Business and Finance

    The 2021 Dodge Construction Outlook Conference Will Model Emerging Practices for Building Product Manufacturers to Work With Architects and Engineers

    The 82nd annual Dodge Construction Outlook Conference will occur on November 3 from 11:00–3:30 (EDT). Although the conference will be virtual this year, due to COVID-19, it remains a cornerstone event for construction industry leaders and the media. Its forecasts offer critical insights into the U.S. economy and the construction market. The conference will feature two keynotes: The 2021 construction industry findings will be presented by Dodge Data & Analytics’ chief economist Richard Branch and will outline the risks and opportunities… Read More »The 2021 Dodge Construction Outlook Conference Will Model Emerging Practices for Building Product Manufacturers to Work With Architects and Engineers

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      Dodge’s Chief Economist Analyses the August 2021 Construction Starts

      Richard Branch, chief economist at Dodge Data & Analytics, reviews the latest economic indicators for the construction industry in a new video. Here’s the upshot: Total construction starts fell 9% from July to August. This is the third consecutive monthly decline in activity. All three major sectors fell during the month. Non-building starts fell by 2%. Residential starts fell by 9%. Non-residential starts fell by 13%.

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        In an Eye-Popping First, Rents Increase by Double Digits

        Between January 2012 and June 2021, 12.3 million households formed in the United States. How many homes were built in the same period? Seven million. That’s a shortfall of more than five million units, according to a realtor.com report. Material and labor shortages stemming from COVID-19 exacerbate the current housing crisis, and contribute significantly to a dramatic decrease in the number of lower-priced homes coming to market. “Homes with a median value of $300,000, which is considered relatively affordable, represented… Read More »In an Eye-Popping First, Rents Increase by Double Digits

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          M&A Highlights: Zweig Group’s 8/30/21 – 9/05/2021 Activity Report

          By Shirley Che Domestic Transactions DCCM, (Houston, TX) a national provider of design, consulting, and program & construction management services has announced the acquisition of Rochester & Associates (Gainesville, GA). Link to Details National consulting, engineering, and construction services firm, Atwell Group, (Southfield, MI) has announced the completion of a merger with Waldrop Engineering (Bonita Springs, FL). Waldrop is an established planning, landscape architecture, and civil engineering company providing professional design and entitlement services. Link to Details Wind Point Partners, (Chicago, IL) a private equity firm, has acquired The Vertex Companies, Inc. (Weymouth,… Read More »M&A Highlights: Zweig Group’s 8/30/21 – 9/05/2021 Activity Report

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            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

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              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

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                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

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                  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

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                    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

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                      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?

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