Despite volatile market conditions in the past year, the multifamily sector remained a solid performer, with continued rent growth and steady development activity across the country. While developers experienced some construction delays due to the lack of construction materials and rising costs, multifamily projects continued to break ground.
There are a number of reports and outlets that help experts and executives keep their finger on the pulse of the construction industry. Curated by the Construction Dive staff, this page centralizes data from those resources and helps visualize it as a one-stop resource about construction industry spending, hiring, starts and billings. This construction industry data page is updated bimonthly.
The COVID-19 pandemic resulted in $9.8 billion in lost construction activity and 74,000 direct and indirect lost jobs in New York City, according to a report by the Building Trades Employers’ Association. The decline in jobs contributed to a $5.5 billion loss in total wages, the report said.
Construction employment in April remained below the pre-pandemic high set in February 2020 in 36 states and the District of Columbia, despite increases from March to April in 26 states, according to an analysis by the Associated General Contractors of America of government employment data. Association officials said that the sector’s recovery was being undermined by increases in materials prices, delays in receiving key construction supplies, and labor shortages.
The future of construction in 2022 looks bright, especially in the institutional sector, but contractors will have to overcome a multitude of challenges to enjoy it, based on two recent bellwether construction reports.
Construction input prices increased 1.3% in April compared to the previous month, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics Producer Price Index data. Nonresidential construction input prices increased 1.6% for the month.
Road builders will be the biggest winners of any infrastructure spending bill passed this year by Congress, with contractors who work in the environmental public works space sharing in the spoils, too, according to a leading construction economist.Richard Branch, chief economist at Hamilton, New Jersey-based Dodge Data & Analytics, broke down three competing scenarios for infrastructure spending starting at the end of 2021.
Construction employment is holding its own, although it is not back to pre-pandemic levels, according to state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors for March 2021. These data show that on a year-over-year basis, the not seasonally adjusted construction unemployment rates rose nationally and in 33 states, fell in 15 states and were unchanged in two states, Oklahoma and Washington.
The road to recovery may be longer than you think. As the second quarter of 2021 kicks off, contractor confidence is high, with plenty of optimism that the coming resurgence of re-started projects will lift construction firms from the abyss of COVID-19 to go even beyond their pre-pandemic heights. Just look at the Associated Builders and Contractors' Confidence Index, which is now positive for sales, profit and staffing level expectations for the next six months.
The construction industry added 110,000 jobs in March, according to an Associated Builders and Contractors analysis of data released recently by the U.S. Bureau of Labor Statistics. The industry has added 931,000 jobs since April 2020, recovering 83.6% of the jobs lost during earlier stages of the COVID-19 pandemic.
Software provider Autodesk released its construction outlook report for 2021 recently, which shows that real-time bidding activity surpassed pre-pandemic levels and reached an all-time high in January 2021.
President Biden released his $2 trillion plan to shore up the nation’s infrastructure and create jobs. The sprawling proposal would be paid for with 15 years of higher taxes on corporations. Read more to see how the spending breaks down.
Continuing the positive momentum of a nearly three-point bump in January, the Architecture Billings Index (ABI) reached its first positive mark since February 2020, according to a new report today from The American Institute of Architects (AIA).
As we mark the one-year anniversary of the COVID-19 crisis, Construction Dive looks at five charts that capture the impacts of a tumultuous year in construction and what they portend for the months ahead.
Results of a workforce survey by the National Association of Women in Construction (NAWIC) and Safe Site Check In indicate that job opportunities for women in construction are on the rise. Released in conjunction with Women in Construction week, March 7-13, the survey of more than 700 women actively working in the industry shows 71% of respondents agree that opportunities for women in construction are increasing, while 28% believe they are about the same and only 1% reports the opportunities are decreasing.
According to an Associated Builders and Contractors (ABC) analysis of data released today by the U.S. Bureau of Labor Statistics, the construction industry lost 61,000 jobs net in February. While construction unemployment has risen to 9.6% in February (4.1% higher than last year), unemployment across all industries dropped slightly last month to 6.2% (6.3% in January).
Construction firms received $13.7 billion in loans under the latest version of the Paycheck Protection Program, making the industry second in total loan amounts received after restaurants and hotels, which got $18 billion in funds so far.
Construction input prices increased 2.5% in January 2021 compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices rose 2.1% for the month.
Democratic lawmakers reintroduced the PRO Act recently, the sweeping labor rights bill that was passed by the House of Representatives last year. Construction groups representing workers, unions and employers alike say they are watching intently to see how the bill, or parts of it, would affect the industry if it becomes law.
