Tag: pandemic

May 3, 2023

Weakness in the single-family homebuilding sector likely accounted for much of the decrease in job openings, Basu said. Meanwhile, the fact that only about 10% of ABC’s mostly nonresidential members expect staffing levels to decrease over the next six months […]

August 23, 2022

Lendlease largely attributed its uneven performance to lasting impacts from the first years of the COVID-19 pandemic, restructuring and pulling out of non-core work. Lombardo highlighted Lendlease’s investments and work in progress. “We made significant progress in resetting our company […]

January 31, 2022

Fed policymakers Wednesday signaled their intention to reduce price pressures by raising the federal funds rate from a record near-zero low at their next meeting on March 15-16. “We’re committed to our price stability goal,” Fed Chair Jerome Powell said […]

December 13, 2021

While COVID-19 had an impact on backlogs across the construction industry, some public companies performed better than others. When a company failed to grow its backlog, it was often because it worked for a sector that was struggling. “The primary […]

December 9, 2021

When Adam Thalhimer, director of research at Richmond, Virginia-based investment advisor Thompson Davis & Co., evaluates the financial health of a public construction firm, earnings is always his first consideration. But backlog isn’t too far behind. In fact, Thalhimer said […]

November 1, 2021

Quite simply, many people aren’t aware of the career they could have in construction. That’s a large reason experts say construction is struggling to find and keep workers who build careers, rather than just work jobs. Since the COVID-19 pandemic, […]

October 27, 2021

We’re a little over a year and a half into the COVID-19 pandemic and the construction industry, like many other industries, is maneuvering several obstacles on its road to recovery. I think it’s important that we take time to understand […]

September 3, 2021

The latest (July 2021) U.S. put-in-place construction spending numbers from the Census Bureau are shown in Table 1 below. Year to date, the grand total is +6.2% (from the not seasonally adjusted/NSA column), but the decent-sized increase is only because […]

September 2, 2021

The development was deemed essential despite the shelter-in-place orders in California during the height of the pandemic. As construction work continued, the project team partnered with Prescient, maker of a pre-designed and pre-engineered framing system. With this system, the project […]

August 31, 2021

A notoriously slow Southern Nevada interchange has the ironic distinction of being a neighbor to the Las Vegas Motor Speedway. Soon, however, motorists, while not reaching NASCAR speeds, will be able to zip through the connection of Interstate 15 and […]

August 6, 2021

The nation’s construction industry, coupled with professional architects and engineers, play a significant role in the economic wellbeing of the U.S. economy. According to Federal Reserve Bank statistics, construction accounted for 4.3% of our GDP over the past 12 months. […]

July 19, 2021

Construction employment in June remained below the levels reached before the pre-pandemic peak in February 2020 in 39 states, according to an analysis by the Associated General Contractors of America of government employment data released today. Association officials noted that […]

June 11, 2021

Suffolk Construction, like many general contractors with a national footprint, saw the uneven impacts of COVID-19 as it hit different regions of the country firsthand. In its hometown of Boston, where former Mayor Marty Walsh shut down all jobsites quickly […]

May 21, 2021

The drought response proposal is part of Newsom’s California Comeback Plan, a $100 billion investment to help the state recover from the effects of the coronavirus pandemic. The plan includes expanded tax rebates for two-thirds of Californians and aid for […]

April 16, 2021

Construction’s recovery from the COVID-19 pandemic will vary greatly by city, but will most likely begin this year, a new report from construction management firm Cumming says. The company’s Q1 construction market analysis predicts that the industry’s resurgence will return […]

March 16, 2021

Construction employment in January remained below pre-pandemic levels in all but eight states, according to an analysis by the Associated General Contractors of America of government employment data released today, while more firms have reduced headcount than have added to […]

November 30, 2020

The coronavirus pandemic has been one more nail in the coffin for some of the country’s top brick-and-mortar retail brands. In the first eight months of 2020, 66 brands closed 13,262 stores — more than in all of 2019 — […]

October 15, 2020

The streamlined forgiveness process will affect 3.57 million of the 5.2 million loans originated under the program, which aimed to help small businesses weather the economic hardship brought on by the coronavirus pandemic, according to the SBA. Approximately $62 billion […]

October 6, 2020

OSHA in May outlined COVID-19 recording requirements but the most recent update addressed reports made directly to the agency. Overall, OSHA has declined to introduce strict, sweeping measures in response to the novel coronavirus pandemic. In fact, a group of […]

September 16, 2020

Six months after the coronavirus pandemic first shuttered offices across the U.S., contractors and design firms have, for the most part, settled into the “new normal.” With distancing and other safety protocols implemented at jobsites, some firms have returned to […]