www.construction.com Open in urlscan Pro
52.222.236.6  Public Scan

Form analysis
3 forms found in the DOM

Name: More_Info — POST https://cl.s12.exct.net/DEManager.aspx

<form role="form" name="More_Info" id="myformfindmore" action="https://cl.s12.exct.net/DEManager.aspx" method="post">
  <input id="field18" type="hidden" name="referrer" value="/company/thank-you-confirmation">
  <!-- <input id="field18" type="hidden" name="referrer" value="https://www.construction.com/?utm_source=sfmc&utm_medium=email&utm_campaign=FIRE_3RD_INS_030823_EMAIL&utm_term=https%3a%2f%2fwww.construction.com%2f&utm_id=37021&sfmc_id=71114051&AddtlEmailAttr=&AddtlEmailAttr=&AddtlEmailAttr=&AddtlEmailAttr=&AddtlEmailAttr=?thankyou=true&findprojects=true"  /> -->
  <!--<input value="More_Info" type="hidden" name="elqFormName"  />
						<input value="1123" type="hidden" name="elqSiteId"  />
						<input name="elqCampaignId" type="hidden"  />
						<input type="hidden" name="C_SiebelOnDemandLastCampaignID" id="C_SiebelOnDemandLastCampaignID" value="AAVA-BFM9U0">
						<input type="hidden" name="C_Lead_Source___Original1" id="C_Lead_Source___Original1" value="Web Form">
						<input type="hidden" name="C_SiebelOnDemandLastCampaignName" id="C_SiebelOnDemandLastCampaignName" value="DDA 1609 Website More Info">
						<INPUT type="hidden" name="C_Product_Interest__Subject_1" id="C_Product_Interest__Subject_1" value="DGN">
						<input type="hidden" name="C_Sales_Channel1" id="C_Sales_Channel1" value="C&S">
						<input type="hidden" name="C_Lead_Source___Most_Recent1" id="C_Lead_Source___Most_Recent1" value="Web Form">-->
  <!-- Persistent UTMs -->
  <!--<input type="hidden" name="utm_campaign" value="FIRE_3RD_INS_030823_EMAIL">
						
						<input type="hidden" name="utm_medium" value="email">
						
						<input type="hidden" name="utm_source" value="sfmc">
						
						<input type="hidden" name="utm_content" value="">
						
						
						