The Dodge Momentum Index increased 3.1% in January to 139.4 from the revised December reading of 135.2. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The commercial component of the index moved 9.9% higher, offsetting an 11.7% decrease in the institutional component.
A new report details how construction costs have changed across 12 U.S. cities since the coronavirus pandemic began. Broken down by market, all of the U.S. cities in the Rider Levett Bucknall report saw at least small gains, except for Chicago, which experienced a 1.29% decrease in comparative costs from October 2019 to October 2020.
2021 will certainly be an interesting year in commercial construction as trends that had been on the horizon meet the impact of the pandemic. That also means it will be even more important for architects, contractors, engineers and owners to frequently revisit plans as the industry adapts to ongoing changes so that they can better reduce their likelihood of facing litigation.
More contractors are facing a shortage of building materials as the pandemic continues, according to fourth quarter data from the United States Chamber of Commerce Commercial Construction Index (Index). In Q4 2020, 41% of contractors said less availability of building products and materials is a severe consequence of the pandemic, up from just 15% saying the same in Q3.
Spending on U.S. construction projects increased 0.9% in November as strength in home building offset weakness in other parts of the construction industry. The November gain followed a bigger 1.6% rise in October and left construction spending up 4.4% through the first 11 months of 2020 compared to the same period in 2019, according to the Commerce Department.
On behalf of MBP’s Shareholders and Board of Directors, the firm is pleased to announce that Christopher Payne, PE, CCM, has been appointed as the firm’s new President and Chief Executive Officer, and John MacKay, PE, CCM, CFCC, as Chief Operating Officer. This represents a significant milestone in the 31-year history of the firm, as MBP’s Founders, Charles E. Bolyard, Jr., CCM, PSP, CFCC, and Blake V. Peck, PE, CCM, transitioned their ownership to the next generation of leaders.
The U.S. Department of Transportation (USDOT) has launched a new demonstration program to establish infrastructure accelerators that will speed up the process of financing and delivering infrastructure projects, the department said.
Society has been slow to accept the fact that women are just as capable of driving forklifts, swinging hammers and donning hardhats. But, as the gender breakdown of the industry changes, so might the idea of a stereotypical construction worker.
The United States Bureau of Labor Statistics population survey results indicate there are 971,000 women working in construction today, in contrast to the 9,721,000 men working in the industry. What’s being done to close the gap? There is a growing faction comprised of individuals, associations, and organizations that aims to even up those numbers. Construction Business Owner’s Outstanding Women in Construction is designed to celebrate that change. Here, 10 women are highlighted who are making change happen.
Like most of the economy, construction, and therefore construction employment, was hit hard by the spread of COVID-19 and measures to limit the pandemic. However, construction performed better than many other occupational groups and has been relatively quick to rebound, though not back to its pre-COVID-19 levels, according to a state-by-state analysis of United States Bureau of Labor Statistics data by Associated Builders and Contractors.
Resilience is the capacity of a business or organization to utilize available resources to respond to, withstand, and recover from adverse situations while maintaining its critical function and structure. In the face of the COVID-19 pandemic, resilience has become a core element in keeping businesses operating.
Dodge Data & Analytics released its 2021 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts will increase 4% in 2021, to $771 billion.
There are a number of reports and outlets that help experts and executives keep their finger on the pulse of the construction industry. This page centralizes data from those resources and helps visualize it as a one-stop resource about construction industry spending, hiring, starts and billings.
Insights from Dodge Data & Analytics on the impact of coronavirus currently & what's expected in the future.
The construction industry stands in a unique position when gauging the impacts of the response to the COVID-19 pandemic. Largely declared an essential industry, many construction projects were not shut down, even in the early months of the pandemic. However, the public funding on which infrastructure projects rely and the general economic health of the nation both threaten to significantly slow down the market. This is why getting the perspective of contractors on their business expectations and on how they are responding to the new requirements and conditions is so essential.
In our quarterly pulse survey of 150 C-level executives, respondents share how they’ve shored up their businesses and pivoted them amid never-ending change. They also share their primary investment areas that, heading into 2021, will help them prevail in the post-pandemic economy. Data shows 57% have invested in new data and analytics platforms and 3 in 4 are strongly considering M&A for their post-COVID strategy.
MBP, a leading, multi-disciplined construction consulting firm announced that after 30 years, MBP’s Chairman, Charles E. Bolyard, Jr., CCM, PSP, CFCC, and Chief Executive Officer, Blake V. Peck, PE, CCM, will transition from their company ownership positions at the end of the year.
