This past weekend, my husband and I traveled to beautiful Charlevoix, Michigan — that’s about a four-hour drive North of the metro-Detroit area. Totally worth it — summer and fall are both great times to visit! We drove up to attend a friend’s wedding. Unfortunately, the wedding date was held during an annual summer festival in Charlevoix, and hotel rooms were in high demand.
ASA is part a coalition of organizations throughout the manufacturing supply chain urging Congress to advance a bold, long-term infrastructure bill to address the nation’s longstanding infrastructure needs, and to provide much-needed stability and certainty for the sector during this critical time.
Congress originally passed the CARES Act allocating $350 billion to help small business, but there is likely to be extensive expansions to allocate $377 billion if needed.
Dodge Outlook Report predicts economic slowdown to have broad based impact on total construction growth.
November 21, 2019
Dodge Data & Analytics released its 2020 Dodge Construction Outlook. The report predicts that total U.S. construction starts will slip to $776 billion in 2020, a decline of 4% from the 2019 estimated level of activity.
BlueTarp's supplemental contractor survey revealed that nearly 25% of contractors thought the economy would decline in some way within the next 12 months, an increase from 16.3% last quarter.
The Momentum Index 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.