						<input type="hidden" name="utm_term" value="https://www.construction.com/">
						
						<input type="hidden" name="utm_test" value="DGN">
						
						<input name="s_identifier" id="identifier-req" type="text" class="hidden"/>-->
  <!-- New Hidden Fields - added 2/9/22 Dylan Wood -->
  <input type="hidden" id="LeadSource" name="LeadSource" value="web">
  <input type="hidden" id="CampaignId" name="CampaignId" class="campaignid" value="7013i000000ce7hAAA">
  <input type="hidden" id="UTMCampaign" name="UTMCampaign" class="utmcampaign" value="">
  <input type="hidden" id="UTContent" name="UTContent" class="utmcontent" value="">
  <input type="hidden" id="UTMSource" name="UTMSource" class="utmsource" value="">
  <input type="hidden" id="UTMMedium" name="UTMMedium" class="utmmedium" value="">
  <input type="hidden" id="UTMTerm" name="UTMTerm" class="utmterm" value="">
  <input type="hidden" id="UTMTest" name="UTMTest" class="utmtest" value="">
  <input type="hidden" name="_clientID" value="526003485">
  <input type="hidden" name="_deExternalKey" value="WebCollect">
  <input type="hidden" name="_action" value="add/update">
  <!--<input type="hidden" name="_returnXML" value="0" />-->
  <input type="hidden" name="_successURL" value="https://www.construction.com/company/thank-you-confirmation">
  <input type="hidden" name="_errorURL" value="https://salesforcechris.com/form.html/error">
  <div style="position:absolute; left:-9999px; top: -9999px;">
    <label for="pardot_extra_field">Comments</label>
    <input type="text" id="pardot_extra_field" name="pardot_extra_field">
  </div>
  <div class="row">
    <div class="col-xs-12 col-sm-6 col-md-6 form-group">
      <label>First Name <span>*</span></label>
      <input type="FirstName" class="form-control" required="true" name="FirstName" id="C_FirstName_FndPrj" value="">
    </div>
    <div class="col-xs-12 col-sm-6 col-md-6 form-group">
      <label>Last Name <span>*</span></label>
      <input type="LastName" class="form-control" required="required" name="LastName" id="C_LastName_FndPrj" value="">
    </div>
    <div class="col-xs-12 col-sm-6 col-md-6 form-group">
      <label>Email<span>*</span></label>
      <input type="Email" id="C_Email_FndPrj" class="form-control" pattern="[A-Za-z0-9._%+-]+@[A-Za-z0-9.-]+\.[A-Za-z]{1,63}$" required="true" name="Email" value="">
    </div>
    <div class="col-xs-12 col-sm-6 col-md-6 form-group">
      <label>Company<span>*</span></label>
      <!--<input type="CompanyName" id="C_Compamy_FndPrj" class="form-control" required="true" name="C_Company" value=""> -->
      <input type="CompanyName" id="C_Compamy_FndPrj" class="form-control" required="true" name="Company" value="">
    </div>
    <!-- Newly Added Field TITLE Start-->
    <!-- <div class="col-xs-12 col-sm-6 col-md-6 form-group">
                <label>Title <span>*</span></label>
                <input type="C_Title" id="C_Title_FndPrj" class="form-control" required="true" name="c_title" value="">
            </div> -->
    <!-- Newly Added Field TITLE End -->
    <!-- Newly Added Field BUSINESS TYPE Start-->
    <div class="col-xs-12 col-sm-6 col-md-6 form-group">
      <label>Business Type <span>*</span></label>
      <select id="Business_Type_FndPrj" class="form-control" required="true" name="BusinessType">
        <option value="">---Select---</option>
        <option value="Advertising">Advertising</option>
        <option value="Architect">Architect</option>
        <option value="Builder">Builder</option>
        <option value="Building or Project Owner/Developer">Building or Project Owner/Developer</option>
        <option value="Building Product Manufacturer">Building Product Manufacturer</option>
        <option value="Construction Management">Construction Management</option>
        <option value="Consultant">Consultant</option>
        <option value="Distributor">Distributor</option>
        <option value="Education">Education</option>
        <option value="Engineering">Engineering</option>
        <option value="Equipment/Tools">Equipment/Tools</option>
        <option value="Facilities">Facilities</option>
        <option value="Financial/Insurance/Legal">Financial/Insurance/Legal</option>
        <option value="General Contractor">General Contractor</option>
        <option value="Highway and Heavy Construction">Highway and Heavy Construction</option>
        <option value="Government">Government</option>
        <option value="Rental Management">Rental Management</option>
        <option value="Software/Technology">Software/Technology</option>
        <option value="Sub-Contractor/Trade">Sub-Contractor/Trade</option>
        <option value="Supplier">Supplier</option>
        <option value="Trade Association/Union">Trade Association/Union</option>
        <option value="Transportation">Transportation</option>
        <option value="Utility">Utility</option>
        <option value="Other">Other</option>
        <!--   <option value="Architect" >Architect</option>
<option value="Building or Project Owner/Developer" >Building or Project Owner/Developer</option>
<option value="Building Product Manufacturer" >Building Product Manufacturer</option>
<option value="Construction Management" >Construction Management</option>
<option value="Construction Service" >Construction Service</option>
<option value="Consultant" >Consultant</option>
<option value="Distributor" >Distributor</option>
<option value="Education" >Education</option>\
<option value="Engineering" >Engineering</option>
<option value="Equipment/Tools" >Equipment/Tools</option>
<option value="Facilities" >Facilities</option>
<option value="Financial/Insurance/Legal" >Financial/Insurance/Legal</option>
<option value="Fire Protection/Pipefitting" >Fire Protection/Pipefitting</option>
<option value="General Contractor" >General Contractor</option>
<option value="Government" >Government</option>
<option value="Highway and Heavy Construction" >Highway and Heavy Construction</option>
<option value="Lessee/Franchisee" >Lessee/Franchisee</option>
<option value="Real Estate" >Real Estate</option>
<option value="Rental Management" >Rental Management</option>
<option value="Safety and Security" >Safety and Security</option>
<option value="Software/Technology" >Software/Technology</option>
<option value="SubContractor" >SubContractor</option>
<option value="Trade Association/Union" >Trade Association/Union</option>
<option value="Transportation" >Transportation</option>
<option value="Utility" >Utility</option>
            -->
      </select>
    </div>
    <!-- Newly Added Field BUSINESS TYPE End -->
    <!-- Newly Added Field Address Start-->
    <!-- <div class="col-xs-12 col-sm-6 col-md-6 form-group">
                <label>Address <span>*</span></label>
                <input type="C_Address" id="C_Address_FndPrj" class="form-control" name="c_address" value="" required="true">
            </div> -->
    <!-- Newly Added Field Address End -->
    <div class="col-xs-12 col-sm-6 col-md-6 form-group">
      <label>Business Phone<span>*</span></label>
      <input type="phone" id="C_Phone_FndPrj" class="form-control" name="Phone" value="" required="true">
    </div>
    <div class="col-xs-12 col-sm-6 col-md-6 form-group">
      <label>Zip or Postal Code <span>*</span></label>
      <input type="text" id="C_Pin_FndPrj" class="form-control" name="Zip" value="" required="true">
    </div>
  </div>
  <div class="row">
    <!--<input type="hidden" name="gatracking" value="eventCategory: 'Request More Project', eventAction: 'Form Submit', eventLabel: 'Request More Project Form submit'" id="gatrackinghomepagereq">
         -->
    <div class="col-xs-12 col-sm-12 col-md-12 text-center">
      <button type="submit" class="btn btn-info btn-lg submit" id="submit-btn-homepagereq" value="Submit" name="submit_demo">Submit</button>
    </div>
    <p class="text-center">
      <small><em>"I Agree to the <a target="_blank" href="/terms-of-use">Terms of Service</a> and the <a target="_blank" href="/privacy-policy">Privacy Policy</a>"</em></small>
    </p>
  </div>
</form>

Name: Demo — POST https://cl.s12.exct.net/DEManager.aspx

<form role="form" class="col-xs-10 col-xs-offset-1 col-sm-10 col-sm-offset-1 col-md-10" name="Demo" id="myformDemoRequest" action="https://cl.s12.exct.net/DEManager.aspx" method="post">
  <!--<input id="field18" type="hidden" name="referrer" value="https://www.construction.com/company/thank-you-confirmation"  />                            
						<input value="Demo" type="hidden" name="elqFormName"  />
						<input value="1123" type="hidden" name="elqSiteId"  />
						<input name="elqCampaignId" type="hidden"  />
						<input type="hidden" name="C_SiebelOnDemandLastCampaignID" id="C_SiebelOnDemandLastCampaignID" value="AAVA-BFM9U4">
						<input type="hidden" name="C_Lead_Source___Original1" id="C_Lead_Source___Original1" value="Web Form">
						<input type="hidden" name="C_SiebelOnDemandLastCampaignName" id="C_SiebelOnDemandLastCampaignName" value="DDA 1609 Website Demo">
						<INPUT type="hidden" name="C_Product_Interest__Subject_1" id="C_Product_Interest__Subject_1" value="DGN">
						<input type="hidden" name="C_Sales_Channel1" id="C_Sales_Channel1" value="C&S">
						<input type="hidden" name="C_Lead_Source___Most_Recent1" id="C_Lead_Source___Most_Recent1" value="Web Form">
						
