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…
After Uncertainty Comes Opportunity
If you’ve spoken with a real estate developer over this past year, just about every one of them will have mentioned that they have been waiting for something to change with the construction/development environment. Land prices have been high. Construction costs have been high. And that’s not a great combination if you are a real…
ABC Carolinas Urges NC & SC Governors and Lawmakers to Keep Jobsites Open and Workforce Employed
Associated Builders and Contractors of the Carolinas’ (ABC Carolinas) distributed the following communication to its members today, March 23, 2020: “In an effort to support our valued ABC membership and industry, ABC Carolinas’ Board has sent the following letters to our North and South Carolina Governors, Lt. Governors as well as to House and Senate…
CAGC Fights to Keep Construction Essential in the Carolinas
Charlotte, NC – March 23, 2020 – In response to the COVID-19 crisis, Carolinas AGC (CAGC) is urging the Governors of North Carolina and South Carolina to consider all construction to be an essential service in the event there is a shelter-in-place order. Carolinas AGC is working with the administrations of NC Gov. Roy…
Carolinas AGC on How Contractors Can Help Area Hospitals
Earlier this week, President Trump asked for Contractors to please send ANY AVAILABLE Masks to the hospitals. See below for ways contractors can help in South Carolina and North Carolina. Information for South Carolina Carolinas AGC staff reached out to the SC Hospital Association to confirm the need. The Hospital Association called it “a dire…
Construction Contractor Confidence Robust to Start 2020, Says ABC
WASHINGTON, March 19, 2020 — Confidence among U.S. construction industry leaders generally improved in January, consistent with the burgeoning momentum of the U.S. economy during the early weeks of 2020, according to the Associated Builders and Contractors Construction Confidence Index released today. While the reading for sales expectations edged lower for the month, confidence pertaining…
ABC’s Construction Backlog Indicator Rebounds in January
WASHINGTON, March 17, 2020 — Associated Builders and Contractors reported today that its Construction Backlog rose to 8.9 months in January 2020, a 5.9% increase from December’s reading. Backlog for firms with less than $30 million in revenues expanded by nearly 20% after declining sharply in December. “This represents yet another reminder that nonresidential construction and…
