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ABC reported that its Construction Backlog Indicator declined to 7.2 months in November, a decrease of 0.5 months from October’s reading, according to an ABC member survey conducted from Nov. 20 to Dec. 2. Backlog is 1.7 months lower than in November 2019.
On Nov. 17, The Construction Users Roundtable announced the winners of its Construction Industry Safety Excellence Awards. The following ABC members received CURT awards based on their dedication to world-class safety performance.
On this week’s episode of “The Bottom Line With ABC Chief Economist Anirban Basu,” get insights on the nonresidential construction spending, which was virtually unchanged in October, according to an ABC analysis of data published by the U.S. Census Bureau.
On Nov. 16, ABC submitted comments as part of the Waters Advocacy Coalition to the U.S. Department of Defense’s Army Corps of Engineers on its proposal to reissue and revise the agency’s nationwide permits under the Clean Water Act. WAC expressed support for the proposed rule, which would continue to carry out Congress’ intent to allow mo
On Nov. 9, the U.S. Treasury issued a proposed regulation on state and local income taxes imposed on and paid by a partnership or S corporation on its income. The rule would allow states to permit individually and family-owned business to continue to deduct state and local taxes, just like larger corporations can. This would be an important win for smaller businesses and a significant incentive for more states to provide this critical tax relief.
On Nov. 4, the U.S. Department of Labor’s Occupational Safety and Health Administration issued a new guidance document on ventilation in the workplace. OSHA recommends, “Employers should work with a heating, ventilation and air conditioning professional to consider steps to optimize building ventilation. An HVAC professional can ensure that the ventilation system is operating as intended.”
While major news networks have declared former Vice President Joe Biden president-elect, President Trump’s campaign has launched investigations into allegations of wrongdoing in several states while pursuing recounts in states where the margin of victory allows. Georgia has already ordered a hand recount of its 5 million ballots, while most states hope to certify their elections in late November and early December.
While a handful of U.S. Senate, House and state legislative races from the 2020 elections remain uncalled, voters in a handful of states made some significant policy changes on Tuesday, Nov. 3, through the ballot initiative and referendum processes. Many of these affect the construction industry, including changing the minimum wage, legalizing and decriminalizing marijuana, paid family and medical leave and more.
On this week’s episode of “The Bottom Line With ABC Chief Economist Anirban Basu,” get insights on the Construction Backlog Indicator, which rebounded to 7.7 months in October, an increase of 0.2 months from September’s reading, according to an ABC member survey conducted from Oct. 20 to Nov. 5. Backlog is 1.2 months lower than in October 2019.
The big story of the night is that we do not have a winner in the presidential election yet with Georgia, Michigan, Nevada, North Carolina, and Pennsylvania and too close or too early to call at this time, while projected contests in Wisconsin and Arizona seem to favor Vice President Joe Biden, which would give him a 248-214 lead in the race towards the 270 Electoral College votes needed to win the presidency.