						<input type="hidden" name="utm_campaign" value="FIRE_3RD_INS_030823_EMAIL">
						
						<input type="hidden" name="utm_content" value="">
						
						<input type="hidden" name="utm_medium" value="email">
						
						<input type="hidden" name="utm_source" value="sfmc">
						
						<input type="hidden" name="utm_term" value="https://www.construction.com/">
						
						<input type="hidden" name="utm_test" value="DGN">
						
						<input name="s_identifier" id="identifier-demo" type="text" class="hidden"/>-->
  <!-- New Hidden Fields - added 2/9/22 Dylan Wood -->
  <input type="hidden" id="LeadSource" name="LeadSource" value="web">
  <input type="hidden" id="CampaignId" name="CampaignId" class="campaignid" value="7013i000000ce7hAAA">
  <input type="hidden" id="UTMCampaign" name="UTMCampaign" class="utmcampaign" value="">
  <input type="hidden" id="UTContent" name="UTContent" class="utmcontent" value="">
  <input type="hidden" id="UTMSource" name="UTMSource" class="utmsource" value="">
  <input type="hidden" id="UTMMedium" name="UTMMedium" class="utmmedium" value="">
  <input type="hidden" id="UTMTerm" name="UTMTerm" class="utmterm" value="">
  <input type="hidden" id="UTMTest" name="UTMTest" class="utmtest" value="">
  <input type="hidden" name="_clientID" value="526003485">
  <input type="hidden" name="_deExternalKey" value="WebCollect">
  <input type="hidden" name="_action" value="add/update">
  <!--<input type="hidden" name="_returnXML" value="0" />-->
  <input type="hidden" name="_successURL" value="https://www.construction.com/company/thank-you-confirmation">
  <input type="hidden" name="_errorURL" value="https://salesforcechris.com/form.html/error">
  <div class="form-group group">
    <label for="Email">Email<span>*</span></label>
    <input type="Email" id="C_Email_Demo" class="form-control" pattern="[A-Za-z0-9._%+-]+@[A-Za-z0-9.-]+\.[A-Za-z]{1,63}$" required="required" name="Email" value="">
  </div>
  <div class="form-group group">
    <label for="FirstName">First Name<span>*</span></label>
    <input type="FirstName" class="form-control" required="required" name="FirstName" id="C_FirstName_Demo" value="">
  </div>
  <div class="form-group group">
    <label for="LastName">Last Name<span>*</span></label>
    <input type="LastName" class="form-control" required="required" name="LastName" id="C_LastName_Demo" value="">
  </div>
  <div class="form-group group">
    <label for="CompanyName">Company<span>*</span></label>
    <!-- <input type="CompanyName" id="C_Compamy_Demo" class="form-control" required name="C_Company" value=""> -->
    <input type="CompanyName" id="C_Compamy_Demo" class="form-control" required="" name="Company" value="">
  </div>
  <!-- Newly Added Fields -->
  <!-- Newly Added Field TITLE Start-->
  <!-- <div class="col-xs-12 col-sm-6 col-md-6 form-group" style="padding-left:0;">
                <label>Title <span>*</span></label>
                <input type="C_Title" id="C_Title_Demo" class="form-control" required="true" name="c_title" value="">
            </div> -->
  <!-- Newly Added Field TITLE End -->
  <!-- Newly Added Field BUSINESS TYPE Start-->
  <div class="form-group group" style="padding-right:0;">
    <label>Business Type <span>*</span></label>
    <select id="Business_Type_Demo" class="form-control" required="true" name="BusinessType">
      <option value="">--Select--</option>
      <option value="Architect">Architect</option>
      <option value="Building or Project Owner/Developer">Building or Project Owner/Developer</option>
      <option value="Building Product Manufacturer">Building Product Manufacturer</option>
      <option value="Construction Management">Construction Management</option>
      <option value="Construction Service">Construction Service</option>
      <option value="Consultant">Consultant</option>
      <option value="Distributor">Distributor</option>
      <option value="Education">Education</option>\ <option value="Engineering">Engineering</option>
      <option value="Equipment/Tools">Equipment/Tools</option>
      <option value="Facilities">Facilities</option>
      <option value="Financial/Insurance/Legal">Financial/Insurance/Legal</option>
      <option value="Fire Protection/Pipefitting">Fire Protection/Pipefitting</option>
      <option value="General Contractor">General Contractor</option>
      <option value="Government">Government</option>
      <option value="Highway and Heavy Construction">Highway and Heavy Construction</option>
      <option value="Lessee/Franchisee">Lessee/Franchisee</option>
      <option value="Real Estate">Real Estate</option>
      <option value="Rental Management">Rental Management</option>
      <option value="Safety and Security">Safety and Security</option>
      <option value="Software/Technology">Software/Technology</option>
      <option value="SubContractor">SubContractor</option>
      <option value="Trade Association/Union">Trade Association/Union</option>
      <option value="Transportation">Transportation</option>
      <option value="Utility">Utility</option>
    </select>
  </div>
  <!-- Newly Added Field BUSINESS TYPE End -->
  <!-- Newly Added Field Address Start-->
  <!-- <div class="form-group group" style="padding-left:0;">
                <label>Address <span>*</span></label>
                <input type="C_Address" id="C_Address_Demo" class="form-control" name="c_address" value="" required="true">
            </div> -->
  <!-- Newly Added Field Address End -->
  <!--Newly Added fields End -->
  <div class="form-group group">
    <label for="Number">Business Phone<span>*</span></label>
    <input type="phone" id="C_Phone_Demo" class="form-control" name="Phone" value="" required="true">
  </div>
  <div class="form-group group">
    <label for="Number">Zip or Postal Code<span>*</span></label>
    <input type="text" id="C_Pin_Demo" class="form-control" name="Zip" value="" required="true">
  </div>
  <!--	<input type="hidden" name="gatracking" value="eventCategory: 'Demo Request', eventAction: 'Form Submit', eventLabel: 'Demo Request Form submit'" id="gatrackingdemo">
                            -->
  <div class="clearfix visible-lg visible-sm"></div>
  <div style="position:absolute; left:-9999px; top: -9999px;">
    <label for="pardot_extra_field">Comments</label>
    <input type="text" id="pardot_extra_field" name="pardot_extra_field">
  </div>
  <div class="submit-button">
    <button type="submit" class="btn btn-info btn-lg submit" value="Submit" id="submit-btn-click" name="submit_demo">Submit</button>
  </div>
  <p class="text-center">
    <small><em>"I Agree to the <a target="_blank" href="/terms-of-use">Terms of Service</a> and the <a target="_blank" href="/privacy-policy">Privacy Policy</a>"</em></small>
  </p>
</form>

