The leading index for commercial real estate, as measured by the Dodge Momentum Index (DMI), saw a 5% decline in October 2024 from the preceding month, dropping to 197.2 from 208.2. Despite this monthly retreat, the DMI remains 13% higher than in October 2023, indicating strong year-over-year
Canadian Building Construction Price Indexes (BCPI) for Q3, released by Statistics Canada, revealed a notable shift in the pace of rising costs within the construction industry. For the first time since Q2 2020, the growth in residential building construction costs has slowed to 0.9%, a slight
The City of Los Angeles has unveiled an innovative initiative aimed at empowering small, local, and diverse construction contractors through its "community level contracting" (CLC) program. This trailblazing effort is set to provide prime contractor opportunities for these contractors, particularly
Archer Western Construction has been selected to build a $50 million waste-to-energy plant for Synthica Energy in San Antonio, marking a significant step in renewable energy development. This advanced facility will convert up to 250,000 tons of industrial organic waste into renewable natural gas
The Occupational Safety and Health Administration (OSHA) has proposed penalties in response to a tragic crane accident that occurred in April in Fort Lauderdale, Florida. The incident, which involved the fall of a tower crane section from a high-rise apartment building, led to the death of rigger
The construction industry is closely watching the potential return of Donald Trump to the White House, with significant implications for legislative and regulatory aspects. As Trump prepares to form his new administration, the sector is particularly interested in the final makeup of Congress. With
