Association Survey and Data Collected by Procore Measure Impacts of the Pandemic, Showing Signs of a Construction Recovery, but Labor Shortages and Project Cancellations Show Industry Needs Federal Help
Gains in May Reflect Temporary Support from Paycheck Protection Program Loans and Easing of Construction Restrictions, But Hobbled Economy and Tight State and Local Budgets Risk Future Job Losses
New York City Has Largest Job Loss, Montgomery-Bucks-Chester County, Pa. Has Worst Percentage Loss As Coronavirus Pandemic Drives Rampart Decreases in a Month When Industry Typically Adds Employees
New Federal Investments in Transportation, Other Types of Infrastructure Will Help Offset Expected Declines in State and Local Funding as State Budgets Suffer Impacts of Coronavirus Lockdowns
Association Partner Procore Also Releases Near Real-Time Construction Data Measuring Impacts of Coronavirus as Association Calls for New Measures, Including Safe Harbor Provisions, to Revive Industry
Treasury Department’s Recent Changes to Paycheck Protection Program Loan Guidance Are Making It Even Harder for Firms to Maintain Jobs Amid Declining Private-Sector Demand for Construction
Laredo, Texas and Lake Charles, La. Have Largest Construction Job Losses While Lewiston, Idaho-Wash. And Dallas-Plano-Irving, Texas Add the Most Jobs; Association Survey Indicates Losses will Spread
Nearly Half of Firms Have Received Loans, But Growing Number of Project Cancellations, Delays and Delivery Problems Imperil Industry; Association Leaders Call for Immediate Infrastructure Funding