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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.

  • ABC’s Construction Backlog Indicator Rebounds in August
    WASHINGTON (September 15, 2020)—Associated Builders and Contractors reported that its Construction Backlog Indicator rebounded to 8.0 months in August, an increase of 0.2 months from July’s reading, according to an ABC member
    Read More →: ABC’s Construction Backlog Indicator Rebounds in August

  • AEM & 87 Other Trade Groups Urge Congress to Renew FAST Act in Letter
    WASHINGTON—The Association of Equipment Manufacturers (AEM), together with the dozens of industry partners, sent a letter to congressional leadership, urging passage of a one-year extension of the current surface transportation law, the Fixing America’s
    Read More →: AEM & 87 Other Trade Groups Urge Congress to Renew FAST Act in Letter

  • Construction Employment Continues to Climb in August
    WASHINGTON (September 4, 2020)—Construction industry employment expanded by 16,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released by the United States Bureau of Labor Statistics.
    Read More →: Construction Employment Continues to Climb in August

  • Dodge Momentum Index Edges Up in August
    NEW JERSEY (September 8, 2020)—The Dodge Momentum Index increased 1.8% in August to 126.5 from the revised July reading of 124.2. The Momentum Index, issued by Dodge Data & Analytics, is
    Read More →: Dodge Momentum Index Edges Up in August

  • Coronavirus Has Caused Significant Delays & Cancellations, Yet Demand For Skilled Labor Is High, New Survey Finds
    NATIONAL (September 2, 2020)—Sixty percent of firms report future projects have been canceled or delayed, but 52% of firms struggle to find craft workers amid worker fears of COVID-19 and unemployment
    Read More →: Coronavirus Has Caused Significant Delays & Cancellations, Yet Demand For Skilled Labor Is High, New Survey Finds

  • U.S. Secretary of Labor Announces Award of Nearly $20M to Combat Opioid Crisis
    WASHINGTON—United States Secretary of Labor Eugene Scalia recently announced the award of nearly $20 million in funding to four states as part of a new pilot program to address the health
    Read More →: U.S. Secretary of Labor Announces Award of Nearly $20M to Combat Opioid Crisis

  • Nonresidential Construction Spending Falls Again in July
    WASHINGTON (September 1, 2020)—National nonresidential construction spending fell 1.2% in July, according to an Associated Builders and Contractors analysis of data published today by the United States Census Bureau. On a seasonally adjusted annualized
    Read More →: Nonresidential Construction Spending Falls Again in July

  • U.S. Transportation Secretary Announces $400M in Grants for 4 Infrastructure Projects
    WASHINGTON—The Trump Administration announced a total of $400 million in federal funding will be allocated by the United States Department of Transportation’s Federal Transit Administration (FTA) to four transit infrastructure projects in
    Read More →: U.S. Transportation Secretary Announces $400M in Grants for 4 Infrastructure Projects

  • WTO Sides with Canada Over Lumber Tariff Dispute with U.S.
    This week, the World Trade Organization ruled in favor of Canada in the latest round of a dispute that has been going on for nearly 40 years over tariffs imposed on softwood
    Read More →: WTO Sides with Canada Over Lumber Tariff Dispute with U.S.

  • July Architecture Billings Remain Stalled
    WASHINGTON (August 19, 2020)—Architectural billings failed to show any progress during July, and business conditions continued to be soft at firms, according to a new report from the American Institute of
    Read More →: July Architecture Billings Remain Stalled

  • Nonbuilding Construction Drops 31% in July
    NEW JERSEY (August 17, 2020)—Total construction starts fell 7% in July to a seasonally adjusted annual rate of $631.6 billion, according to Dodge Data & Analytics. The decline was due to
    Read More →: Nonbuilding Construction Drops 31% in July

  • Balfour Beatty Announces Half-Year 2020 Results
    NATIONAL (August 12, 2020)—United Kingdom-based general contractor Balfour Beatty reported its half-year 2020 results this week. The firm reported a 26 million pound ($34 million) loss in Q1 and Q2 of
    Read More →: Balfour Beatty Announces Half-Year 2020 Results

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