WASHINGTON (May 19, 2021) — The United States Department of the Treasury has issued an interim final rule on permissible uses of $350 billion in state and local aid included in the recent American Rescue Plan Act (ARPA). The rule allows the relief money to be used for certain state and local transportation projects. 

RADFORD, Va. (May 18, 2021) — Global construction and development firm, Skanska, has been selected to build Radford University’s new Center for Adaptive Innovation and Creativity (CAIC). Located in Radford, Virgnia, the $80.5 million, 177,917-square-foot building will replace the existing space for the College of Visual and Performing Arts and create interdisciplinary student spaces.

HAMILTON, N.J. (May 18, 2021) — Total construction starts fell 2% in April to a seasonally adjusted annual rate of $853.5 billion, according to Dodge Data & Analytics. Single family construction posted a sizeable decline following months of strong activity, while nonresidential building and nonbuilding starts both gained. 

WASHINGTON (May 13, 2021) — Construction input prices increased 1.3% in April compared to the previous month, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics Producer Price Index data. Nonresidential construction input prices increased 1.6% for the month.