article thumbnail

Non-Residential Construction Market Still Faltering

Job Order Contracting

Nonresidential construction has dropped 25% since 2020, while residential construction has boomed. Average commercial construction costs have increased 4.5 Construction employment. August 2020: 7.6%. Total employment: August 2021: 7.4M. August 2020: 7.2M. 2020 to Aug. 2020 to Aug. 2020 to Aug.

article thumbnail

Marcum 4Q Commercial Construction Index Shows Signs of Optimism, Pessimism

Construction Superintendent Magazine

The Marcum Commercial Construction Index for the fourth quarter of 2020 reports that the industry has reasons for optimism and pessimism as it recovers from the recession caused by COVID-19. Total construction employment has rebounded since plummeting in March and April but remains 3.3% below pre-pandemic levels.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Maryland Enacts New Environmental Laws in 2020

Green Building Law Update

The 440th session of the Maryland General Assembly commenced on January 8, 2020. Despite the abridged session, the legislature acted on 1,664 House bills and 12 resolutions and 1,081 Senate bills and 6 resolutions with 667 bills passing both chambers before they adjourned sine die on March 18, 2020. Mary’s for 90 days).

Maryland 156
article thumbnail

Maryland Enacts New Environmental Laws in 2020

Green Building Law Update

The 440th session of the Maryland General Assembly commenced on January 8, 2020. Despite the abridged session, the legislature acted on 1,664 House bills and 12 resolutions and 1,081 Senate bills and 6 resolutions with 667 bills passing both chambers before they adjourned sine die on March 18, 2020. Mary’s for 90 days).

Maryland 156
article thumbnail

Commercial Builders Turn to Residential Sector as Fallback

Pro Builder

Commercial Builders Turn to Residential Sector as Fallback. As residential construction booms, commercial projects face delays, closures, and even cancellations amid little demand. Some commercial contractors are going where the demand is and falling back on residential construction to buoy their companies, reports Construction Dive.

article thumbnail

Construction Recovers Lost Jobs in Q3

Construction Equipment

The Marcum Commercial Construction Index for the third quarter of 2020 reports that the industry continues to recover jobs lost from the recession caused by Covid-19. Construction employment has rebounded since declining in March and April, and the industry’s unemployment rate stands at 6.8

article thumbnail

Optimism, Pessimism from Marcum Index

Construction Equipment

Total construction employment has rebounded since Covid hit the economy last spring, according to the Marcum Commercial Construction Index, produced by Marcum LLP, for the fourth quarter of 2020, yet it remains below levels registered before the pandemic. Nonresidential continues to recover;…