The construction industry added 26,000 jobs on net in September, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. During the last five months, the industry has added 689,000 jobs, recovering approximately 64% of the jobs lost since the start of the pandemic.
The coronavirus pandemic has sped up the implementation of remote virtual inspections for many building departments, and many officials have indicated that their agencies will probably continue to use remote inspections even after social distancing rules ease up. Using common, inexpensive communication tools like Facetime, Skype and drones, inspectors report that most inspections that can be done visually in person can be done remotely.
Swiss researchers have patented a process that could help lower the cost and environmental footprint of the world's most widely used building material.
Construction industry employment expanded by 16,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released by the United States Bureau of Labor Statistics. Over the last 4 months, the industry added 658,000 jobs, recovering approximately 61% of the jobs lost during March and April.
U.S. Transportation Secretary Announces More Than $1.2 Billion in Infrastructure Grants to America’s Airports
U.S. Secretary of Transportation Elaine L. Chao announced that the Trump Administration will award more than $1.2 billion in airport safety and infrastructure grants through the Federal Aviation Administration (FAA) to 405 airports in 50 states and the Federated States of Micronesia, the Marshall Islands, the Northern Mariana Islands, Puerto Rico, Palau, and the U.S. Virgin Islands.
The Trump Administration announced a total of $400 million in federal funding will be allocated by the United States Department of Transportation's Federal Transit Administration (FTA) to four transit infrastructure projects in Arizona, Indiana, Missouri and New Jersey.
The range of new personal protective equipment (PPE) coming on the market is growing at a fairly steady clip. This is partly due to highly innovative engineering, intensive research and development, new composite and synthetic materials and advanced production techniques.
Construction input prices rose 1.9% in July over the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices rose 1.8% for the month.
The U.S. Environmental Protection Agency (EPA) announced the 2020 notice of funding availability under its Water Infrastructure Finance and Innovation Act (WIFIA) program, including funding for the new State infrastructure financing authority WIFIA (SWIFIA) program.
OSHA has been fairly aggressive about updating the construction industry about how employers should respond to actual and suspected cases of COVID-19 and how it will enforce suspected violations of health and other safety standards during the pandemic.
The first annual Marcum National Construction Survey reflects a positive outlook for the current and future state of the industry, despite the COVID-19 pandemic. Influencing the optimism is the ability to secure financing for new projects and to find new sources for building materials, the respondents said.
Hill International, the global leader in managing construction risk, announces the appointment of Drew Jeter as President for the Americas Region, effective July 13. Mr. Jeter succeeds Michael V. Griffin, P.E., who will be retiring after a 39-year career with Hill. Mr. Jeter will oversee the operations of Hill's Northeast, Mid-Atlantic, Southeast, Southern, Western, and Latin America Regions, and report directly to Chief Executive Officer Raouf Ghali.
Total construction starts increased 6% in June to a seasonally adjusted annual rate of $641.4 billion. This marks the second consecutive monthly gain in construction starts following the COVID-19 induced declines in March and April. In June nonresidential building starts gained 6% and starts in the nonbuilding sector moved 27% higher. Residential starts, by contrast, fell 6% during the month.
Construction input prices rose 2.2% in June, according to an Associated Builders and Contractors analysis of United States Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices rose by 2.3% for the month.
National nonresidential construction spending declined 0.9% in May, according to an Associated Builders and Contractors analysis of data published by the United States Census Bureau. On a seasonally adjusted annualized basis, spending totaled $812.5 billion for the month. Private nonresidential spending declined 2.4% in May and public nonresidential construction spending increased 1.2%.
In 2019, the engineering and construction industry saw overall market growth despite cost pressures, labor shortages, and trends toward fixed-bid projects. We originally forecast this trend would persist into 2020, but the COVID-19 pandemic caused a shift in project timelines and a drop in the sectors’ labor and employment. As recovery in the aftermath of the crisis begins, how can engineering and construction organizations prepare for the “next” normal? Our 2020 engineering and construction industry midyear outlook provides actionable insight.
Total construction starts rose 3% from April to May to a seasonally adjusted annual rate of $595.1 billion, following a 25% decline the previous month. Several large nonresidential building projects broke ground in May resulting in the gain. Removing those large projects from the statistics would have resulted in no change in starts over the month. In May, nonresidential buildings increased 8%, while residential building starts rose 4%.
The construction industry added 464,000 net new jobs in May, the largest monthly increase in construction jobs since the government began tracking employment in 1939 and a drastic improvement from April, which recorded the industry’s largest month-over-month job loss.
