What Will Shape Construction in 2026? Interest Rates, Labor Gaps and Market Shifts
By Brian Bohman – For Construction PROS.com Growth in the construction industry plateaued over the past year — and in 2026, look for that trend to continue. Faced with labor shortages, supply chain issues and economic pressures like high interest rates and tariff uncertainty, construction will need to adopt more disciplined habits and embrace both technological […]
What Will Shape Construction in 2026? Interest Rates, Labor Gaps and Market Shifts
By Brian Bohman – For Construction PROS.com Growth in the construction industry plateaued over the past year — and in 2026, look for that trend to continue. Faced with labor shortages, supply chain issues and economic pressures like high interest rates and tariff uncertainty, construction will need to adopt more disciplined habits and embrace both technological […]
World of Concrete Returns to Celebrate 50th Anniversary Milestone
The show will be held at the Las Vegas Convention Center on Jan. 23-25. The 50th Anniversary of World of Concrete (WOC), the first and largest exhibition serving the global commercial concrete construction and masonry industries, announced open registration for three days of world-class education, community-focused events and exclusive access to market-leading suppliers Held at […]
New Used Equipment Manager at Kirby-Smith
Matt Heisel has over 23 years of industry experience. Construction Equipment Guide reported that Kirby-Smith Machinery Inc. (KSM) has hired Matt Heisel as its new used equipment sales manager. In his new position, Heisel will manage KSM’s used equipment sales team and be responsible for growing the heavy equipment distributor’s used equipment business, which operates […]
ABC: Biden’s Proposal Overhauling Government-Registered Apprenticeship Programs Will Exacerbate Construction Industry Labor Shortage
System is already ‘woefully inadequate in meeting the workforce needs of the construction industry.’ WASHINGTON, Dec. 18—Associated Builders and Contractors today issued the following statement in response to a proposed ruleissued by the U.S. Department of Labor on Dec. 14 that would make significant and controversial revisions to the National Apprenticeship System. “ABC supports government-registered […]
Rising Inventories and Decreasing Values Persist for Used Heavy-Duty Trucks and Trailers
Asset values on the decline. According to the newest market reports from Sandhills Global, supply increases throughout 2023 for used heavy-duty trucks, semitrailers, tractors, construction equipment, and lifts in Sandhills marketplaces have not been accompanied by corresponding increases in demand. This has led to a decline in asset values in most equipment, truck, and trailer […]
Construction Spending Increases 0.6 Percent In October, With Gains For Public And Private Nonresidential Projects, Along With Homebuilding
Mixed patterns within categories suggest market is shifting but remains strong overall; manufacturing, power, education, and single-family spending pickup offset drop in highway and multifamily projects. Total construction spending increased by 0.6 percent in October, led by strong gains for manufacturing, power, and education projects as well as single-family homebuilding, according to an analysis of […]
Dodge Momentum Index Decreases 1% in November
Nonresidential planning activity remains historically elevated despite decline. The Dodge Momentum Index (DMI), issued by Dodge Construction Network (DCN), decreased 1% in November to 179.2 (2000=100) from the revised October reading of 181.7. Over the month, the commercial and institutional components both fell 1%. “While both portions of the Momentum Index saw slower momentum in […]
Equipment Rental Industry Remains Resilient
By Erin Jorgensen Equipment rental revenue, comprised of the construction/industrial and general tool segments, is expected to grow by 7.1 percent in 2024 to reach a record total of nearly $76.6 billion, topping the nearly $71.5 billion recorded in 2023, according to the latest forecast released in early November by the American Rental Association (ARA). […]
How to Update Your Hiring Techniques to Attract Younger Sales Talent
The old ways won’t cut it anymore. Editor’s Note: Hear Troy present at the IEDA Annual Meeting February 16–18 –– members can register here. By Troy Harrison The sales profession is changing, and unfortunately, it’s graying. Statistics show that the average age of a professional salesperson now is 47.1 years old. Fifteen years ago, that […]