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…
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…
