Articles Tagged with ''economic analysis''

Thirty-nine states lost construction jobs between August 2019 and August 2020 while 31 states and the District of Columbia added construction jobs between July and August according to an analysis of Labor Department data released by the Associated General Contractors of America.

Construction employment increased by 16,000 jobs in August, but the gains were concentrated in housing, while the infrastructure and nonresidential building construction sector lost 11,000 jobs.

Construction spending declined for the fourth consecutive month in as decreases in single-family, highway and educational projects outweighed increases in several private nonresidential categories.

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued a statement in reaction to the release of Senate Republican’s latest coronavirus relief measure, the Heals Act.

Construction employment decreased in 225, or 62 percent, 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 released yesterday.

In a sign that housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June. 

The Q2 2020 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index (Index) released on June 23 plunged from 74 in Q1 to 56 in Q2.

The U.S. Green Building Council (USGBC) has released four new Safety First Pilot Credits in response to the Coronavirus Disease 2019 (COVID-19). 

Construction employment rebounded by 464,000 jobs in May, but the total remained 596,000 below the latest peak in February and the industry’s 12.7 percent unemployment rate was the highest for May since 2012, according to an analysis by the Associated General Contractors of America of government data released today.

Even in normal times, it is very important to understand the notification requirements in your contract with the general contractor or owner.