HAMILTON, N.J. (July 8, 2020)—Heavy civil construction is deemed essential to our economy and has continued in many jurisdictions throughout the economic shutdown. However, data from The Civil Quarterly (TCQ), a new publication from Dodge Data & Analytics launched, reveals contractors in this sector are facing supply chain issues and other challenges in keeping jobsites going.
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WASHINGTON (July 10, 2020)—Construction input prices rose 2.2% in June, according to an Associated Builders and Contractors analysis of United States Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices rose by 2.3% for the month.
HAMILTON, NEW JERSEY (July 8, 2020)—The Dodge Momentum Index dropped 6.6% in June to 121.5 from the revised May reading of 130.1.
WASHINGTON—Associated Builders and Contractors announced the cancellation of ABC Convention 2020, which was scheduled for August 17-19 in Nashville, Tennessee. The event, which includes the National Craft Championships, Construction Management Competition and National Excellence in Construction Awards, was previously postponed from March due to the coronavirus pandemic.
Last week, the United States House of Representatives approved a climate-friendly $1.5 trillion infrastructure plan that would allocate billions of dollars to addressing ever-increasing issues with roads and bridges, transit systems, railways, harbors, ports and channels.
Construction spending declined for the third month in a row in May as a sharp slowdown in private projects more than offset a rise in public work, according to an analysis by the Associated General Contractors of America of government data released. Association officials warned that the pickup in public projects is likely to reverse soon unless the federal government acts quickly to invest in needed infrastructure and shore up crumbling state and local budgets.
Last week, Deloitte released a midyear update of its 2020 Engineering & Construction Outlook, noting three distinctive trends the adjacent industries are seeing that will likely influence how work is done for years to come.
WASHINGTON, D.C. (June 23, 2020)—The Q2 2020 USG Corporation + United States Chamber of Commerce Commercial Construction Index (Index) plunged from 74 in Q1 to 56 in Q2.
WASHINGTON (June 24, 2020)—Demand for design services in May saw few signs of rebounding following a record drop in billings the month prior, according to a new report from The American Institute of Architects (AIA).
PROVIDENCE, R.I.—Gilbane Inc. announced that William J. Gilbane III, fifth generation family member and former senior vice president of the New York division of Gilbane Building Company, has been elected to Gilbane, Inc.'s board of directors.
WASHINGTON—Associated Builders and Contractors announced it is partnering with the United States Chamber of Commerce on a national initiative to address inequality of opportunity.
San Francisco Bay Area-based construction information manager BarkerBlue Inc., recently announced the promotion of Mike Carlson to director of sales of BarkerBlue Build.
Carlson first joined BarkerBlue in 2013, bringing past sales experience in technology and litigation document support sales.
NATIONAL—President Trump and his administration are working on an infrastructure proposal worth almost $1 trillion aimed at giving the volatile United States economy a much-needed boost.
The existing infrastructure plan—the FAST Act—which authorized $305 billion over a 5-year term, will expire at the end of September.
LOS ANGELES (June 15, 2020) — AECOM announced the appointment of W. Troy Rudd to chief executive officer (CEO). Currently AECOM’s chief financial officer, Rudd will assume the role from Michael S. Burke, who previously announced his plans to retire.
New home construction in the United States showed a positive return in May—good news after several months of decreasing numbers due in part to the coronavirus pandemic.
In particular, a rebound in permits for future home construction (up 14.4%) showed promise that the industry might be coming out of a slump. The statistic is often an indicator of future activity and the overall health of the economy.
New York City—The Marcum Commercial Construction Index for the first quarter of 2020 reports an industry suffering the adverse effects of COVID-19. Construction employment fell by nearly one million jobs from March to April 2020, a decrease of 12.8%. The industry’s unemployment rate increased from 6.9% in March to 16.6% in April, the highest level since early
New York City launched phase one of its reopening plan this week, including the restart of all construction projects deemed nonessential. City officials estimate this applies to approximately 23,000 construction sites.
The news is long awaited for many construction executives and management teams—since March, the only construction projects allowed to continue on schedule were those deemed essential (health care, infrastructure updates, etc.).