Name: newsletters — POST https://cl.s12.exct.net/DEManager.aspx

<form role="form" class="col-xs-10 col-xs-offset-1 col-sm-10 col-sm-offset-1 col-md-10" name="newsletters" id="frmnewsletters" action="https://cl.s12.exct.net/DEManager.aspx" method="post">
  <div class="displaynone">
    <!--	<input id="field18" type="hidden" name="referrer" value="https://www.construction.com/?utm_source=sfmc&utm_medium=email&utm_campaign=FIRE_3RD_INS_030823_EMAIL&utm_term=https%3a%2f%2fwww.construction.com%2f&utm_id=37021&sfmc_id=71114051&AddtlEmailAttr=&AddtlEmailAttr=&AddtlEmailAttr=&AddtlEmailAttr=&AddtlEmailAttr=?thankyou=true&newsletter=true"  />
								<input value="newsletters" type="hidden" name="elqFormName"  />
								<input value="1123" type="hidden" name="elqSiteId"  />
								<input name="elqCampaignId" type="hidden"  />
								<input type="hidden" name="C_SiebelOnDemandLastCampaignID" id="C_SiebelOnDemandLastCampaignID" value="AAVA-BFM9U4">
						<input type="hidden" name="C_Lead_Source___Original1" id="C_Lead_Source___Original1" value="Web Form">
						<input type="hidden" name="C_SiebelOnDemandLastCampaignName" id="C_SiebelOnDemandLastCampaignName" value="DDA 1609 Website Demo">
						<INPUT type="hidden" name="C_Product_Interest__Subject_1" id="C_Product_Interest__Subject_1" value="DGN">
						<input type="hidden" name="C_Sales_Channel1" id="C_Sales_Channel1" value="C&S">
						<input type="hidden" name="C_Lead_Source___Most_Recent1" id="C_Lead_Source___Most_Recent1" value="Web Form">
						
						<input name="s_identifier" id="identifier-newsletter" type="text" class="hidden"/>-->
    <!-- New Hidden Fields - added 2/9/22 Dylan Wood -->
    <input type="hidden" id="LeadSource" name="LeadSource" value="web">
    <input type="hidden" id="CampaignId" name="CampaignId" class="campaignid" value="7013i000000ce7hAAA">
    <input type="hidden" id="UTMCampaign" name="UTMCampaign" class="utmcampaign" value="">
    <input type="hidden" id="UTContent" name="UTContent" class="utmcontent" value="">
    <input type="hidden" id="UTMSource" name="UTMSource" class="utmsource" value="">
    <input type="hidden" id="UTMMedium" name="UTMMedium" class="utmmedium" value="">
    <input type="hidden" id="UTMTerm" name="UTMTerm" class="utmterm" value="">
    <input type="hidden" id="UTMTest" name="UTMTest" class="utmtest" value="">
    <input type="hidden" name="_clientID" value="526003485">
    <input type="hidden" name="_deExternalKey" value="WebCollect">
    <input type="hidden" name="_action" value="add/update">
    <!--<input type="hidden" name="_returnXML" value="0" />-->
    <input type="hidden" name="_successURL" value="https://www.construction.com/company/thank-you-confirmation">
    <input type="hidden" name="_errorURL" value="https://salesforcechris.com/form.html/error">
  </div>
  <div class="form-group group">
    <label for="FirstName">First Name<span>*</span></label>
    <input type="FirstName" class="form-control" required="required" name="firstName" id="C_FirstName_newsletter" value="">
  </div>
  <div class="form-group group">
    <label for="LastName">Last Name<span>*</span></label>
    <input type="LastName" class="form-control" required="required" name="lastName" id="C_LastName_newsletter" value="">
  </div>
  <div class="form-group group">
    <label for="Email">Email Address<span>*</span></label>
    <input type="Email" class="form-control" pattern="[A-Za-z0-9._%+-]+@[A-Za-z0-9.-]+\.[A-Za-z]{1,63}$" required="required" name="Email" id="C_Email_newsletter" value="">
  </div>
  <div class="form-group group">
    <label for="CompanyName">Company Name<span>*</span></label>
    <input type="CompanyName" class="form-control" name="Company" id="C_Company_newsletter" required="" value="">
  </div>
  <div class="clearfix visible-lg visible-sm"></div>
  <!-- <div class="checkbox">
                                <label>
                                    <input type="checkbox"> All Products</label>
                            </div> -->
  <div class="row checks">
    <div class="col-xs-12 col-sm-6 col-md-6">
      <label>
        <input type="checkbox" name="mdyn" id="mdyn" value="on"> Market Dynamics</label>
    </div>
    <div class="col-xs-12 col-sm-6 col-md-6">
      <label>
        <input type="checkbox" name="dmoni" id="dmoni" value="on"> Dodge Momentum Index</label>
    </div>
    <div class="col-xs-12 col-sm-6 col-md-6">
      <label>
        <input type="checkbox" name="Beyondthedata" id="Beyondthedata" value="on"> Beyond the Data</label>
    </div>
    <div class="col-xs-12 col-sm-6 col-md-6">
      <label>
        <input type="checkbox" name="swn" id="swn" value="on"> Sweets<sup>©</sup> Product update</label>
    </div>
  </div>
  <div class="checkbox terms">
    <label>
      <input type="checkbox" id="chk-agreement" required=""> Agree to<a class="f-text" href="terms-of-use" rel="nofollow" target="_blank">Terms</a></label>
  </div>
  <div class="submit-button">
    <!--<input type="hidden" name="gatracking" value="eventCategory: 'Newsletter Subscription', eventAction: 'Subscription', eventLabel: 'Subscription Form submit'" id="gatrackingnews">
							--><button type="submit" class="btn btn-info btn-lg submit" id="submit-btn-newsletter" name="newssubmit">Submit</button>
  </div>
</form>

