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  • Thu, July 16, 2020 1:00 PM | Anonymous member (Administrator)

    CIRT convened a short 30-minute webinar to examine the findings of a survey conducted by APCO Worldwide on behalf of the Round Table. The Insight Survey focused on the role of the design/construction community related to the nation's recovery from the pandemic and shutdown; as well as also provided interesting insights as to the public's perception of the industry as a whole. The purpose of the webinar was to provide a brief walk-through of the findings; and then to allow the participants to ask questions as well as provide comments and/or insights.

    CIRT commissioned the survey in conjunction with the Op-Ed entitled “The Road Ahead Beyond Pandemics and Shutdowns,” which was published on July 10th.  By teaming with APCO to help craft the issues that were essential to better understand how the industry is viewed by the public, findings from the Insight Survey were used to support the two essential points of the opinion piece. CIRT will continue to look for opportunities to work with APCO on these critical matters; as can individual member firms when such expertise is called for or needed.

    NOTE: The APCO Insight Survey is available for dissemination and use by member firms.  If you missed the live broadcast, here are the materials from the event:  Information from CIRT/APCO Webinar.  
  • Mon, July 06, 2020 2:44 PM | Anonymous member (Administrator)

    The third quarter of 2020 experienced a return of optimism in both the overall Sentiment Index and in the Design Index segment when compared with last quarter's results. Read the FULL report here:  https://www.cirt.org/resources/Documents/Q3_2020_CIRT_FINAL.pdf



  • Wed, July 01, 2020 1:57 PM | Anonymous member (Administrator)

    Construction spending during May 2020 was estimated at a seasonally adjusted annual rate of $1,356.4 billion, 2.1 percent below a significantly upward revised April estimate of $1,386.1 billion. The May figure is 0.3 percent above the May 2019 estimate of $1,352.9 billion. The decreases were centered on the private sector side (with residential off $22.4 billion and non-residential off roughly half that down $11.6 billion). During the first five months of this year, construction spending amounted to $543.2 billion, remaining a healthy 5.7 percent above the $513.7 billion for the same period in 2019.

    Read more here.



  • Mon, June 01, 2020 12:29 PM | Anonymous member (Administrator)

    Construction spending during April 2020 was estimated at a seasonally adjusted annual rate of $1,346.2 billion, 2.9 percent below the revised March estimate of $1,386.6 billion.  However, the April figure is 3.0 percent above the April 2019 estimate of $1,307.1 billion. Most of the decreases were centered in the residential private sector market with some additional fall-off in public sector spending. During the first four months of this year, construction spending amounted to $412.5 billion, a healthy 7.1 percent above the $385.2 billion for the same period in 2019.

    PRIVATE CONSTRUCTION
    :
    Private Construction Spending on private construction was at a seasonally adjusted annual rate of $1,004.1 billion, 3.0 percent below the revised March estimate of $1,035.6 billion. Residential construction was at a seasonally adjusted annual rate of $536.8 billion in April, 4.5 percent below the revised March estimate of $561.9 billion. Nonresidential construction was at a seasonally adjusted annual rate of $467.3 billion in April, 1.3 percent below the revised March estimate of $473.6 billion.

    READ MORE


  • Fri, May 01, 2020 12:54 PM | Anonymous member (Administrator)

    Construction spending during March 2020 was estimated at a seasonally adjusted annual rate of $1,360.5 billion, 0.9 percent above the revised February estimate of $1,348.4 billion. The March figure is also 4.7 percent above the March 2019 estimate of $1,299.1 billion. The surprising figures might be explained by the fact much of the spending had already been committed to before the shutdowns began to take full effect. During the first three months of this year, construction spending amounted to $297.0 billion, 6.7 percent above the $278.5 billion for the same period in 2019.

    PRIVATE CONSTRUCTION:
    Private Construction Spending on private construction was at a seasonally adjusted annual rate of $1,012.5 billion, 0.7 percent above the revised February estimate of $1,005.8 billion. Residential construction experienced the most volatility at a seasonally adjusted annual rate of $550.3 billion in March, 2.3 percent above the revised February estimate of $537.7 billion. Nonresidential construction was at a seasonally adjusted annual rate of $462.3 billion in March, 1.3 percent below the revised February estimate of $468.2 billion. 

