Industry has recovered only 59% of jobs lost since crisis began
The nonresidential construction industry lost 4,000 jobs in July, as compared to June, the Associated Builders and Contractors (ABC) announced Friday. The construction industry as a whole, however, has added
Associated Builders and Contractors reports major industry losses
While the U.S. domestic gross product in the second quarter dropped to its lowest point since 1947, nonresidential and residential fixed investment contracted by 27% and 38.7%, respectively, the Associated
President and COO Jack Futcher to retire; Craig Albert to replace him Sept. 8
Reston-based construction company Bechtel Corp. announced Thursday that Craig Albert has been promoted to president and chief operating officer, effective Sept. 8. Albert will succeed Jack Futcher, who will retire
Wagman Heavy Civil Inc. will design and construct I-95 lanes, bridge in Stafford
Dinwiddie County-based road construction company Wagman Heavy Civil Inc. announced Friday it’s been awarded a $107 million contract for the Interstate 95 Northbound Rappahannock River Crossing project in Stafford County.
Retail sales, hotel and income tax revenue declines part of the problem
Associated Builders and Contractors Chief Economist Anirban Basu said that it will likely take years for the nation’s economy to recover from the COVID-19 pandemic’s blow. “One of the reasons
Associated Builders and Contractors released results from April survey
The Associated Builders and Contractors (ABC) national trade association announced Tuesday that its Construction Backlog Indicator (CBI) fell to 7.8 months in April, the lowest it’s been in nearly eight
Bechtel Corp. is partnering with crowdfunding nonprofit GlobalGiving
Reston-based construction company Bechtel Corp. announced Tuesday that its corporate foundation, in partnership with the crowdfunding nonprofit GlobalGiving, will donate $3 million through its new Bechtel COVID-19 Fund to support communities
Cathy Underwood was most recently the Branch Builds VP
Roanoke-based construction company Branch Builds announced Tuesday it has promoted Cathy Underwood to senior vice president and regional business unit leader. Underwood was most recently vice president at the company,
Jonathan Cadle comes from Hitt Contracting Inc.
Jonathan Cadle has been named senior vice president at Howard Shockey & Sons Inc., a Winchester-based general contractor that is 124 years old. He joins the firm from Glen Allen-based
Essex Homes built more than 853 homes in the Carolinas in 2019.
Reston-based construction company Stanley-Martin Communities LLC will acquire the home-building assets of Lexington, South Carolina-based home-building company Essex Homes in North Carolina and South Carolina in a deal expected to