As they become available, the Idaho AGC will share COVID-19 related documents and resources here. Click the buttons to access the documents/links. Check back for updates and additions.
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Construction spending fell 2.9% from March to April at a seasonally adjusted annual rate to a five-month low of $1.346 trillion, the Census Bureau reported today. Spending declined from March in 10 of the 12 public construction categories and 10 of the 11 private nonresidential categories in Census’s press release. Overall, public construction spending slid 2.5% from March to April, private nonresidential spending slipped 1.3%, and private residential spending tumbled 4.5%. Among the three largest public segments, highway and street construction fell 5.2%; educational, -2.3%; and transportation (transit, rail, airports and ports), -1.4%. In descending order of April spending, the largest private nonresidential segments were power (electric plus oil and gas field and pipeline construction), down 1.1% from March; commercial (retail, warehouse and farm), -2.3%; manufacturing, 0.2%; and office, -0.1%.
The Idaho AGC is currently searching for an Accounting Specialist/Administrative Assistant to join our team.
You may view the full job description by clicking this button. If you are interested or know someone who would be a great addition to our team, follow the instructions in the listing to apply.
On today's Words With Wayne, Wayne brings some updates to you regarding AGC training, events, and the Contractor Education Series, as well as giving a shout out to this year's ENR Top 400 members.
Each September, the Idaho Business Review honors the top construction projects completed in Idaho. During a special awards event, they tell the stories and show the impact of top projects from around the state, with a focus on impact and we encourage members to submit for the awards.
Projects chosen as finalists will appear in a special magazine featuring detailed information about the projects. Winners are chosen by an expert panel of local judges based on the following criteria:
Good news! The Spring 2020 issue of BuildingIdaho magazine should be in your inbox by now. If you are not on the mailing list to receive this FREE bi-annual magazine, you can be added by emailing Hailey Reyes at hreyes@idahoagc.org.
You can also now read the digital version of the magazine by clicking here
Would you like to submit content or recommend article topics for the next issue of BuildingIdaho? Email Hailey at hreyes@idahoagc.org.
Project cancellations continue to mount, new surveys by AGC, Industrial Info Resources and the American Institute of Architects (AIA) show. In AGC’s latest online survey, conducted May 18-21, 40% of the 742 respondents reported that a project owner had canceled a scheduled project, including 24% who had expected a start in June or later (up from 37% and 20%, respectively, in the May 4-7 survey). One-fifth of respondents reported working on additional or expanded projects, a share that changed little from the previous three surveys.
The Census Bureau on Thursday released the first round of a new emailed Small Business Pulse Survey, with 22,449 responses from April 26 to May 2, that “is intended to provide crucial weekly data on the impact of the COVID-19 crisis on the nation’s businesses.” Results are displayed as data visualizations that allow comparisons across industries, states and other metrics. Construction firms fared slightly better than the all-industry average in terms of adding to headcount during the week (6.6% of construction respondents vs. 4.2% overall) or shrinking it (25.9% vs.
AGC of America Chief Economist Ken Simonson releases the AGC Caronavirus Survey Results in the following playlist:
The first impacts of the pandemic on construction spending showed up in the Census Bureau’s data for March, posted on Friday. Although total spending put in place increased 0.9% at a seasonally adjusted annual rate from February and 4.7% from March 2019, the increase was concentrated in the volatile residential improvements segment, which jumped by $17 billion (10%) over the month. All other categories—public, private nonresidential and new residential construction—slipped by a combined 0.5% for the month. Notably, spending declined from February in 10 of the 11 private nonresidential categories in Census’s press release. The exception was communication construction, which edged up 0.3%, possibly reflecting spending on facilities to meet demand for better connectivity for home-based work, education and entertainment.
