Vol. 23, No. 41 November 6-10, 2023Dodge Momentum Index, ISM services survey show mixed trends for construction in October October Dodge Momentum Index is mixedThe Dodge Momentum Index increased 1% in October from September but slumped 8% year-over-year (y/y), Dodge Construction Network reported on Tuesday… Read more ISM finds mixed results for construction“Economic activity in the services sector expanded in October for the 10th consecutive month,” the Institute for Supply Management reported on November 3… Read more Slowed growth in construction industry pay Construction industry pay rose less in the third quarter (Q3) of 2023 than a year earlier and less than in the overall private sector… Read more Construction costs increases hold steady“Hard” building construction cost increases continued at the same 1.6% quarterly rate from April 1 to July 1 as in the previous quarter, consultancy Rider Levett Bucknall reported on October 23, based on its latest quarterly National Construction Cost Index… Read more AI driving alternative energy markets“The immense amount of energy needed to power generative artificial intelligence models, like the one behind ChatGPT, is creating a new market for data centers that run on alternative energy sources,” the Wall Street Journal reported today… Read more Financing issues plague office to apartment conversions“Cities hoping to convert emptying office buildings into apartments are running into financing issues, stagnating rental markets and other challenges that are bottling up their efforts,” the Journal reported on Wednesday… Read more 2024 AGC/Sage construction outlook surveyAGC contractor members are invited to fill out the 2024 AGC/Sage Construction Hiring and Business Outlook Survey between now and December 7. Results will be posted in early