HAMILTON, N.J.(Jan. 26, 2021) —The value of commercial and multifamily construction starts in the top 20 metropolitan areas of the United States lost 23% in 2020, falling to $111.1 billion according to Dodge Data & Analytics. Nationally, commercial and multifamily starts tumbled 20% over the year to $193.4 billion.
The United States Small Business Administration has spent January 2021 making several key announcements regarding Paycheck Protection Program (PPP) loans, including guidance concerning PPP loan review and several final rulings on the topic.
The 46th president of the United States, Joe Biden, has been in office for less than a week, and he has already made several key changes—including signing 15 executive orders on his first day in the White House. Here's a quick recap of changes that affect the construction industry:
This week, New York Governor Andrew Cuomo released his fiscal year 2022 spending plan, which included $306 billion in funding for infrastructure and construction projects in the state over the next year. Cuomo referred to the sizable plan as the "largest in the nation." Here's the high points of that particular section in the funding package: