Economy: Page 23


  • Capitol Hill
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    The image by Андрей Бобровский is licensed under CC BY 3.0
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    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 , Jan. 6, 2021
  • U.S. Army Corps of Engineers, Javits Center, COVID-19
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    Permission granted by U.S. Army Corps of Engineers
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    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 Dec. 21, 2020
  • Construction site Explore the Trendline
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    sandsun via Getty Images
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    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
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    Dusan Petkovic/Shutterstock

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    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 Dec. 9, 2020
  • US district court, DC
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    Retrieved from Wikipedia.
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    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 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 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 Nov. 17, 2020
  • Joe Biden
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    Retrieved from Gage Skidmore/Flickr.
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    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 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 Nov. 12, 2020
  • Rivers casino
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    Permission granted by Rush Street Gaming
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    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 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 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
  • Former Vice President of the United States Joe Biden speaking with attendees at the Presidential Gun Sense Forum hosted by Everytown for Gun Safety and Moms Demand Action at the Iowa Events Center in
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    "Joe Biden" by Gage Skidmore is licensed under CC BY-SA 2.0
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    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 , Kim Slowey • Nov. 7, 2020
  • Las Vegas skyline
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    Retrieved from Flickr/Deepti Hari.
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    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
  • las vegas
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    Prayitno. (2019). "Las Vegas, Nevada" [Photograph]. Retrieved from Flickr.
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    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
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    Fluor
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    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 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
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    Photography by Gage Skidmore / Photo Illustration by Kendall Davis/Construction Dive
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    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 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
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    Skender
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    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 Oct. 1, 2020
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    Fluor
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    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 Oct. 1, 2020
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    Dollar Photo Club
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    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 Sept. 21, 2020