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.
Need a quick recap of what leading associations are reporting in terms of construction stats? We've got you.
WASHINGTON (Jan. 15, 2021)—Construction input prices increased 1.8% in December 2020 compared to the previous month, according to an Associated Builders and Contractors analysis of the United States Bureau of Labor Statistics’ Producer Price Index data.
NEW JERSEY (January 19, 2021)—Total construction starts lost 5% in December, falling to a seasonally adjusted annual rate of $784.3 billion. Nonresidential building starts fell 11% during the month, while nonbuilding starts were 5% lower.
WASHINGTON (Jan. 20, 2021)—Demand for design services from United States architecture firms took a pointed dip last month, according to a new report from the American Institute of Architects (AIA).
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.
NATIONAL—Construction employment increased by 51,000 jobs in December, with gains for nonresidential as well as residential contractors, according to an analysis by the Associated General Contractors of America of government data released today.
SALT LAKE CITY—In December 2020, the Utah Section of the American Society of Civil Engineers (ASCE) today released preliminary findings from its 2020 Report Card for Utah's Infrastructure. Utah civil engineers gave 12 categories of infrastructure an overall grade of a 'C
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.
NEW JERSEY (Dec. 16, 2020)—Total construction starts fell 2% in November to a seasonally adjusted annual rate of $797.5 billion following a strong gain in October. Residential starts fell 7% during the month, while nonbuilding starts dropped 14%.
NATIONAL—This week, the Associated Builders and Contractors of America (ABC), the Equipment Leasing and Finance Foundation (the Foundation), and NTEA, the association for the work truck industry, released three economic outlooks for the United States construction industry in 2021
LOS ANGELES (Dec. 10, 2020)—AECOM announced the signing of a definitive agreement to sell its civil construction business, which includes the Shimmick Construction business, to affiliates of Oroco Capital.
WASHINGTON—More contractors are facing a shortage of building materials as the pandemic continues, according to new fourth quarter data from the United States Chamber of Commerce Commercial Construction Index.
NEW JERSEY (December 7, 2020)—The Dodge Momentum Index fell 2.6% in November to 123.3 from the revised October reading of 126.5.