ABC Contractor Backlog and Confidence Slip in October
After holding out hope all summer, construction contractor confidence is officially contracting. WASHINGTON, Nov. 11—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.4 months in October, according to an ABC member survey conducted Oct. 20 to Nov. 4. The reading is down 0.1 months since September but unchanged from October […]
AI, robotics push built environment funding to $4.4B influx
The sector saw a 66% year-over-year increase with construction technology investments posting three-fold growth, per a Nymbl Ventures report. Source link
Project costs stymy construction planning
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Macroeconomic pressures coupled with inflated project costs are weighing on developers’ appetite for new construction planning, according to Dodge Construction Network. After a streak of record-setting months, the pipeline of future nonresidential construction shrank in October. The […]