Economy: Page 32


  • Marriott trims US hotel plans, cancels development meeting

    The hotel giant's shrinking pipeline is due to "a lackluster lending environment and owner uncertainty,” according to CEO Arne Sorenson.

    By Aug. 20, 2020
  • Infrastructure starts plummet 31% in July, other sectors make small gains

    Nonresidential building gained 3%, providing some evidence that a recovery may be underway, according to Dodge Data & Analytics. Another construction analyst was more bearish on the results. 

    By Aug. 19, 2020
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    Trendline

    Labor

    A roundup of articles about issues affecting the workforce.

    By Construction Dive staff
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    Why compliance education is still a smart investment during the pandemic

    Forgoing yearly training for your compliance staff during the pandemic could be a huge mistake.

    Aug. 19, 2020
  • Architectural billings continue to decline

    The AIA Billings Index fell again in July, albeit at a slower pace than earlier this year when the index dropped to an historic low.

    By Updated Aug. 24, 2020
  • AECOM ups guidance after mixed Q3 results, resumes talks to sell units

    Essential status of its infrastructure projects insulated the firm from COVID-19 initially, and AECOM beat Wall Street estimates. But the results came on lower revenue, and private business slowed in June.

    By Aug. 5, 2020
  • $9.6B worth of infrastructure projects delayed or canceled during COVID-19

    The American Road & Transportation Builders Association released a report detailing projects that have been delayed or canceled by 44 states, transportation authorities and local governments. 

    By Aug. 4, 2020
  • Top 10 cities for construction workers

    Small and midsize cities pay above-average construction wages and boast modest costs of living that make them excellent locations for workers in the industry, according to a new analysis.

    By Jennifer Goodman • Aug. 3, 2020
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    Readers Respond: COVID-19 will disrupt construction for at least another year

    Construction Dive readers who answered our latest survey voiced a growing acceptance, and concern, over the novel coronavirus persisting well into 2021 and beyond.  

    By July 30, 2020
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    Q&A

    How a Pennsylvania contractor employs a team approach to COVID-19 challenges

    Poole Anderson Construction President Stephanie Schmidt talks about furloughs, safety protocols and finding the most comfortable face coverings for her employees.

    By Jennifer Goodman • July 23, 2020
  • Readers Respond: PPP loans help keep workers on payroll

    Of the 92% of respondents to a Construction Dive survey who received Paycheck Protection Program funding, many hope the loans will be forgiven.

    By Jennifer Goodman • July 16, 2020
  • Report: AEC proposal activity at lowest level in a decade

    While proposal activity shrank due to COVID-19, a few construction sectors experienced growth in Q2, according to PSMJ Resources.

    By Jennifer Goodman • July 15, 2020
  • Materials prices rise for second straight month since COVID-19 crisis began

    New analysis shows soaring lumber and petroleum costs were the biggest contributors to rising materials prices for contractors, with lumber prices up 50% since mid April.

    By Jennifer Goodman • July 12, 2020
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    Take our survey: What's your experience with PPP loans?

    Construction Dive wants to know: How many of your employees is the Paycheck Protection Program helping to support?

    By Jennifer Goodman • July 10, 2020
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    Q&A

    McHugh Construction rethinks budgets, schedules to focus on new normal

    The president of the 123-year-old Chicago-based construction firm talks about tracking virus-related project costs and his fear of complacency.

    By Jennifer Goodman • July 9, 2020
  • Friday Feedback: Should construction be halted in areas showing a rise in COVID-19 cases?

    When the coronavirus outbreak first hit the U.S., states and jurisdictions limited nonessential work, including construction. Is it time to consider new shutdowns in order to keep workers safe? Let us know.

    By Jennifer Goodman • June 19, 2020
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    McCarthy Building Companies
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    McCarthy regional office is on the front line of key projects

    McCarthy Southern California Region President Mike Myers talks about the company's work on essential projects in healthcare, research and infrastructure and its extensive protocols for dealing with COVID-19.

    By Jennifer Goodman • June 18, 2020
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    Lenders' top tips for weathering the COVID-19 crisis

    The coronavirus pandemic has made contractors’ relationships with their banks more important than ever. Here’s how to ensure a smooth partnership even during difficult times.

    By Jennifer Goodman • June 16, 2020
  • Beyond PPP: Federal loans, tax credits for contractors

    Here's the lowdown on some options other than the Paycheck Protection Program for financial assistance including Main Street loans and CARES Act tax credits.

    By Kim Slowey • June 15, 2020
  • PPP loans now only require 60% of funds for payroll use

    Several sought-after changes to make the loan program more useful to contractors and others were signed into law by President Donald Trump. 

    By Robert Freedman • June 8, 2020
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    Construction employment sees record rebound in May

    New government employment data points to a sooner-than-expected economic recovery, according to ABC economist Anirban Basu.

    By Jennifer Goodman • June 8, 2020
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    Q&A

    Messer Construction avoids layoffs, prepares for future challenges

    Although the Cincinnati-based firm has seen very few projects canceled, company leaders are preparing for a decline in backlog, increased competition and a potential second wave of COVID-19.

    By Jennifer Goodman • June 4, 2020
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    Gilbane exec: COVID-19 will lead to lower material prices

    The coronavirus' impact on the supply chain has been "less than expected," Joe Piro, vice president of supply chain for Gilbane Building Co., told Construction Dive.

    By June 2, 2020
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    What new PPP loan guidance means for contractors

    The clarifications are intended to make the Paycheck Protection Program more flexible for construction and other businesses while Congress works to expand some of the program's parameters.  

    By Kim Slowey • June 2, 2020
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    Construction industry is like 'a rocket about to take off'

    The CEO of one of the country's top electrical subcontracting firms sees U.S. construction slowing, but only temporarily.

    By Jennifer Goodman • May 28, 2020
  • Coronavirus has affected construction the most in these 10 states

    More than any others, these states are dealing with historic levels of construction unemployment, a decline in jobsite activity and government shutdowns.

    By Jennifer Goodman • May 27, 2020