Construction Contractor Confidence Plummets in February, Says ABC
WASHINGTON, April 23, 2020 — Confidence among U.S. construction industry leaders plummeted in February due to expectations of the economic fallout associated with COVID-19, according to the Associated Builders and Contractors Construction Confidence Index released today. Readings for sales, profit margins and staffing levels expectations fell below the threshold of 50 for the first time…
Evolving Women in AEC: Andrea Moffat, President, Moffat Pipe
Moffat Pipe is a heavy highway utility contractor based in Wake Forest, N.C. with specialized expertise in shoring, tunnels, water and sewer lines, and other infrastructure projects. Founder and President Andrea Moffat was one of four Triangle-area women recently highlighted in a series of communications – themed Evolving Women in AEC – distributed by Chix Dig…
BIM Track announces enterprise agreement with Brasfield & Gorrie
Press Release Brasfield & Gorrie, one of the nation’s largest privately-held construction firms, was looking for a better way to communicate and keep track of RFIs across multiple systems. These coordination challenges led Brasfield & Gorrie to BIM Track, a web-based issue tracking platform that allows multiple stakeholders to coordinate on BIM-based projects. Blake Potts, Regional VDC Manager in…
February Construction Unemployment Rates Down in 37 States Year Over Year, Says ABC
WASHINGTON, April 8, 2020 — Estimated February not seasonally adjusted construction unemployment rates fell nationally and in 37 states, rose in 12 states and were unchanged in one state (Texas) on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. As of February 2020, the…
Dodge Momentum Index Eases Back in March
The Dodge Momentum Index declined by a scant 0.6% in March to 146.5 (2000=100) from the revised February reading of 147.4. 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…
AGC Calls On SBA to Revise Eligibility Guidelines for New Paycheck Protection Program
April 5, 2020 – The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, called on the Small Business Administration (SBA) to revise its eligibility guidelines for its new Paycheck Protection Program to make clear that any firm that employs 500 or fewer people to qualify, regardless of the average annual receipts size…
FMI Releases North American Engineering and Construction Outlook, First Quarter 2020 Report
RALEIGH, N.C. – FMI Corporation, the leading provider of consulting and investment banking services to the Built Environment, is pleased to announce the release of its first quarter 2020 North American Engineering and Construction Outlook. The publication offers comprehensive construction forecasts for a broad range of market segments and geographies in the U.S. and Canada,…
February Rise in Construction Outlays Contrasts with Pandemic-driven Collapse in March as Owners, Government Orders Shut Down Projects
Survey Finds Contractors Face Shortages of Materials and Workers, Delivery Delays and Cancellations; Association Officials Urge Additional Measures to Help Workers, Firms and the Economy to Recover. Construction spending in February increased 6.0 percent from February 2019, with year-over-year gains in both residential and nonresidential outlays, according to a new analysis of federal data released today…
February’s Construction Spending Decline Indicates What’s to Come, Says ABC
WASHINGTON, April 1, 2020 — National nonresidential construction spending fell 1.8% in February, but is up 2.5% compared to the same time last year, 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 $795.1 billion for the month. Private nonresidential…
The CARES Act is a Critical Lifeline for Construction Industry, Small Business Community, Says ABC
WASHINGTON, March 27, 2020 — Associated Builders and Contractors Vice President of Legislative and Political Affairs Kristen Swearingen today issued the following statement about the signing of the Coronavirus Aid, Relief and Economic Security Act, which provides $2 trillion in federal funding and programs to address the ongoing coronavirus crisis: “ABC and our members appreciate…
