Economy: Page 23
-
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 , Jennifer Goodman • Jan. 6, 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 -
Trendline
Top 5 stories from Construction Dive
Construction Dive editors curate some of the industry’s top stories from this year.
By Construction Dive staff -
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.
Dec. 14, 2020 -
'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. 9, 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 Jennifer Goodman • Dec. 9, 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 Jennifer 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 -
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 Jennifer Goodman • Nov. 12, 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 Jennifer Goodman • Nov. 12, 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 Jennifer Goodman • Nov. 10, 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 -
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 -
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. 7, 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. 4, 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 Jennifer Goodman • Updated Nov. 13, 2020 -
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 -
After a brief uptick, commercial construction backlog falls again
New data "indicate that we are in the early stages of a nonresidential construction spending downturn," said Associated Builders and Contractors Chief Economist Anirban Basu.
By Jennifer Goodman • Oct. 14, 2020 -
PPP forgiveness approvals could begin soon, SBA says
The Small Business Administration has received more than 96,000 Paycheck Protection Program loan forgiveness applications but has approved none, according to the agency's chief of staff.
By Dan Ennis, Jenn Goodman • Oct. 1, 2020 -
Modular builder Skender Manufacturing closes, citing coronavirus challenges
The demise of the Chicago-based company, an offshoot of Skender Construction, was due in part to a decline in hospitality projects and investors' diminished appetite for risk.
By Joe Bousquin • Oct. 1, 2020 -
Fluor announces $1.7B loss in delayed 2019 earnings report as SEC investigation continues
The company also suspended its guidance for 2020, saying that it has experienced "a significant shift in end markets in 2020 driven by volatility in commodity prices and the global disruption from the COVID-19 pandemic."
By Jennifer Goodman • Oct. 1, 2020 -
Construction scores a hat trick: Starts, jobs, backlog all rise
The construction industry has rebounded from the COVID-19 crisis more than any other segment in the U.S., new reports show, driven by positive numbers in several areas.
By Joe Bousquin • Sept. 21, 2020