You Start Bidding for Jobs?

                For the First Time in Forever: Dodge’s chief economist anticipates brighter days ahead, with a little help from Anna and Elsa

                I’m not a huge Disney fan…honestly…I’m not. But these lines stick out to me from the Frozen song I used as a title for this piece: There’ll be actual real live peopleIt’ll be totally strangeBut wow, am I so ready for this change! Our latest national and regional forecast was released to customers at the end of April. On the surface, our forecast for total construction starts is little changed relative to the version released in early February. However, the… Read More »For the First Time in Forever: Dodge’s chief economist anticipates brighter days ahead, with a little help from Anna and Elsa

                  Dodge CEO Dan McCarthy Discusses the Future of Construction Market Data

                  Software giant Trimble recently sat down with Dodge Data & Analytics CEO Dan McCarthy for a conversation about the evolving state of building-industry data. Here are some highlights from the video interview: Our goals center around identifying and quantifying a project as soon as it’s gone into planning. … If I’m an architect, I want to know what projects are coming on stream and who the owner is so that I can reach out to them and win the business. If… Read More »Dodge CEO Dan McCarthy Discusses the Future of Construction Market Data

                    Building Business News: June 18 – 24, 2021

                    People Detroit Mayor Mike Duggan has nominated Houston planner Antoine Bryant of Moody Nolan to be the city’s director of the Planning & Development Department. The position requires the approval of the Detroit City Council. Bryant succeeds Maurice Cox, who left Detroit in 2019 for a comparable role in Chicago. Deputy planning director Katy Trudeau ran the department during the interim. Paola Sanguinetti is the new director of The Design School at Arizona State University‘s Herberger Institute for Design and… Read More »Building Business News: June 18 – 24, 2021

                      Beyond the Data: Job Growth Slows in November

                      According to the Bureau of Labor Statistics, the U.S. economy added 245,000 jobs in November – a considerable step back from the revised 610,000 jobs added in October. Still, the unemployment rate dipped to 6.7%. Private sector employment improved by 344,000, while the public sector shed 99,000 positions. Within the public sector, state and local governments cut 13,000 positions, while federal employment was down 86,000 reflecting the loss of temporary workers that had been hired for the 2020 Census. Within… Read More »Beyond the Data: Job Growth Slows in November