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

Higher mortgage rates and construction costs pushed new home sales lower in February even as demand remains solid due to a lack of existing home inventory.

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

Construction employment remains below pre-pandemic levels in 21 states and D.C. while 29 states now employ more construction workers than in February 2020, according to a new analysis of federal employment data released by the Associated General Contractors of America.

The National Association of Home Builders (NAHB) urged the Biden administration to increase domestic production of timber from federal lands and to work with Canada on a new softwood lumber agreement that will eliminate tariffs during a virtual White House listening session March 14 on resolving the lumber and building material supply chain crisis.

More than two-thirds of companies surveyed said they are anticipating this will be a good or very good year, and that demand for their services will continue to increase.

The Dodge Momentum Index increased 4% in February to 158.2 (2000=100), from the revised January reading of 151.9.

Material Bank, the world’s largest marketplace for searching, sampling, and specifying architecture, design and construction materials, announced plans to launch in Japan in 2022. This will mark Material Bank’s first international rollout outside of North America.

Prices of construction materials jumped more than 20 percent from January  2021 to January 2022, according to an analysis of government data by the Associated General Contractors of America.

Building Talent Foundation (BTF) announced the main findings of a residential construction workforce engagement study designed to probe into tradespeople opinions about their career plans.