Economy

Survey: Is US political unrest harmful to construction?

Running a business is never easy, but corporate leaders say that recent political and economic uncertainty could make it more difficult. What's your take?

By Jenn Goodman • Jan. 14, 2021

The 13 construction sectors contractors expect to shrink in 2021

The AGC found that construction pros think only alternative healthcare facilities, warehouses and water and sewer facility work will make small gains this year while many sectors could experience double-digit declines.

By Joe Bousquin • Jan. 11, 2021

Latest round of PPP loan program kicks off today

The $284 billion package prioritizes community financial institutions for fund distribution and has special considerations for minority, underserved, veteran and women-owned businesses. 

By Jenn Goodman , Dan Ennis • Jan. 11, 2021

Construction, other trade groups decry mob violence at US Capitol

Despite Wednesday's unrest, AGC's chief said the violent attack by Trump supporters won't stop the peaceful transfer of power.

By Joe Bousquin • Jan. 08, 2021

What's in the new COVID-19 relief package for contractors?

Billions of dollars of funding for roads, harbors, schools, military housing, broadband and clean energy is aimed at spurring construction.

By Joe Bousquin • Jan. 07, 2021

Dems edge closer to Senate control, raising stakes for construction

As the country awaits the final outcome of yesterday's runoff in Georgia, there's no doubt that the impacts will be far-reaching for contractors.

By Joe Bousquin , Jenn Goodman • Jan. 06, 2021

Can the pandemic's construction lessons help Biden boost infrastructure?

Public projects that have been rolled out with lightning speed during the coronavirus provide a potential roadmap for how to kick off President-elect Joe Biden's Build Back Better campaign, industry leaders say.

By Joe Bousquin • Dec. 21, 2020

Sponsored by HammerTech

The spotlight is on you construction

Wrapping up 2020 we wanted to act, not just talk. So, this is how we are giving back to you, construction.

'Tough slog' for construction ahead, says Dodge economist

A trio of commercial construction data points — from Dodge Analytics and two leading industry trade groups — emerged this week, none of them good.

By Joe Bousquin • Dec. 09, 2020

AGC sues feds over PPP loan necessity questionnaire

The Associated General Contractors of America's lawsuit seeks to compel the federal government to revise the Paycheck Protection Program questionnaire, saying "they do not have the right to use a secretly crafted form to gather unprecedented amounts of proprietary information."

By Jenn Goodman • Dec. 09, 2020

Q&A

PPP necessity form: What contractors need to know

A CPA sheds light on the new loan necessity questionnaire for Paycheck Protection Program borrowers, a requirement that has been called "confusing and burdensome" by industry groups.

By Jenn Goodman • Nov. 24, 2020

AECOM beats Q4 estimates, sees opportunity in Biden administration

The firm exceeded analysts' expectations for earnings and revenue in its most recent quarter and sees potential growth for infrastructure projects next year. 

By Joe Bousquin • Nov. 17, 2020

States with biggest drops, gains in construction employment

While the construction industry added jobs last month, its employment picture is highly variable across the country. Here are the states that have gained and lost the most construction jobs.

By Jenn Goodman • Nov. 12, 2020

Readers Respond: Contractors nervous about what a Biden presidency means for the industry

From infrastructure spending and union support to immigration, taxes and regulations, construction pros are concerned about many issues.

By Jenn Goodman • Nov. 12, 2020

Bankers: Commercial, multifamily loans down 47%, but up from Q2

Some sectors have been hit harder than others, with hotel properties seeing a 94% year-over-year drop in lending volumes compared to a year ago, according to the Mortgage Bankers Association.

By Joe Bousquin • Nov. 10, 2020

Casino construction gets a boost from voters

Recently approved gambling initiatives will give the hospitality construction sector new work on projects priced from $300 million to $1.2 billion in several states, industry officials say.

By Jenn Goodman • Nov. 10, 2020

SBA releases borrower data on smaller PPP loans

The Small Business Administration has disclosed the names, addresses and loan amounts for each Paycheck Protection Program and Economic Injury Disaster Loan borrower.

By Dan Ennis • UPDATED: Dec. 8, 2020 at 8:10 a.m.

What's in store for contractors under a Biden presidency?

From infrastructure spending and union support to immigration, taxes and regulations, the construction industry will face a new set of challenges and opportunities under a Biden administration.

By Joe Bousquin , Kim Slowey • Nov. 07, 2020

Las Vegas construction market takes a hit from COVID-19

Does a recent drop in Sin City's commercial construction activity signify a prolonged slump or just a temporary lag in projects? Industry experts weigh in.

By Shelley D. Hutchins, LEED-AP • Nov. 04, 2020

The 10 cities in the most financial distress

Las Vegas, Chicago and Houston are home to the residents experiencing the heaviest financial burdens, according to a recent WalletHub study.

By Cailin Crowe • Oct. 30, 2020

Fluor reports delayed Q2 2020 results, $4.1B in revenue

Revenue was affected by COVID-19 challenges, the company said, and backlog was $29 billion.

By Jenn Goodman • UPDATED: Nov. 13, 2020 at 8:18 a.m.

7 coronavirus-related construction challenges that will continue in 2021

Although contractors weathered a range of obstacles this year, the headwinds will not end when 2020 does, economists and other experts predict.

By Shelley D. Hutchins, LEED-AP • Oct. 21, 2020

House panel blasts banks over gap in PPP processing time

Businesses that borrowed up to $5 milllion had their Paycheck Protection Program loans processed much more quickly than those that borrowed less than $100,000, a new report found.

By Dan Ennis • Oct. 20, 2020

Where Trump, Biden stand on construction-related issues

This comparison looks at the nominees' platforms on topics of importance to contractors such as infrastructure spending, job creation and immigration.

By HR Dive and Construction Dive staffs • Oct. 19, 2020

SBA, Treasury unveil simplified PPP forgiveness documents

The federal government has rolled out a two-page version of its forgiveness application for Paycheck Protection Program loans of $50,000 or less in an effort to ease the burden for lenders and small businesses.

By Anna Hrushka • Oct. 15, 2020