    More....

  • Wed, April 29, 2020 12:28 PM | Anonymous member (Administrator)

    In response the extremely fluid and every changing business landscape caused by the COVID-19 (Wuhan virus) pandemic and the ensuing economic shutdowns, CIRT instituted in conjunction with FMI a series of “Bi-Weekly” surveying instruments.  The purpose of these questionnaires is to gather “real time” data which can form the basis of informed decision-making by fellow CIRT members to address the challenges faced in these times.  Feedback is aggregated and confidential, but still provides clear trends and highlights approaches being pursued across the peer membership of CIRT.  In addition to the “current issue” matters addressed by CIRT’s “Bi-Weekly” instruments (SEE page 3 of the report), FMI has joined the effort by updating the quarterly Outlook with vital economic and market indices with the latest information.

    NOTE:  CIRT members were questioned regarding observed changes in demand for design and construction services since March 1, 2020.

    REMINDER:  The second "Bi-Weekly" Survey is out now for response.  Please be sure to provide your feedback to the current survey.  Thank you.

  • Wed, April 01, 2020 4:25 PM | Anonymous member (Administrator)

    Total construction spending during February 2020, announced by the U.S. Census Bureau, was estimated at a seasonally adjusted annual rate of $1,366.7 billion, 1.3 percent below the revised January estimate of $1,384.5 billion. The February figure is 6.0 percent above the February 2019 estimate of $1,289.0 billion. During the first two months of this year, construction spending amounted to $193.5 billion, 8.2 percent above the $178.8 billion for the same period in 2019.  These figures will likely form the base-line of where the markets stood BEFORE the national/worldwide COVID-19 (Wuhan Virus) took down economic activities in the fight to slow/stop the spread of the illness.

    PRIVATE CONSTRUCTION:
    Private construction spending was at a seasonally adjusted annual rate of $1,025.8 billion, 1.2 percent below the revised January estimate of $1,038.5 billion. Residential construction was at a seasonally adjusted annual rate of $564.3 billion in February, 0.6 percent below the revised January estimate of $567.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $461.5 billion in February, 2.0 percent below the revised January estimate of $471.0 billion.

    Read more....



  • Mon, March 23, 2020 2:35 PM | Anonymous member (Administrator)

    FMI has just released their industry study focused on leadership and strategy in bull and bear markets.

    Read the report HERE.

  • Mon, March 02, 2020 2:30 PM | Anonymous member (Administrator)

    The U.S. Census Bureau announced the following value put in place construction statistics for January 2020: Total Construction spending during January 2020 was estimated at a seasonally adjusted annual rate of $1,369.2 billion, 1.8 percent above the revised December estimate of $1,345.5 billion. The January figure is 6.8 percent above the January 2019 estimate of $1,282.5 billion. 

    PRIVATE CONSTRUCTION:
    Private Construction Spending on private construction was at a seasonally adjusted annual rate of $1,022.7 billion, 1.5 percent above the revised December estimate of $1,007.6 billion. Residential construction was at a seasonally adjusted annual rate of $554.8 billion in January, 2.1 percent above the revised December estimate of $543.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $468.0 billion in January, 0.8 percent above the revised December estimate of $464.1 billion. 

    Read more....


  • Fri, February 14, 2020 12:56 PM | Anonymous member (Administrator)

    The first quarter of 2020 showed an increase in both the CIRT Sentiment Index and Design Index. The CIRT Sentiment Index grew from 57.6 in the fourth quarter of 2019 to 63.6 in the first quarter of 2020. Higher index scores suggest broadened optimism across participating firms going into 2020. This quarter’s current issues questions polled CIRT membership on a variety of key internal metrics, including backlogs, firm capacity and hiring goals. The survey also captured open responses on challenges facing each company in 2020.

    Read the full report here.


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