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MAY EMPLOYMENT NUMBERS POSITIVE, BUT CONSTRUCTION TAKES A HIT

By Richard Branch, Chief Economist, Dodge Data & Analytics

HAMILTON, NJ - JUNE 4, 2021 -- The U.S. economy added 589,000 new jobs in May, a
solid improvement over the 278,000 jobs added in April, and the U.S.
unemployment rate fell to 5.8%. Easing of state and local Covid-19 restrictions
is helping the economy make steady improvement. Most new jobs came from leisure
and hospitality (which added 292,000 jobs), education, and healthcare.

 



 

The construction sector, however, shed 20,000 jobs — the second consecutive
monthly decline. Employment in building construction grew by 4,900 positions due
to gains in single family housing, but specialty trade jobs fell by 19,300 and
heavy and civil engineering jobs dropped by 5,500.

The disappointing construction jobs figure stands in stark contrast to the
dollar value of projects that Dodge Data & Analytics tracks in the early stages
of planning, which are at levels not seen in nearly 13 years. Today’s jobs
figure is a reminder that the hope that construction starts will post aggressive
growth in the second half of the year must be tempered as scarce and higher
prices for construction materials lead to further delays in getting projects
underway and completed.

The recovery in the construction sector will be jagged through the remainder of
2021, but confidence is growing that 2022 will bring a healthy pickup in
construction activity.

 







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BIRTHS AND BIRTH RATE ON THE DECLINE IN THE U.S.

By Kim Kennedy Director of Forecasting, Dodge Data & Analytics

While last year was unique for so many reasons, one way it was not unique is
that the number of babies born in the U.S. fell 4% in 2020 to 3,605,201. The
birth rate also fell 4% to its lowest level since 1979 (42 years).  Just 55.8
babies were born for every 1,000 women aged 15-44 in the U.S. The negative
economic impact of the pandemic has caused many Americans to be concerned about
their jobs and income, student loan debt, and many other aspects of their
finances, leading them to postpone or forego decisions to have children.

 



 

Furthermore, the number of births and birth rate are unlikely to pull a sudden
reversal in 2021 as the economy begins to re-open. Since gestation is nine
months, decisions about having children made in 2020 will continue to impact
births through most of 2021. Even as the economy begins to improve, births and
birth rates are unlikely to show major changes. A declining birth rate, in fact,
has become a long-standing fact for the United States. In the 1950s, for
example, the typical woman had an average of four children. Today, that figure
is less than two (1.6 in 2020) — a level that is below the “replacement rate”
and therefore portends a decline in the population.

Why is this significant to the construction industry? Population growth is the
underlying driver of nearly all construction — with the possible exception of
renovation that simply improves existing facilities and does not add new space.
An argument could be made that a declining population even lowers demand for
renovation, however, as a smaller population requires less space. Therefore, a
decline in the U.S. population will mean weaker demand for construction in
coming years, shrinking the pie available to members of the construction
industry.

The wild card, of course, lies with immigration. The U.S. population is a
combination of the internal, domestic population as well as the in-migration of
people from other parts of the world. As U.S. immigration policies are loosened
under a presumably more expansive Biden administration, immigrants may be able
to take up some of the slack that a declining domestic population creates. How
much of that slack will be tightened remains to be seen, however, since the U.S.
has struggled to find consensus on immigration policy for some time.

 

 







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GDP GROWS 6.4 PERCENT IN FIRST QUARTER

By Kim Kennedy, Director of Forecasting Dodge Data & Analytics

HAMILTON, NJ -- APRIL 30, 2021 -- As more states began to re-open during
first-quarter 2021, anticipated pent-up demand showed up in force and the
economy grew at an annualized 6.4%. Significantly more people began to be
vaccinated in the first quarter encouraging state and local governments to begin
to ease restrictions on activities, and life slowly began to return to a new
normal. In addition, COVID-19 stimulus checks and enhanced unemployment
compensation were distributed in the first quarter and, combined with growing
employment and a robust stock market, gave consumers the confidence to spend.
Consumer spending, in fact, grew at an annualized 10.7% in the first quarter.
Excluding last year’s third quarter (which saw an astounding bounceback
following the second quarter’s drop), this was the strongest quarterly growth
rate for consumer spending since 1965.

