NATIONAL—Last week, President-elect Joe Biden announced a $1.9 trillion stimulus plan—the American Rescue Plan—which aims to sustain United States citizens and businesses until vaccines are widely distributed across the country.
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Fluor Corporation announced an updated organizational and reporting structure that better aligns its business with identified growth markets and company strategy.
NATIONAL—Construction employment increased by 51,000 jobs in December, with gains for nonresidential as well as residential contractors, according to an analysis by the Associated General Contractors of America of government data released today.
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WASHINGTON (Jan. 4, 2021)—National nonresidential construction spending fell 0.6% in November 2020, 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 $792.5 billion for the month.
WASHINGTON—More contractors are facing a shortage of building materials as the pandemic continues, according to fourth quarter data from the United States Chamber of Commerce Commercial Construction Index (Index).