Congress originally passed the CARES Act allocating $350 billion to help small business, but there is likely to be extensive expansions to allocate $377 billion if needed.
Dodge Outlook Report predicts economic slowdown to have broad based impact on total construction growth.
November 21, 2019
Dodge Data & Analytics released its 2020 Dodge Construction Outlook. The report predicts that total U.S. construction starts will slip to $776 billion in 2020, a decline of 4% from the 2019 estimated level of activity.
BlueTarp's supplemental contractor survey revealed that nearly 25% of contractors thought the economy would decline in some way within the next 12 months, an increase from 16.3% last quarter.
The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning.