Construction Industry News

IRVING, Texas—Fluor Corporation announced financial results for its year ended December 31, 2019.

WASHINGTON—Last week, United States Secretary of Transportation Elaine L. Chao made two major announcements:

WASHINGTON (Sept. 23, 2020)—Business conditions remained stalled at architecture firms during August as demand for design services continued to decline, according to a new report from the American Institute of Architects (AIA).

NEW YORK—The Marcum Commercial Construction Index for the second quarter of 2020 reports that the industry is holding relatively well in the face of the COVID-19-driven recession. Construction employment has rebounded since plummeting in March and April, and the industry’s unemployment rate stands at 8.9%, b

NATIONAL (Sept. 18, 2020)—Thirty-nine states lost construction jobs between August 2019 and August 2020 while 31 states and the District of Columbia added construction jobs between July and August according to a new analysis of Labor Department data released today by the Associated General Contractors of America. The new annual figures detail how the coronavirus pandemic has undermined demand for construction projects after a strong start to the year.

Birmingham, Ala. (Sept. 21, 2020)—Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Autodesk.

The live, online event, “Strategies to Maximize Virtual Collaboration” will take place Oct. 15, 2020, at 1 p.m. CDT, and will share tips for how to adapt and thrive in today's home-based work environment.

WASHINGTON (September 15, 2020)—

WASHINGTON—The Association of Equipment Manufacturers (AEM), together with the dozens of industry partners, 

WASHINGTON (September 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 by the United States Bureau of Labor Statistics. Over the last 4 months, the industry added 658,000 jobs, recovering approximately 61% of the jobs lost during March and April.

NEW JERSEY (September 8, 2020)—The Dodge Momentum Index increased 1.8% in August to 126.5 from the revised July reading of 124.2.

NATIONAL (September 2, 2020)—Sixty percent of firms report future projects have been canceled or delayed, but 52% of firms struggle to find craft workers amid worker fears of COVID-19 and unemployment supplement.

WASHINGTON—United States Secretary of Labor Eugene Scalia recently announced the award of nearly $20 million in funding to four states as part of a new pilot program to address the health and economic impacts of widespread substance and opioid misuse, addiction and overdose by providing retraining and other services to workers in communities significantly impacted by the opioid crisis.

WASHINGTON (September 1, 2020)—National nonresidential construction spending fell 1.2% in July, according to an 

WASHINGTON—The Trump Administration announced a total of $400 million in federal funding will be allocated by the United States Department of Transportation's Federal Transit Administration (FTA) to four transit infrastructure projects in Arizona, Indiana, Missouri and New Jersey.

This week, the World Trade Organization ruled in favor of Canada in the latest round of a dispute that has been going on for nearly 40 years over tariffs imposed on softwood lumber exports coming into the United States.

WASHINGTON (August 19, 2020)—Architectural billings failed to show any progress during July, and business conditions continued to be soft at firms, according to a new report from the American Institute of Architects (AIA).

NEW JERSEY (August 17, 2020)—Total construction starts fell 7% in July to a seasonally adjusted annual rate of $631.6 billion, according to Dodge Data & Analytics. The decline was due to a significant pullback in the nonbuilding segment, which fell 31% from June to July. Nonresidential building starts rose 3% while residential building starts increased 2%.

NATIONAL (August 12, 2020)—United Kingdom-based general contractor Balfour Beatty reported its half-year 2020 results this week. The firm reported a 26 million pound ($34 million) loss in Q1 and Q2 of 2020, mostly attributed to the impact of the ongoing coronavirus pandemic. 

WASHINGTON (August 11, 2020)—