 



 

Fixed business investment in equipment (up at an annualized 16.7%) and business
investment in intellectual property products (up 10.1%) were also strong
components of last quarter’s growth. Business investment in nonresidential
structures, however, saw its sixth consecutive quarterly decline with the first
quarter’s 4.8% drop. This weak spot has been a significant blow to the
construction industry’s recovery.

By contrast, investment in housing saw only one quarter of decline (a sharp
35.6% drop in the second quarter of 2020) and has energetically rebounded since
then. Growth slowed to a still hot 10.8% in the first quarter. These vigorous
gains in housing have somewhat eased the construction industry’s nonresidential
malaise, although players do not always overlap.

Looking ahead nonresidential construction (particularly nonbuilding
construction) could receive an enthusiastic boost from the Biden
Administration’s proposed $2.3 billion American Jobs Act. If enacted, an
estimated billion dollars of funding would be distributed for various
infrastructure projects including roads, bridges, transit, water and sewer,
water resources, as well as education and healthcare buildings. While not
distributed in a single year, this effort would nonetheless provide a
significant lift to the construction industry’s recovery. Follow this link to
review our early analysis of how even a limited infrastructure program could
have a positive impact on construction starts.
https://www.construction.com/dodge-newsletters/infrastructure-proposal-could-have-profound-impact-on-construction-starts

 

 







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INFRASTRUCTURE PROPOSAL COULD HAVE PROFOUND IMPACT ON CONSTRUCTION STARTS

By Richard Branch, Chief Economist, Dodge Data & Analytics

On Wednesday, March 31, President Biden unveiled his nearly $2 trillion
infrastructure and job growth initiative called the American Jobs Act. It is a
program that, if enacted in whole, would have a profound impact on the economy,
and the construction sector in particular. The plan is expansive and its direct
construction-related portion accounts for roughly half of the total.

 



The proposal sets aside $621 billion for transportation initiatives including
funding for roads, electric vehicle incentives and charging stations, public
transit, airports, and ports. For buildings and utilities, another $689 billion
is dedicated to water infrastructure, broadband internet, electric grid
improvements, public schools, and veterans’ hospitals. Additional funds are also
made available for workforce training, increased wages/benefits for home-care
workers, and new spending on research and development.

While comprehensive, the plan’s future course remains precarious. The main
difficulty lies with its passage through Congress where it may prove difficult
to pass another large spending bill on the heels of the $1.9 trillion COVID-19
relief bill (the American Rescue Act) signed into law in March. To pay for the
elements of the American Jobs Act, the plan calls for raising corporate taxes —
a large hurdle that could raise the ire of Republicans and moderate Democrats.
Pushing through the legislation with Democrats alone brings its own
complications (either using the budget reconciliation process that requires the
bill is fully paid for, or eliminating the filibuster), and would still require
unanimity among Senate Democrats.

At the same time, a great deal of bipartisan and bicameral support does exist
for added spending on infrastructure projects. In 2015, for example, President
Obama and the Republican-controlled Congress agreed on the $305 billion FAST
Act, and just before the 2020 presidential election, bipartisan committees in
the House and Senate had agreed on its replacement.

To build this large effort into the forecast, and yet account for the looming
uncertainty of what will eventually be passed, Dodge has included a much more
limited and targeted infrastructure package into the forecast set to be released
at the end of April — roughly $550 billion for core infrastructure construction,
or half the size of the current core infrastructure proposal. This
infrastructure spending is assumed to be in addition to a $300 billion
replacement for the FAST Act, which has already been built into the Dodge
construction starts forecast.

Even this lower dollar figure would have an immediate and positive impact on the
forecast for construction starts. Under this assumption, our proprietary
econometric model suggests that public works starts would increase by nearly 50%
from 2021 through the end of our forecast window in 2025, up from a 17% growth
rate in the previous version of the forecast released in January. This growth is
equally shared across the public works sectors. Nonresidential buildings would
also see some support through additional funds for education, healthcare, and
federal buildings, but the impact is more muted.

We will be hosting a webinar on Tuesday April 27th at 2pm EST to discuss in more
detail the impact of a infrastructure package on the construction starts
forecast. Registration information will be forthcoming.

 







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EMPLOYMENT GROWTH PICKS UP IN FEBRUARY

By Kim Kennedy, Director of Forecasting Dodge Data & Analytics

BEDFORD, MA -- MARCH 5, 2021 -- New cases of COVID-19 began to decline in
February after the winter surge and the economy responded positively by adding a
healthy 379,000 jobs during the month and allowing the unemployment rate to slip
to 6.2%. The easing of COVID-19 restrictions encouraged job growth in sectors
hit hardest by the pandemic. Leisure and hospitality, for example, added 355,000
jobs in February with most of those jobs (286,000) coming from restaurants and
bars. Retail jobs climbed by a smaller 41,000 and healthcare service employment,
in high demand with the pandemic, increased by almost 46,000. Temporary jobs,
which are typically a leading indicator for overall job growth, also rose by
57,000 over the month.

 



 

Construction employment, by contrast, fell by 61,000 in February. Specialty
trade contractors lost 42,000 jobs and heavy/civil engineering jobs were down by
21,000, but the stalwart residential sector still added 5,000 jobs over the
month.

Private sector jobs increased by 465,000 in February, but government jobs
continued to feel the squeeze from the loss of tax revenue and high cost of
responding to the pandemic. Government jobs declined by 86,000 in February with
most of those losses coming from state (39,000) and local (44,000) governments.

