The city and its suburbs account for roughly 5 percent of global cases, forcing officials to take urgent steps to stem the outbreak. Three weeks after its first coronavirus infection was discovered, the New York City region reached an alarming milestone on Sunday: It now accounts for roughly 5 percent of the world’s confirmed cases, […]
To help battle the coronavirus outbreak, governors of several states have shut down all but essential services in recent days. This has left building departments, state building associations and elected officials inundated with questions from contractors in affected areas. Heads of AEC firms of all sizes and functions, including subcontractors and architects, are looking for guidance on […]
A third of the United States is on lockdown, including its three largest cities. So why are construction sites still active? In California, Gov. Gavin Newsom labeled construction an “essential service.” New York Gov. Andrew Cuomo did the same, listing construction alongside child care, grocery stores, and hospitals. While some construction work easily passes this test, including repairs and […]
The Senate overwhelmingly passed a massive $2 trillion stimulus package late Wednesday that’s meant to soften the economic blow of the coronavirus pandemic for American workers and businesses. The Senate approved the 880-page bill in a unanimous 96-0 vote. The measure would provide billions of dollars in credit for struggling industries, a significant boost to unemployment insurance […]
President Donald Trump on Friday signed a $2 trillion stimulus billthat would cut $1,200 checks to many adults, expand unemployment insurance payments and extend loans to businesses, all in an effort to combat the coronavirus outbreak’s toll on the economy. Trump signed the bill hours after the House of Representatives passed the legislation in a voice vote. Senators unanimously […]
Earlier today, Governor Andrew M. Cuomo announced he is signing the “New York State on PAUSE” executive order, a 10-point policy to assure uniform safety for everyone. It includes a new directive that all non-essential businesses statewide must close in-office personnel functions effective at 8PM on Sunday, March 22. Guidance on essential services under the executive […]
While the stock market takes its biggest plunge since 2008 amid coronavirus fears, the real estate and construction worlds are grappling with the prospect of delays and rising costs as Chinese manufacturing and shipping slow to a crawl. As of last week, China had logged nearly 79,000 coronavirus cases and 2,800 deaths from the virus, […]
As the Coronavirus spreads across the globe, its impact continues to disrupt many industries, including construction. Over the last twenty years, the construction industry in the United States has substantially increased its reliance on China as a supplier for all types of construction materials including electrical and lighting equipment, elevators and component parts, plumbing fittings […]
Although COVID-19 (commonly known as coronavirus) is not currently rapidly spreading through communities in the United States, its impact on Chinese production has been devastating global supply chains. The outbreak has already affected US-based companies in tech, automotive, and airline industries, and is posing a threat to the construction industry. Construction Dive reports: “Richard Branch, chief economist […]
