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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.
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.
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.
New York City and Brockton-Bridgewater-Easton, Mass. Have Worst 12-Month Losses, While Austin and Walla Walla, Wash. Top Job Gainers; 81 Percent of Metros Add Construction Jobs from May to June
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.
New Survey by the Associated General Contractors of America and HCSS Catalogs Work Zone Risks for Motorists and Workers as Construction Activity Increases Amid Growing Number of Road Trip Vacationers
Construction employment increased in 329 out of 358 metro areas between April and May as a new survey finds that two-thirds of highway construction firms had at least one crash in the past year at highway work zones they operate.
A new survey by the Associated General Contractors of America and data from construction technology firm Procore show that construction activity is returning to pre-coronavirus levels in many parts of the country and some firms are adding workers.