Looking ahead, Dodge believes that employment will continue to grow,
particularly as the economy picks up steam in the second half of the year. The
president is promising plentiful COVID-19 vaccines for Americans by the end of
May, which should usher in the beginnings of a true recovery.

 

 







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INFRASTRUCTURE PROVIDES OPPORTUNITY, BUT NOT WITHOUT CHALLENGES

By Richard Branch, Chief Economist, Dodge Data & Analytics

BEDFORD, MA – FEBRUARY 24, 2021 – In 2020, the COVID-19 pandemic raged on,
pushing the U.S. economy into recession and constraining opportunity.
Construction starts fell 9% to $778 billion but would have been down a total of
17% if single family construction had not provided a significant boost.

The COVID-19 vaccine rollout will help the overall economic recovery, but the
construction sector’s recovery will be limited by reduced demand for
nonresidential buildings, budgetary issues at the state and local level, and
limited public works projects.

Hope for a better recovery, however, lies with the potential for an influx of
federal stimulus funds directed to infrastructure. President Biden’s Build Back
Better plan is said to include “a $2 trillion accelerated investment, with a
plan to deploy those resources over his first term.” The last major spending
program was in the wake of the Great Recession in 2009. Though the American
Recovery Reinvestment Act of 2009 (ARRA) helped direct $100-$150 billion towards
infrastructure, it did not provide consistent and significant upward momentum in
public works starts.



If, however, President Biden’s (or similar Congressional) infrastructure package
is aimed at investment across a broad range of construction types, it could
significantly alter Dodge’s forecast trajectory. Below is a brief look at its
potential impact by project type.

Potential High Impact

Public Works: Public works consist largely of roads, bridges, water supply,
other water resources, and sewers/waste removal. In constant dollar terms (i.e.,
adjusted for inflation), public works construction peaked in 2002 at $68
billion. In the years since, starts have averaged just $59 billion after
adjusting for inflation. This is arguably the “low hanging fruit” in any
potential infrastructure plan. There is broad consensus across party lines for
action beyond a renewal of the five-year surface transportation plan (FAST Act),
which is set to expire on September 30, 2021.

Transit/High-Speed Rail: Throughout the COVID-19 pandemic, single family
construction has been growing sharply in less dense (and more affordable)
suburban and rural areas further away from downtown cores. While this pace is
expected to cool somewhat as the pandemic eases, it will exacerbate congestion
on roads and transit systems. Legislation for roads and transit would,
therefore, likely include additional funds for high-speed rail projects such as
the Dallas-Houston line, Los Angeles-Las Vegas line, and potential upgrades to
Amtrak’s Acela line between Boston and New York. Land acquisition will be a
significant challenge to overcome for these kinds of projects.

Renovations: Addressing climate change was a hallmark of Build Back Better, so
improving energy efficiency for existing structures could be a significant
element of the final plan. In 2020, nonresidential building renovations totaled
$61 billion, accounting for 25% of all nonresidential building starts. The
likely vehicle for funding these projects is tax credits, which could reduce the
overall cost.

Potential Medium Impact

Renewables: Over the last decade, utility-scale renewable projects (mainly wind
and solar) have accounted for almost 60% of all electric generation starts. In
December 2020, the Investment Tax Credit and Production Tax Credit were extended
through 2025 as part of the omnibus appropriations package, providing further
tailwinds for this sector. Additional funds will likely be allocated in the
infrastructure plan to build renewable resources. The current limiting factor to
stronger growth in this sector is the lack of transmission capacity to carry the
power to large markets.

Potential Small Impact

Data Centers: Access to broadband internet has been a key restraint to growth in
many areas of the country and could be a boon in any potential infrastructure
package. In turn, this could have a two-tailed effect on construction. First,
from the actual buildout of the wiring and other assets, but also increased data
center construction. It seems unlikely that data center developers would receive
direct funds to build, but tax credits could potentially be made available. Even
without support, data center construction starts have totaled nearly $30 billion
since 2017 and are likely to remain robust.

Healthcare: The pandemic laid bare the lack of surge capacity within the
nation’s hospitals. Over the last decade, healthcare construction starts have
been heavily skewed towards outpatient clinics, while investment in hospitals
has trended lower. Although the issue was not directly addressed during the
campaign as part of an infrastructure package, it seems logical that
insufficient in-patient bed counts could be addressed.

Summary

A program of this size is not without challenges. The current political
environment presents the most significant impediment. Slim majorities in the
House and Senate will require finesse in passing any large dollar spending
program, especially since it comes on the heels of a big-ticket COVID-19 relief
package.

The ultimate impact on the construction sector will also be determined by how
spending programs are designed:

 * Will funds be allocated over multiple years? Longer duration spending
   programs will mute the impact on annual construction starts.
 * What will be the ultimate funding formula at the project level? Will the
   federal government spend the bulk of the funds, or will funds be allocated to
   state and local entities for disbursement?
 * Will state and local governments need to provide matching funds? The pandemic
   and economic fallout have had a significant impact on budgets, so matching
   requirements may lead to lower overall investment.

Much remains to be determined, but the possibilities for an infrastructure
package on construction are significant. Once a plan has been submitted to
Congress, Dodge Data & Analytics will be able to provide more guidance on the
potential impact on our proprietary construction starts forecast.

This topic, and much more, will be discussed in our upcoming webinar The Rocky
Road to Recovery: Dodge Construction 2021 Outlook – First Quarter Update on
March 4th at 2 PM EST.

For more information and to register:
https://register.gotowebinar.com/register/8230860895708523280?source=Reps

 







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LABOR MARKET POSTS WEAK GAIN AT START OF 2021

By Richard Branch, Chief Economist, Dodge Data & Analytics

The Bureau of Labor Statistics reported today that the U.S. economy added just
49,000 jobs in the month of January following the December decline of 227,000.
In January, the construction sector lost 3,000 jobs — the first time since April
that the sector has shed positions. Residential building and heavy and civil
engineering jobs rose in January, while nonresidential and specialty trade
positions fell.

