The trouble for construction loans is far from over. According to USA Today, the percentage of non-current construction loans was at an all-time high of 17 percent last March. The Congressional Oversight Panel claims that these loans have the highest likelihood of default and are having the… Read More October 5, 2010
Construction spending edged up 0.4% in August to $812 billion at a seasonally adjusted annual rate but remained 10% below the August 2009 level, the Census Bureau reported today. The good news was limited to public construction, which climbed 2.5% for the month, although it was down 1.0% year-over-… Read More October 1, 2010
Total construction spending edged up 0.4 percent between July and August to $812 billion, driven by increases in public construction activity including stimulus and base realignment projects, according to an analysis of new Census Bureau data released today by AGC.
Association officials… Read More October 1, 2010
STIMULUS, BASE REALIGNMENT, OTHER FEDERAL PROGRAMS DRIVE TOTAL CONSTRUCTION SPENDING UP 0.4 PERCENT TO $812 BILLION IN AUGUST
Private Construction Spending Continues "Devastating" Decline, Construction Association Officials Note, Urging Action on Long-Term Infrastructure Bills to Avoid Another… Read More October 1, 2010
The 2011 AGC Building Contractors Conference will be held September 21-24, 2011 at the Westin La Cantera Resort in San Antonio, Texas. Registration will open in Spring 2011. Don't forget to mark these dates down on your calendar!
October 1, 2010
The Office of Management and Budget (OMB) recently released new reporting requirements for recipients of federal financial assistance, including grants and loans, in compliance with the Federal Funding Accountability and Transparency Act.
Included in the rules is a requirement that recipients… Read More October 1, 2010
Summer construction spending was generally down, reported Reed Construction Data. Spending decreases in both June and July should be followed by a slight pickup in August based on an increase of 19,000 construction jobs. Specifically, nonresidential spending also dropped in June and July and… Read More October 1, 2010
On September 27, President Obama signed the Small Business Jobs & Credit Act of 2010, enacting numerous tax breaks for small businesses and several significant contracting reform provisions that will have a wide-reaching impact on federal contractors.
First and foremost, the legislation puts… Read More October 1, 2010
This week, AGC held its annual National & Chapter Leadership Conference in Washington, D.C., which brought chapter leaders together to discuss best practices and meet with Members of Congress to address AGC's top legislative issues.
During the meeting Polly Trottenberg, Assistant Secretary for… Read More September 30, 2010
Senate Amendment to Cut Discretionary Spending Fails
The House and Senate passed a Continuing Resolution (CR) to provide funds to continue the operation of the federal government until December 3. The CR is necessary because Congress has failed to enact any of the 12 appropriations bills for FY… Read More September 30, 2010
