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Items Tagged with 'Associated General Contractors of America'
New Industry Outlook Finds Most Contractors Expect Demand for Many Categories of Construction to Decline, Few Firms Expect the Industry to Recover to Pre-Pandemic Levels Soon, but will Sustain IT Investments
Most contractors expect demand for many types of construction to shrink in 2021 even as the pandemic is prompting many owners to delay or cancel already-planned projects, meaning few firms will hire new workers.
Forecast Provides Insight into How Contractors Expect the Coronavirus to Continue Impacting the Industry, Whether Demand Will Recover and If They Plan to Add Staff, Technology This Year
On Thursday, January 7 at 12 p.m. EST, the Associated General Contractors of America and Sage will release its national and state construction hiring and business forecasts for 2021 during a virtual media event.
Measure’s Modest Amount of Funding for Infrastructure Projects and Clarification that PPP Loans May Not be Taxed Will Help Offset Some of the Challenges Facing the Construction Industry
The new coronavirus recovery measure should provide some needed relief for a construction industry that is coping with project cancellations and job losses in most parts of the country.
New York and Vermont Post Worst Losses since February as Virginia and South Dakota Add the Most; Maryland Records Worst One-Month Job Losses, While California and Alaska Post Biggest Gains
Construction employment in October remained depressed compared to pre-pandemic levels in three-fourths of states despite the fact 36 states and D.C. added new construction jobs in October.
Houston-The Woodlands-Sugar Land and Brockton-Bridgewater-Easton, Mass. Have Worst 12-Month Losses, While Dallas-Plano-Irving, Texas and Walla Walla, Wash. Lead in Construction Job Increases
Construction firms are experiencing widespread project deferrals and cancellations, along with disruptions to ongoing work and few new project awards, as the economic damage from the pandemic drags down industry employment in metro areas across the nation, according to a new survey and an analysis of new government data that the Associated General Contractors of America released today.
On Wednesday, October 28 at 2 p.m. EDT, the Associated General Contractors of America will release new data showing the ongoing impacts of the coronavirus on the construction sector and its impacts on metro area construction employment.
Construction Officials Caution that Demand for Non-Residential Construction Will Continue to Stagnate without New Federal Coronavirus Recovery Measures, Including Infrastructure and Liability Reform
Construction spending increased by 1.4 percent in August as strong gains in residential construction outweighed decreases in most private nonresidential segments and many public categories.
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.