DALLAS (Dec. 18, 2023) — ISN, a global provider of contractor and supplier information management services, released its latest Serious Injuries and Fatalities (SIFs) White Paper. For the new edition, ISN added 2022 data to its previous five-year exploration of SIFs to provide an even more in-depth analysis, along with spotlights for five industries focused on 2022 data: transportation, oil and gas, manufacturing, mining and utilities.
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.
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.
WASHINGTON (Feb. 1, 2021) — On Friday, the United States Congress approved a budget resolution that would pave the way for President Joe Biden's $1.9 trillion relief plan to pass — with some key adjustments. The Senate voted to approve early that morning in an even vote in which Vice President Kamala Harris cast the tie-breaking vote.
NATIONAL—Last week, President-elect Joe Biden announced a $1.9 trillion stimulus plan—the American Rescue Plan—which aims to sustain United States citizens and businesses until vaccines are widely distributed across the country.
Over the weekend, President Trump signed a massive $2.3 trillion coronavirus relief and government funding bill, averting a government shutdown that was due to start on Tuesday if an agreement was not reached beforehand.
LOS ANGELES (Nov. 16, 2020)—AECOM reported fourth quarter and full year fiscal 2020 results.
Full Year Fiscal 2020 Accomplishments
NEW JERSEY (November 10, 2020)—Dodge Data & Analytics released its 2021 Dodge Construction Outlook. The report predicts that total United States construction starts will increase 4% in 2021, to $771 billion.
NATIONAL (October 28, 2020)—Construction firms are experiencing widespread project deferrals and cancellations, along with disruptions to ongoing work and few new project awards, as the economic damage from the pandemic drags down industry employment in metro areas across the nation, according to a new survey a
NATIONAL (October 15, 2020)—Turner Construction Company announced that the Q3 2020 Turner Building Cost Index—which measures costs in the nonresidential building construction market in the United States—has decreased to a value of 1171. This represents a 0.51% reduction from the Q2 2020.
Construction-put-in-place during July 2020 was estimated at $1,346.6 billion, which was 0.1% below the revised estimate from July 2019, according to Rider Levett Bucknall’s (RLB) Third Quarter 2020 Construction Cost Report. Here's some other key points from the report:
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.
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.
LOS ANGELES (August 4, 2020)—AECOM recently reported third quarter fiscal year 2020 results.
LOS ANGELES (July 29, 2020)—Tutor Perini Corporation reported results for the 3 months ended June 30, 2020. Revenue was $1.3 billion, up 13% compared to $1.1 billion for the second quarter of last year.
NEW JERSEY (July 22, 2020)—The COVID-19 pandemic and resulting recession have wreaked havoc on United States building markets. According to Dodge Data & Analytics, commercial and multifamily starts were quite healthy during January and February but stalled as the pandemic hit the nation in March.
NATIONAL (July 17, 2020)—Construction employment increased from May to June in 31 states and the District of Columbia, but the gains may have stalled, according to an analysis by the Associated General Contractors of America of government employment data released and a
NEW JERSEY (July 16, 2020)—Total construction starts increased 6% in June to a seasonally adjusted annual rate of $641.4 billion. This marks the second consecutive monthly gain in construction starts following the COVID-19 induced declines in March and April. In June nonresidential building starts gained 6% and starts in the nonbuilding sector moved 27% higher. Residential starts, by contrast, fell 6% during the month.