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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 Unemployment Rates Down in 20 States, Showing Regional Improvements in Jobs Numbers
    WASHINGTON (Dec. 3, 2020)—Like most of the economy, construction, and therefore construction employment, was hit hard by the spread of COVID-19 and measures to limit the pandemic. However, construction performed better
    Read More →: Construction Unemployment Rates Down in 20 States, Showing Regional Improvements in Jobs Numbers

  • Jacobs Reports 6.5% Revenue Growth in 2020 + Announces Acquisition of PA Consulting
    Jacobs Engineering Group Inc. recently announced its financial results for the fiscal fourth quarter and fiscal year ended Oct. 2, 2020. Q4 2020 Financial Highlights: Revenue of $3.5 billion grew 3.7% year-over-year; net revenue
    Read More →: Jacobs Reports 6.5% Revenue Growth in 2020 + Announces Acquisition of PA Consulting

  • Nonresidential Construction Spending Unchanged in October, Says ABC
    WASHINGTON (December 1, 2020)—National nonresidential construction spending was virtually unchanged in October, according to an Associated Builders and Contractors analysis of data published by the United States Census Bureau. On a seasonally adjusted,
    Read More →: Nonresidential Construction Spending Unchanged in October, Says ABC

  • Nonresidential Construction Spending Remains Flat In October While Residential Construction Expands
    WASHINGTON (December 1, 2020)—The construction industry’s fortunes continued to diverge in October, as residential construction expanded again while nonresidential construction remained largely unchanged from a month ago and is down compared
    Read More →: Nonresidential Construction Spending Remains Flat In October While Residential Construction Expands

  • What the New IRS Guidance Means for Your Firm’s PPP Loan
    The United States Internal Revenue Service (IRS) has released several items containing guidance related to Paycheck Protection Program (PPP) loans—specifically for businesses planning to seek forgiveness for the loans. In short, the
    Read More →: What the New IRS Guidance Means for Your Firm’s PPP Loan

  • Autodesk Acquires Spacemaker
    SAN RAFAEL, Calif., (Nov. 17, 2020)—Autodesk Inc. announced it has signed a definitive agreement to acquire Spacemaker for $240 million net of cash. Based in Oslo, Norway, Spacemaker uses cloud-based, artificial intelligence (AI) and generative design to help
    Read More →: Autodesk Acquires Spacemaker

  • Architecture Billings Remain Stalled in October
    WASHINGTON (Nov. 18, 2020)—While architectural billings failed to show much progress during October, signs of improving business conditions at firms have emerged, according to a new report from the American Institute
    Read More →: Architecture Billings Remain Stalled in October

  • Overall Construction Starts Rebound in October
    NEW JERSEY (Nov. 16, 2020)—Total construction starts rose 12% in October to a seasonally adjusted annual rate of $787.9 billon. While sizeable, the increase does not erase September’s substantial pullback in
    Read More →: Overall Construction Starts Rebound in October

  • Autodesk Construction Cloud Announces New Project Management, Quantification & Design Coordination Products
    SAN RAFAEL, California (Nov. 17, 2020)—Autodesk Inc. announced a new set of products for Autodesk Construction Cloud that further connect data, workflows and teams throughout the entire building life cycle, from design to operations. Built
    Read More →: Autodesk Construction Cloud Announces New Project Management, Quantification & Design Coordination Products

  • AECOM Announces Q4 & FY 2020 Results
    LOS ANGELES (Nov. 16, 2020)—AECOM reported fourth quarter and full year fiscal 2020 results. Full Year Fiscal 2020 Accomplishments Revenue was $13.2 billion, and net service revenue2 of $6.2 billion declined by 2% compared to the
    Read More →: AECOM Announces Q4 & FY 2020 Results

  • HKA Report Finds Scope of Work Changes Top List of Construction Disputes
    PHILADELPHIA—The astonishing toll of overrunning costs and schedules on major engineering and construction projects worldwide is laid bare in an analysis of claims and disputes published recently by HKA. CRUX Insight
    Read More →: HKA Report Finds Scope of Work Changes Top List of Construction Disputes

  • Dodge Momentum Index Dips 1.8% in October
    NEW JERSEY (Nov. 6, 2020)—The Dodge Momentum Index fell 1.8% in October to 127.5 from the revised September reading of 129.8. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure
    Read More →: Dodge Momentum Index Dips 1.8% in October

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