More Contractors Report Canceled Projects than Starts, AGC Survey Finds; Construction Employment Declined in Most Metros in Latest 12 Months
October 28, 2020 – Construction firms are experiencing widespread project deferrals and cancellations, along with disruptions to ongoing work and few new project awards, as the economic damage from the pandemic drags down industry employment in metro areas across the nation, according to a new survey and an analysis of new government data that the Associated General Contractors of…
ABC’s Construction Backlog Slips in September; Contractors Remain Optimistic
WASHINGTON, Oct. 13, 2020 — Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 7.5 months in September, a decline of 0.5 months from August’s reading, according to an ABC member survey conducted Sept. 20-Oct. 6. Backlog is 1.5 months lower than in September 2019. ABC’s Construction Confidence Index readings for…
Interior Construction Guidance for Healthy Space Designs
When it comes to the interior construction work that you do for your clients, the top concerns that you are likely to get are related to cost, aesthetics, and speed. This makes a lot of sense on paper. After all, some of your customers may need their spaces made on a tight timeline. Of course,…
RES Acquires Carolina Environmental Contracting
RES announced today the acquisition of Carolina Environmental Contracting (CEC), a construction firm specializing in stormwater solutions across North Carolina since 1991. “CEC has found a great partner in RES that will provide new growth opportunities for my employees, as well as a chance to share our knowledge and experience with the RES team.”Tweet this…
Nonresidential Construction Spending Falls Slightly in August, Says ABC
WASHINGTON, Oct. 1, 2020 — National nonresidential construction spending fell 0.1% in August, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $814.3 billion for the month. Of the 16 nonresidential subcategories, nine were down on a monthly basis. Private…
ABC’s Construction Backlog Indicator Rebounds in August; Contractor Optimism Builds
WASHINGTON, Sept. 15, 2020 —Associated Builders and Contractors reported today that its Construction Backlog Indicator rebounded to 8.0 months in August, an increase of 0.2 months from July’s reading, according to an ABC member survey conducted Aug. 20-Sept. 1. The August backlog is a half-month lower than in August 2019. ABC’s Construction Confidence Index readings for…
Monthly Construction Input Prices Rise in August, Says ABC
WASHINGTON, Sept. 10, 2020 — Construction input prices expanded 0.6% in August over the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices increased 0.3% for the month. Natural gas prices rose at the fastest rate in August,…
Construction Employment Continues to Recover in August, Says ABC
WASHINGTON, Sept. 4, 2020 —Construction industry employment expanded by 16,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Over the last four months, the industry added 658,000 jobs, recovering approximately 61% of the jobs lost during March and April. The…
World’s First Cordless Heated Lunch Box Made for Construction Workers
“This is definitely a game changer… Perhaps a life changer… If you work construction like I do, 95% of the time there are no microwaves on the job site and you will quickly become tired of sandwiches and chips,” says Gabriel Anthony in a LunchEAZE product review. Construction workers like Anthony have struggled to eat…
Dodge Momentum Index Inches Up in August
The Dodge Momentum Index increased 1.8% in August to 126.5 (2000=100) from the revised July reading of 124.2. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a…