As the nation faces the coronavirus pandemic, the United States Department of Labor’s Occupational Safety and Health Administration (OSHA) is dedicated to keeping the American workforce safe and healthy.
A study by equipment rental company BigRentz found that women are at a higher risk for workplace injury due to poorly fitted equipment than their male coworkers. Because proper personal protective equipment (PPE) can minimize construction accidents, McCarthy Building Companies Inc. began the women’s safety vest initiative, acting on the company’s commitment to diversity and inclusion and the thought that jobsite safety equipment should be provided accordingly.
Women comprise 9.9 percent of the construction industry workforce, with an even smaller number of women on the front lines — an estimated 1 percent. With women making up 47 percent of all employed individuals, this means that the construction industry is only benefiting from about 1.5 percent of the total female workforce.
The latest “Safety Management in the Construction Industry” SmartMarket Report by Dodge Data & Analytics reinforces many of the messages of the previous studies on this topic, including the benefits that contractors experience from their safety programs and their reliance on in-house expertise for delivering safety training.
Construction employees had a slightly more positive outlook ahead for the sector, according to 416 respondents in a broad industry survey of COVID-19 impact conducted from April 16-20. But most still expressed strong concern for the economy, their employers' ability to achieve company goals over the next three to six months, and business stability risk into next year.
When the coronavirus pandemic first emerged in China, the country reportedly responded by quickly building modular hospitals to house those infected with COVID-19. Around the U.S., efforts to flatten the curve have pushed the federal government, often spearheaded by the Army Corps of Engineers, to construct hospitals in convention centers or other similar spaces, or for contractors to speed up construction of traditional hospital projects already underway.
MBP is pleased to announce the promotion of John L. MacKay, Jr., PE, CCM, CFCC, to Executive Vice President of Operations and Finance.
John joined MBP in 1993 and has risen steadily through positions of increasing responsibility. He has over 27 years of comprehensive engineering and construction management experience including over $20 billion of CPM scheduling, cost estimating, and constructibility review, as well as the preparation, analysis, and evaluation of construction claims, expert testimony, negotiation, and litigation support services.
In early October, the Associated General Contractors of America (AGC) released its analysis of Labor Department data on employment in the construction industry. With recent concerns about a workforce shortage in construction, the influx of jobs in the last year is a positive trend.
Contractors and builders must keep up with the latest trends in the construction industry in order to stay ahead of the competition. In 2019, builders and construction engineers are more inclined towards integrating new technologies and ideas into their projects in order to transform their operations. Incorporating the latest industrial trends and technologies enable them to excel in their work and business.
Paul Bowen was recently named HDR’s transportation construction services lead for the central region, which stretches from Texas to Minnesota.
An associate vice president at HDR, Bowen has over 35 years’ experience executing major transportation projects in the construction services industry, including project procurement, program management, business development, operations and technical leadership.
Carol Holland, PE, CCM, LEED AP, has been named president of the board of directors for the National Capital Chapter of the Construction Management Association of America (CMAA).
Holland, a 25-year veteran of the architecture, engineering, and construction industry, has a proven technical and executive management track record. She currently holds the role of associate vice president and market segment leader at Dewberry in its Baltimore, Maryland, office.
Global capital projects expert Tim McManus joins Turner & Townsend Board of Directors in the Americas
Industry leader Tim McManus has joined Turner & Townsend’s Americas Board of Directors to help shape North America growth priorities.
Tim brings more than 40 years of professional services experience and is recognized as an expert on the development and delivery of global capital projects and programs.
His appointment comes at a pivotal moment in the company’s North America expansion, as significant business growth is positioning Turner & Townsend for new opportunities, deeper client engagements and more complex commissions.
The construction industry added 21,000 net new jobs in June, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, employment in the industry has expanded by 224,000 jobs, representing an increase of 3.1%. Nonresidential construction employment gained 14,900 net jobs in June and is up 146,700 jobs during the last 12 months.
Thirty-eight states added construction jobs between March 2018 and March 2019, while construction employment increased in 29 states between February and March, according to an analysis by the Associated General Contractors of America, Labor Department data released on April 19, 2019. Association officials said the widespread gains show demand for workers remains strong and urged federal officials to enact immigration reforms to boost the supply of qualified workers.
The construction employment picture continues to brighten, as the industry gained 33,000 jobs in April and its jobless rate improved, the federal Bureau of Labor Statistics has reported.
