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WASHINGTON—Associated Builders and Contractors reported that its Construction Backlog Indicator rose to 8.1 months in June, an increase of 0.2 months from May’s reading. CBI is down approximately 8% from its June 2019 level. Every region except the Middle States experienced an increase in backlog in June compared to May, according to an ABC member survey conducted from June 20-July 1.

NEWTON, Massachusetts–Proposal activity for architecture, engineering and construction (AEC) firms sank to its lowest quarterly level in over a decade in the second quarter of 2020, as the coronavirus-related downturn trimmed backlog and reduced revenue for firms coast to coast. 

WASHINGTON (July 10, 2020)—Construction input prices rose 2.2% in June, according to an Associated Builders and Contractors analysis of United States Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices rose by 2.3% for the month.

WASHINGTONAssociated Builders and Contractors announced the cancellation of ABC Convention 2020, which was scheduled for August 17-19 in Nashville, Tennessee. The event, which includes the National Craft Championships, Construction Management Competition and National Excellence in Construction Awards, was previously postponed from March due to the coronavirus pandemic. 

Construction spending declined for the third month in a row in May as a sharp slowdown in private projects more than offset a rise in public work, according to an analysis by the Associated General Contractors of America of government data released. Association officials warned that the pickup in public projects is likely to reverse soon unless the federal government acts quickly to invest in needed infrastructure and shore up crumbling state and local budgets.

NATIONAL—President Trump and his administration are working on an infrastructure proposal worth almost $1 trillion aimed at giving the volatile United States economy a much-needed boost. 

The existing infrastructure plan—the FAST Act—which authorized $305 billion over a 5-year term, will expire at the end of September.

LOS ANGELES (June 15, 2020) AECOM announced the appointment of W. Troy Rudd to chief executive officer (CEO). Currently AECOM’s chief financial officer, Rudd will assume the role from Michael S. Burke, who previously announced his plans to retire.

New home construction in the United States showed a positive return in May—good news after several months of decreasing numbers due in part to the coronavirus pandemic. 

In particular, a rebound in permits for future home construction (up 14.4%) showed promise that the industry might be coming out of a slump. The statistic is often an indicator of future activity and the overall health of the economy.