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Here you will find the latest news and information from the construction industry. To keep up with the goings-on, don’t miss a thing by subscribing to our CBO Alert newsletter, as well as our all-product edition, the CBO Product Report.

  • Dodge Data & Analytics Report Shows Further Decline in National Construction Starts’
    HAMILTON, N.J. (March 16, 2021) — A report recently released by Dodge Data & Analytics shows that construction starts fell 2% in February to an adjusted rate of $797.3 billion. Nonresidential and residential
    Read More →: Dodge Data & Analytics Report Shows Further Decline in National Construction Starts’

  • American Rescue Plan Act of 2021 Includes Billions for Capital Projects
    WASHINGTON (March 12, 2021) — The $1.9 trillion relief bill signed by President Biden today includes $10 billion in funds for the “Coronavirus Capital Projects Fund.” These funds will go toward projects
    Read More →: American Rescue Plan Act of 2021 Includes Billions for Capital Projects

  • NTEA Work Truck Week 2021 Highlights Tech & the Shift Toward Electric Vehicles
    INDIANAPOLIS (March 8, 2021) — NTEA – The Association for the Work Truck Industry, kicked off its virtual Work Truck Week March 8. The event showcased new product releases and offered
    Read More →: NTEA Work Truck Week 2021 Highlights Tech & the Shift Toward Electric Vehicles

  • Nonresidential Employment Declines in February, Labor Market Tightness to Continue
    WASHINGTON (March 5, 2021) — According to an Associated Builders and Contractors (ABC) analysis of data released today by the U.S. Bureau of Labor Statistics, the construction industry lost 61,000 jobs net in February. While construction
    Read More →: Nonresidential Employment Declines in February, Labor Market Tightness to Continue

  • Engineer Score Card Gives US Infrastructure C-
    WASHINGTON (March 3, 2021) — The American Society of Civil Engineering (ASCE) released its 2021 Score Card today, bumping America’s infrastructure score up to a C-, the first time it has
    Read More →: Engineer Score Card Gives US Infrastructure C-

  • Biden Infrastructure Package Could Reach $2T
    WASHINGTON (March 2, 2021) — Transportation Secretary Pete Buttigieg called the upcoming boost to United States infrastructure a once-in-a-generation opportunity in an interview Tuesday. “Of course, this is not the first
    Read More →: Biden Infrastructure Package Could Reach $2T

  • Nonresidential Construction Spending Stabilizes in January 2021
    WASHINGTON (March 1, 2021) — Nonresidential construction spending increased by 0.9% in January over the previous month according to Associated Builders and Contractors analysis of data published by the U.S. Census Bureau.
    Read More →: Nonresidential Construction Spending Stabilizes in January 2021

  • Construction Costs Rise in February
    LONDON (Feb. 24, 2021) — According to survey results in the latest IHS Markit and the Procurement Executives Group (PEG), construction prices have continued an upward trend in the past month. This
    Read More →: Construction Costs Rise in February

  • FAST Act Law Funds 110,000 Road & Bridge Improvements
    WASHINGTON (Feb. 26, 2021) — A report from the American Road & Transportation Builders Association (ARTBA) shows that the 2015 Fixing America’s Surface Transportation (FAST) Act Law funded more than 110,000 Road
    Read More →: FAST Act Law Funds 110,000 Road & Bridge Improvements

  • Rising Lumber Prices Concern AGC, Construction Stakeholders
    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
    Read More →: Rising Lumber Prices Concern AGC, Construction Stakeholders

  • Biden Announces Changes to PPP Loans
    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,
    Read More →: Biden Announces Changes to PPP Loans

  • CED Report Aims to Aid in Infrastructure Repair
    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. The report
    Read More →: CED Report Aims to Aid in Infrastructure Repair

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