For every 100 individuals who work in construction, only about nine of them are female. This gender imbalance is even more lopsided for construction laborers (those individuals working in the field to build our future communities, cities and landscapes). Each year, the National Association of Women in Construction hosts Women in Construction Week to raise awareness of the growing impact of females on the industry, and to highlight the breadth of opportunities available to them.
While often revised in subsequent months, construction spending figures each month from the U.S. Commerce Department examine the private and public construction sectors. Within the private sector, the report tracks single-family residential, multifamily residential and nonresidential.
U.S. Department of Transportation Announces $1.5 Billion in BUILD Transportation Grants to Revitalize Infrastructure Nationwide
U.S. Transportation Secretary Elaine L. Chao announced $1.5 billion in discretionary grant funding to 91 projects in 49 states and the District of Columbia. The grants are made through the Better Utilizing Investments to Leverage Development (BUILD) Transportation Grants program and support road, rail, transit, and port infrastructure projects across the country.
NAVFAC Awards Construction Management Services Contract to Mentor Protégé MacDonald-Bedford | MBP Joint Venture
The Department of the Navy, Naval Facilities Engineering Command (NAVFAC) Pacific has selected the MacDonald Bedford | MBP Joint Venture for a five-year, indefinite delivery/indefinite quantity contract to provide construction management services.
Transportation terminal projects worldwide recently posted a 61% year-over-year increase, according to ConstructConnect’s Construction Industry Snapshot — and the growth in terminals, runways and infrastructure construction shows no signs of slowing.
The construction industry is lagging behind others when it comes to digital transformation. Some construction firms “are still using paper-based processes that can only be described as archaic,” according to a 2016 report by PricewaterhouseCoopers LLP’s Strategy&.
Gilbane receives project awards from the Construction Management Association of America (CMAA) and Engineering News-Record (ENR) New England Chapters for Rhode Island Veterans Administration Home.
The title of Project Manager gets thrown around a lot today in our industry, and many others. Since the generally-accepted definition of a project is "A temporary endeavor undertaken to create a unique product, service or result", that's understandable.
The Construction Management Association of America’s (CMAA) New York/New Jersey Metro chapter has recognized STV Inc.'s role supporting the New York State Department of Transportation (NYSDOT) in the construction of Phase 1 of the Kosciuszko Bridge between Brooklyn and Queens, N.Y., with a prestigious Project Achievement Award in the Transportation category.
Professional services firms in the construction industry were once thought of as entities hired by owners to keep an eye on contractors during the construction process. However, as construction has become more complex, funding sources have become more elusive and project delivery has become more diverse, owners now are relying on professional services firms to provide a much wider array of services.
The AFG Group, Inc. (AFG)/General Services Administration (GSA) Public Buildings Service (PBS) Team has been named winner of the 2017 Construction Management Excellence Award for Small Firms by the Construction Management Association of America (CMAA) National Capital Chapter (NCC) for its efforts on the $16.6M GSA Sidney Yates Federal Building Exterior Restoration Project.
Facing an outcry from professional credentialing organizations, Louisiana lawmakers may be ready to amend the proposed Occupational Licensing Review Act, which otherwise would prohibit the use of most professional certifications in the state.
A panel of industry experts served as the competition’s judges. This year’s panel included representatives from the Building Owners and Managers Association International, the Smithsonian Facilities Construction Division, the Construction Management Association of America, Engineering News-Record, Design-Build Institute of America and various construction-related firms nationwide.
The Port of Los Angeles has received two Project Achievement Awards from the Southern California Chapter of the Construction Management Association of America (CMAA) for recently completed port construction projects.
The Occupational Licensing Review Act, whose proponents say they want to curb “over-regulation” of professional licensure, would severely restrict the use of nongovernmental certifications in the state. ASAE is urging associations to inform their Louisiana members that their credentials are at risk.
A panel of industry experts served as the competition’s judges. This year’s panel included representatives from the Building Owners and Managers Association International, the Smithsonian Facilities Construction Division, the Construction Management Association of America, Engineering News-Record, Design-Build Institute of America, and various construction-related firms nationwide.
CMAA is tackling the gender gap. In a move most organizations have yet to experience, CMAA has named its first female President and Chief Executive Officer, closing the 36-year gender gap.
The Southern California Chapter of the Construction Management Association of America (CMAA) is honoring Lundgren Management with an award for its excellent work on the New Palmdale Center for the Antelope Valley Community College District.
The Board of Directors of the Construction Management Association of America has announced that Andrea S. Rutledge, CAE will become the Association’s President and Chief Executive Officer at its National Conference & Trade Show in Washington, DC in October.