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Revitalizing America's Underground: A Surge in Tunnel Construction for Infrastructure Renewal

Aging tunnels in America, coupled with the country’s continued growth, have created an extremely high demand for attention. The imminent repair and replacement will result in significant growth in the tunnel construction market in North America over the next several years. [node:read-more:link]


ABC’s Construction Backlog Indicator Inches Higher in December, Contractor Confidence Improves

Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.6 months in December from 8.5 months in November, according to an ABC member survey conducted Dec. 20 to Jan. 4. The reading is down 0.6 months from December 2022. [node:read-more:link]


Hundreds of Bridge Repair and Replacement Projects Will Launch Soon

It is shocking to realize that more than 42% of America’s 617,000 bridges are more than half a century old, and one-third of them are in dire need of repair or replacement. Even more sobering is the fact that 46,000 U.S. bridges are considered structurally deficient or in poor condition, given that 178 million trips are made on them daily. [node:read-more:link]


ABC: Monthly Construction Input Prices Fall Sharply in December

Construction input prices decreased 0.6% in December compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices decreased 0.4% for the month. [node:read-more:link]