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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 Expects Construction Starts to Recover in 2021
    NEW JERSEY (November 10, 2020)—Dodge Data & Analytics released its 2021 Dodge Construction Outlook. The report predicts that total United States construction starts will increase 4% in 2021, to $771 billion. “The
    Read More →: Dodge Data & Analytics Expects Construction Starts to Recover in 2021

  • Skanska Reports a 29% Decrease in Profits in Q3, Still Beating Expectations
    NATIONAL—Skanska released a ninth-month report recording results from January through September 2020. The Swedish construction firm reported a decline in third-quarter profits of 29%, a number which beat earlier analyst expectations
    Read More →: Skanska Reports a 29% Decrease in Profits in Q3, Still Beating Expectations

  • Granite Construction Releases Q3 Results, News on Internal Investigation
    WATSONVILLE, California-—Granite Construction Incorporated provided a business update and third quarter 2020 preliminary select financial information. “I am pleased today to discuss some highlights of Granite’s recent performance, but first, I
    Read More →: Granite Construction Releases Q3 Results, News on Internal Investigation

  • Construction Backlog Rebounds in October; Contractor Optimism Rises
    WASHINGTON (November 10, 2020)—Associated Builders and Contractors reported that its Construction Backlog Indicator rebounded to 7.7 months in October, an increase of 0.2 months from September’s reading, according to an ABC member survey
    Read More →: Construction Backlog Rebounds in October; Contractor Optimism Rises

  • Construction Sector Adds 84,000 Workers In October, But Growing Number Of Project Cancellations Risks Undermining Future Industry Job Gains
    NATIONAL (Nov. 6, 2020)—Construction employment increased by 84,000 jobs in October, with jobs added in both nonresidential and residential categories, according to an analysis by the Associated General Contractors of America
    Read More →: Construction Sector Adds 84,000 Workers In October, But Growing Number Of Project Cancellations Risks Undermining Future Industry Job Gains

  • Commercial & Multifamily Loans Decrease 47% in Q3 2020 YOY
    WASHINGTON (November 3, 2020)—Commercial and multifamily mortgage loan originations were 47% lower in the third quarter compared to a year ago, and increased 12% from the second quarter of 2020, according
    Read More →: Commercial & Multifamily Loans Decrease 47% in Q3 2020 YOY

  • Tutor Perini Posts Strong Q3 2020 Results
    LOS ANGELES—Tutor Perini Corporation reported results for the third quarter of 2020. Revenue was $1.4 billion, the highest revenue of any quarter in more than 10 years and up 21% compared to
    Read More →: Tutor Perini Posts Strong Q3 2020 Results

  • Drop in Nonresidential Construction Offsets Most Residential Spending Gains as Growing Number of Contractors Report Cancelled Projects
    NATIONAL—A small increase in total construction spending in September masked a widening gap between declines in most nonresidential segments and robust gains in residential construction, according to an analysis by the
    Read More →: Drop in Nonresidential Construction Offsets Most Residential Spending Gains as Growing Number of Contractors Report Cancelled Projects

  • Fluor Names Its Third CEO in 2 Years
    IRVING, Texas—Fluor Corporation announced that David E. Constable, a member of the Fluor board of directors, has been appointed chief executive officer (CEO), effective January 1, 2021. Constable succeeds Carlos Hernandez, who will
    Read More →: Fluor Names Its Third CEO in 2 Years

  • More Contractors Report Canceled Projects Than Starts, Survey Finds; Construction Employment Declined In Most Metros In Latest 12 Months
    NATIONAL (October 28, 2020)—Construction firms are experiencing widespread project deferrals and cancellations, along with disruptions to ongoing work and few new project awards, as the economic damage from the pandemic drags
    Read More →: More Contractors Report Canceled Projects Than Starts, Survey Finds; Construction Employment Declined In Most Metros In Latest 12 Months

  • U.S. Economy Expands at 33.1% Annual Rate in Q3 of 2020, says ABC
    WASHINGTON (October 29, 2020)—The United States economy expanded at an annualized rate of 33.1% during the third quarter of 2020, helping to offset a significant share of the economic loss sustained during
    Read More →: U.S. Economy Expands at 33.1% Annual Rate in Q3 of 2020, says ABC

  • Fluor Reports Delayed First Q1 Results
    IRVING, Texas—Fluor Corporation has announced delayed financial results for its quarter ended March 31, 2020. Revenue for the quarter was $4.1 billion and the net loss from continuing operations was $171 million or
    Read More →: Fluor Reports Delayed First Q1 Results

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