WASHINGTON (Feb. 24, 2021) — Lumber prices have risen dramatically this year, prompting concerns for the construction industry. Data from Random Lengths indicates softwood lumber prices have risen 112%. The costs for homebuilders and renovation contractors are nearing record highs and have even prompted The Associated General Contractors of America (AGC) to pen a letter to President Biden asking for his intervention.
Keep an eye on electric innovations & what they can do for your jobsite
Focus on fundamentals during tumultuous times
WASHINGTON (Feb. 22, 2021) — The Biden administration has announced changes to the Paycheck Protection Program (PPP) loan program that may impact the construction industry. For a 2-week period beginning on February 24, only small business with fewer than 20 employees can apply for new PPP loans. The goal is to help the smallest businesses collect funds to offset financial instability during the COVID-19 pandemic.
A strategy for sustainable structures
WASHINGTON, (Feb. 19, 2021) — The Committee for Economic Development of The Conference Board (CED) has released a new, comprehensive report that includes policy recommendations to combat the growing infrastructure problem in America.
How to navigate subcontracting & workers’ compensation issues in the construction industry
HAMILTON, N.J. (Feb. 17, 2021) — According to Dodge Data & Analytics' latest Construction Starts release total construction starts dropped 4% in January to a seasonally adjusted annual rate of $794.3 billion.
TEXAS (Feb. 16 2021) — Severe winter weather across the country is causing blackouts and delays this week. Construction projects in Texas may be hit particularly hard as the overloaded power grid creates rolling blackouts lasing 30 hours or more in some parts of the state.
WASHINGTON (Feb. 17, 2021) —The construction industry has received more than $13 billion in Paycheck Protection Program (PPP) loans this year, second only to restaurants and hotels.