The Home Depot is in a definitive agreement to acquire International Designs Group (IDG), a Mill Point Capital platform company which owns and operates Construction Resources and other design-oriented subsidiaries. 

Learn why Offsite Construction (OSC) can be a valuable business opportunity for a fabricator.

The construction industry added 28,000 jobs on net in December, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 231,000 jobs or 3.1%.

Construction employment increased in 268 or 75% of 358 metro areas between October 2021 and October 2022, according to an analysis by the Associated General Contractors of America of new government employment data. Association officials noted, however, that job vacancies outpaced hiring as construction firms struggle to find enough qualified workers to hire.

Spending for home improvements will continue to face headwinds from declining home sales, rising interest rates, and the increasing costs of contractor labor and building materials.

Laticrete, a leading manufacturer of globally proven construction solutions for the building industry, was selected as the ‘Supplier of the Year’ by the highly-esteemed Ceramic Tile Distributor Association (CTDA), an international organization of distributors, manufacturers and allied professionals of ceramic tile and related products.

Total construction starts fell 12% in March to a seasonally adjusted annual rate of $903.8 billion, according to Dodge Construction Network.

Total construction starts rose 9% in February to a seasonally adjusted annual rate of $1.013 trillion, according to Dodge Construction Network.

Construction employment dipped by 5,000 jobs between December and January even though hourly pay rose at a record pace in the past year, according to an analysis of government data by the Associated General Contractors of America. 

Only 18 states and the District of Columbia have added construction jobs since just before the start of the COVID-19 pandemic in February 2020, despite a pickup in most states from October to November, according to a new analysis of federal employment data released by the Associated General Contractors of America.