National nonresidential construction spending decreased 0.2% in May. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.237 trillion for the month.

Change management in construction is a critical process that involves identifying, evaluating, approving, implementing, and documenting changes throughout the project lifecycle. Given the complexity, scale, and high stakes of many construction projects, effective change management is essential for maintaining control over cost, schedule, quality, and worker safety.

General accounting software is a powerful tool for basic financial tasks — but when it comes to managing the unique complexities of construction projects, it simply isn’t enough. Construction accounting software offers specialized capabilities that go far beyond bookkeeping, enabling construction firms to streamline operations, improve cost control, and protect profit margins.

When it comes to job cost accounting—particularly in the construction industry—hiring a reliable and experienced project management team is crucial. Job cost accounting is a method of financial tracking that emphasizes managing the costs associated with individual projects. It’s widely used in project-based industries such as construction, manufacturing, and professional services.

The national construction industry added 4,000 jobs on net in May, according to data released today by the US Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 123,000 jobs, or an increase of 1.5%.

National nonresidential construction spending decreased 0.1% in April. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.248 trillion for the month and is up year-over-year.

Profitability is essential for any business, but in construction, it's the difference between staying competitive and falling behind. For project-based operations with tight timelines, fluctuating material costs, and complex subcontractor relationships, increasing profitability ensures long-term sustainability and fuels future growth. Profitability means generating more revenue than you spend, and in construction, that requires strategic planning at every phase of a project. It’s about executing projects efficiently, managing cash flow effectively, and making smart decisions that reduce waste and maximize value. Here are four key points to consider when focusing on boosting profitability.

In the construction industry, managing cash flow isn’t just important, it’s the backbone of successful project execution. Whether you're overseeing a small residential build or a large-scale commercial development, cash flow—the timing of money moving in and out—is what keeps operations running, crews paid, and materials ordered on time.

The national construction industry added 11,000 jobs on net in April, according to data released today by the US Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 143,000 jobs, or an increase of 1.7%.

National nonresidential construction spending decreased 0.5% in March. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.25 trillion for the month and is up year-over-year.