Owing to the substantial uncertainty stemming from both COVID-19 and the impact of social distancing measures on the U.S. economy, investment in equipment and software is projected to contract severely in 2020, to between -8.6% and -13.5%
The Fed’s Toolbox: What’s Left to Pave the Way for Continued Construction?
While a myriad of government responses have permeated the United States depending on location, demographics and the severity of the COVID-19 crisis, the Federal Reserve remains determined to “provide as much relief and stability as [possible] during this period.”
The Bourbon Boom: Building With Integrity
Bourbon is an $8.6 billion industry in Kentucky alone, and total production has increased by more than 115%. Those are exciting numbers, but they also mean unprecedented demand, putting added pressure on construction projects to meet project schedules and maintain quality.
Expectations for Infrastructure Investment Plummet Globally as COVID-19 Outbreak Shakes Confidence
According to a new survey taken before and after the pandemic, a lack of infrastructure investment is driving pessimism around a post-virus economic recovery.
Strengthen Supply Chain Management in a Volatile Market
While many parts of the supply chain are uncertain, construction professionals can only change the parts that are in their control. Zero in on three key areas: estimating jobs and materials needed, monitoring project progress and communicating with the team.
Monthly Construction Input Prices Drop in March, Says ABC
Construction input prices fell 1% in March from the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data.
The Impact of COVID-19 on the Equipment and Event Rental Industry
According to a recent survey, rental revenues are declining and are projected to significantly deteriorate in the coming months due to the coronavirus.
COVID-19 Cuts Nonresidential Construction Employment in March, Says ABC
Construction industry employment declined by 29,000 in March, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics.











