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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.

  • Nonresidential Construction Spending Dips Nearly 1% in December
    WASHINGTON (Feb. 1, 2021) — National nonresidential construction spending declined 0.8% in December 2020, according to an Associated Builders and Contractors analysis of data published today by the United States Census Bureau.
    Read More →: Nonresidential Construction Spending Dips Nearly 1% in December

  • ABC Economist’s Updated Expectations for 2021
    WASHINGTON (Jan. 28, 2021) —The United States economy expanded at an annualized 4.0% rate in the fourth quarter of 2020 as the nation’s recovery from last spring’s economic devastation continued. Nonresidential
    Read More →: ABC Economist’s Updated Expectations for 2021

  • Pandemic Causes Sharp Pullback in Commercial & Multifamily Construction Starts in 2020
    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
    Read More →: Pandemic Causes Sharp Pullback in Commercial & Multifamily Construction Starts in 2020

  • SBA Announcements Clarify New Changes & Requirements for PPP Loans
    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
    Read More →: SBA Announcements Clarify New Changes & Requirements for PPP Loans

  • Biden’s First Week in Office: What You Need to Know
    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
    Read More →: Biden’s First Week in Office: What You Need to Know

  • N.Y. Governor Cuomo Announces $306B Infrastructure Plan
    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
    Read More →: N.Y. Governor Cuomo Announces $306B Infrastructure Plan

  • 3 Construction Industry Stats You Need to Know Now
    Need a quick recap of what leading associations are reporting in terms of construction stats? We’ve got you. Read a summary of what three industry organizations are reporting in construction activity
    Read More →: 3 Construction Industry Stats You Need to Know Now

  • Monthly Construction Input Prices Increase in December
    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
    Read More →: Monthly Construction Input Prices Increase in December

  • Construction Starts End 2020 on a Sour Note
    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
    Read More →: Construction Starts End 2020 on a Sour Note

  • Architecture Billings Continue to Lose Ground
    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). The
    Read More →: Architecture Billings Continue to Lose Ground

  • What’s in Biden’s $1.9T Stimulus Plan for Construction
    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. The
    Read More →: What’s in Biden’s $1.9T Stimulus Plan for Construction

  • Fluor Corporation Announces Plans for Reorganization of Business Segments & Sale of Maintenance Division
    Fluor Corporation announced an updated organizational and reporting structure that better aligns its business with identified growth markets and company strategy. Beginning in the first quarter of 2021, Fluor will conduct its operations
    Read More →: Fluor Corporation Announces Plans for Reorganization of Business Segments & Sale of Maintenance Division

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