Construction Industry News

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 2020, mostly attributed to the impact of the ongoing coronavirus pandemic. 

WASHINGTON (August 11, 2020)—

WASHINGTON—The United States Department of Labor’s Occupational Safety and Health Administration (OSHA) announced that the seventh annual National Stand-Down to Prevent Falls in Construction has been rescheduled for September 14-18, 2020.

PLANO, Texas (July 23, 2020)—Hilti North America announced a new innovation that is more connected to its customers than any tool of its time, the EXO-O1 wearable exoskeleton. Hilti’s new human augmentation device will help commercial contractors, tradesman and management alike tackle health and safety as well as labor shortage challenges.

DALLAS (August 3, 2020)—Jacobs Engineering Group Inc. recently announced its financial results for the fiscal third quarter ended June 26, 2020.

LOS ANGELES (August 4, 2020)—AECOM recently reported third quarter fiscal year 2020 results. 

WASHINGTON (August 3, 2020)—National nonresidential construction spending declined 0.2% in June, according to an Associated Builders and Contractors analysis of data published by the United States Census Bureau. On a seasonally adjusted, annualized basis, spending totaled $812.9 billion for the month.

LOS ANGELES (July 29, 2020)—Tutor Perini Corporation reported results for the 3 months ended June 30, 2020. Revenue was $1.3 billion, up 13% compared to $1.1 billion for the second quarter of last year.

NATIONAL—Construction employment decreased in 225 (62%) out of 358 metro areas between June 2019 and last month despite widespread increases from May to June, according to an analysis of new government data that the Associated General Contractors of America.

Birmingham, Ala. (July 29, 2020)—Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Procore.

The live, online event, “The Power of Platform Technology” will take place July 29, 2020, at 2 p.m. EDT, and will share how you can help your business adapt to change using open, integrated systems.

WASHINGTON (July 22, 2020)—Demand for design services from architecture firms began to stabilize in June, following their peak declines in April, according to a new report today from The American Institute of Architects (AIA).

WASHINGTON—The United States Department of Labor’s Occupational Safety and Health Administration (OSHA) has revised the 

Swedish construction firm Skanska posted its 2020 second quarter results, and like many in the industry, felt the effects of the ongoing global pandemic. Here are the high points: 

SAN RAFAEL, Calif. (July 22, 2020) — Autodesk, Inc. announced it has signed a definitive agreement to acquire Pype, a provider of cloud-based solutions for automating construction project management workflows.

NEW JERSEY (July 22, 2020)—The COVID-19 pandemic and resulting recession have wreaked havoc on United States building markets. According to Dodge Data & Analytics, commercial and multifamily starts were quite healthy during January and February but stalled as the pandemic hit the nation in March.

Birmingham, Ala. (July 20, 2020)—Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with AvidXchange.

The live, online event, “5 Tips to Protect Your Construction Business Against Financial Fraud” will take place Aug. 20, 2020, at 2 p.m. EDT, and will cover how to recognize and prevent common types of fraud attacks.

NATIONAL (July 17, 2020)—Construction employment increased from May to June in 31 states and the District of Columbia, but the gains may have stalled, according to an analysis by the Associated General Contractors of America of government employment data released and a 

WASHINGTON (July 21, 2020)—As a result of the partially shutdown economy, businesses and organizations will continue to be hesitant to invest in modernized or new facilities, according to a mid-year update to the American Institute of Architects’ (AIA) Consensus Construction Forecast. The trend ends an almost decade-long expansion in construction spending.

NEW JERSEY (July 16, 2020)—Total construction starts increased 6% in June to a seasonally adjusted annual rate of $641.4 billion. This marks the second consecutive monthly gain in construction starts following the COVID-19 induced declines in March and April. In June nonresidential building starts gained 6% and starts in the nonbuilding sector moved 27% higher. Residential starts, by contrast, fell 6% during the month.