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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.

  • Construction Sector Adds 51,000 Jobs In December, But Gains Are Likely Temporary As New Industry Survey Finds Widespread Pessimism For 2021
    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
    Read More →: Construction Sector Adds 51,000 Jobs In December, But Gains Are Likely Temporary As New Industry Survey Finds Widespread Pessimism For 2021

  • Nonresidential Spending Declines in November
    WASHINGTON (Jan. 4, 2021)—National nonresidential construction spending fell 0.6% in November 2020, according to an Associated Builders and Contractors analysis of data published by the United States Census Bureau. On a seasonally adjusted annualized basis,
    Read More →: Nonresidential Spending Declines in November

  • 6 Key Takeaways From the U.S. Chamber’s Q4 Commercial Construction Index
    WASHINGTON—More contractors are facing a shortage of building materials as the pandemic continues, according to fourth quarter data from the United States Chamber of Commerce Commercial Construction Index (Index). In Q4 2020, 41% of contractors
    Read More →: 6 Key Takeaways From the U.S. Chamber’s Q4 Commercial Construction Index

  • Utah Infrastructure Gets C+ Grade from Civil Engineers: What You Can Learn
    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
    Read More →: Utah Infrastructure Gets C+ Grade from Civil Engineers: What You Can Learn

  • What’s in the COVID-19 Relief Package for Construction
    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
    Read More →: What’s in the COVID-19 Relief Package for Construction

  • Construction Starts Drop 2% in November
    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
    Read More →: Construction Starts Drop 2% in November

  • What to Expect in 2021 from 3 Industry Forecasts
    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
    Read More →: What to Expect in 2021 from 3 Industry Forecasts

  • AECOM Announces Agreement to Sell Its Civil Construction Business
    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. The transaction is expected to
    Read More →: AECOM Announces Agreement to Sell Its Civil Construction Business

  • Less Availability of Building Materials Emerges as a Significant Pandemic Challenge for Contractors
    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. This quarter,
    Read More →: Less Availability of Building Materials Emerges as a Significant Pandemic Challenge for Contractors

  • WSP Acquires Golder Associates
    MONTREAL (Dec. 03, 2020)—WSP Global Inc. announced that it has entered into an arrangement agreement providing for the acquisition of all of the issued and outstanding shares of Enterra Holdings Ltd., the
    Read More →: WSP Acquires Golder Associates

  • Dodge Momentum Index Drops 2.6% in November
    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. The Momentum Index, issued by Dodge Data & Analytics, is a
    Read More →: Dodge Momentum Index Drops 2.6% in November

  • STO Building Group Acquires Abbott Construction
    NEW YORK, New York/SEATTLE, Washington (November 30, 2020)—Abbott Construction announced that it has merged with STO Building Group to become a member of the STO family of companies. The merger will
    Read More →: STO Building Group Acquires Abbott Construction

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