 

 
 
The unsteady labor market recovery mirrors other high frequency data for the
construction sector. In a separate release issued today, the Dodge Momentum
Index, a leading indicator for nonresidential building, posted an increase that
lifted the Index above its pre-pandemic level. However, the dollar value of
public building planning projects (schools, healthcare, etc.) in this month’s
Momentum Index were at lows not seen since the Momentum Index began in 2002.
Commercial sector projects in planning (offices, warehouses, hotels, retail) are
recovering, although that recovery is largely due to the warehouse sector.
E-commerce distributors like Amazon Inc. are planning numerous warehouse
projects to satisfy the growing demand for online shopping. Without the
warehouse sector, this leading indicator for nonresidential construction would
be well below the level seen prior to the COVID-19 pandemic. 
 
 
Construction starts have also suffered in the wake of weak economic and labor
market growth. Nearly every sector and metropolitan area in the country posted
significant declines in construction in 2020 as reported in our recent Beyond
the Data newsletter. Many projects in planning continue to languish, and there
is little hope for impetus to alter that trend during the early months of 2021.
Hope will come, however, once the COVID-19 vaccine is more widely distributed
among the nation’s population.
 







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2020 ENDS WITH JOB LOSSES

By Richard Branch, Chief Economist Dodge Data & Analytics

NEW JERSEY — JANUARY 11, 2021 —  U.S. economy lost 140,000 jobs in December as
the economy downshifted in the face of rising COVID-19 cases across the country.
The construction sector was one of the few bright spots during the month as it
gained 51,000 jobs. Still, construction has added back less than 80% of the jobs
lost in March and April.

 



 

Other data from the construction sector suggests construction has not escaped
the distress from COVID-19. The Dodge Momentum Index, a leading indicator on
nonresidential building activity, finished 2020 4.8% below where it was at the
end of 2019 – a gap that would have been much wider if not for robust activity
in the warehouse market. Outside of building related to e-commerce, planning for
both commercial and institutional building has struggled to gain traction in the
midst of weak economic growth.

Construction starts (ground breakings) also suffered greatly during the year.
Building starts posted significant declines in 2020 with only single family
housing and warehouse activity showing strength. Nonbuilding (infrastructure)
starts also languished as state and local revenues declined.

The December jobs report is a poignant reminder that the U.S. economy was in
precarious shape as 2020 ended due to the new wave of COVID-19 cases spreading
rapidly across the country. For the first time in nearly a year, however, we can
say that the immediate future looks brighter. The $900 billion stimulus plan
approved by Congress at the end of 2020 will provide meaningful support for
individuals and businesses. Further deployment of vaccines will also lead to a
more rapid recovery as the year progresses. While it will be a long road back to
full recovery, the construction sector is poised for a return to growth in 2021.

 

 







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JOB GROWTH SLOWS IN NOVEMBER

Richard Branch, Chief Economist, Dodge Data & Analytics

NEW JERSEY – DECEMBER 4, 2020 – According to the Bureau of Labor Statistics, the
U.S. economy added 245,000 jobs in November – a considerable step back from the
revised 610,000 jobs added in October. Still, the unemployment rate dipped to
6.7%. Private sector employment improved by 344,000, while the public sector
shed 99,000 positions. Within the public sector, state and local governments cut
13,000 positions, while federal employment was down 86,000 reflecting the loss
of temporary workers that had been hired for the 2020 Census.

 



Within the private sector, transportation and warehousing added 145,000 jobs,
while retail jobs fell 34,700 reflecting less seasonal hiring in brick and
mortar retail and increased online shopping. Manufacturing jobs improved by
27,000, while professional and business services employment improved by 60,000.

Employment growth in the construction sector also lost steam in November, adding
27,000 positions, down from the 72,000 added in the previous month. Gains were
seen in residential and nonresidential building, heavy and civil engineering as
well as in residential specialty trade contractors. Nonresidential specialty
trade contractors cut 1,200 positions. The construction sector has now added
back nearly 80% of the jobs lost during March and April, while total nonfarm
employment has added back just under 60% of the jobs lost.

Economic growth has slowed noticeably over the past several months and the labor
market is beginning to stagnate as a result. There should nevertheless be some
solace that employment growth was as strong as it was in November, given the
considerable headwinds facing the economy. The next wave of the virus is
accelerating and the prospects for additional federal stimulus are still very
uncertain, so employment growth is expected to slow further in the months to
come. Construction employment should remain somewhat resilient, however, due to
the booming housing market. Looking into 2021, the hope for rapid deployment of
a vaccine sets the table for a stronger economic recovery taking hold by the
midpoint of the year.

 

 







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JOB GROWTH SLOWS IN NOVEMBER

Richard Branch, Chief Economist, Dodge Data & Analytics

NEW JERSEY – DECEMBER 4, 2020 – According to the Bureau of Labor Statistics, the
U.S. economy added 245,000 jobs in November – a considerable step back from the
revised 610,000 jobs added in October. Still, the unemployment rate dipped to
6.7%. Private sector employment improved by 344,000, while the public sector
shed 99,000 positions. Within the public sector, state and local governments cut
13,000 positions, while federal employment was down 86,000 reflecting the loss
of temporary workers that had been hired for the 2020 Census.

 



 

Within the private sector, transportation and warehousing added 145,000 jobs,
while retail jobs fell 34,700 reflecting less seasonal hiring in brick and
mortar retail and increased online shopping. Manufacturing jobs improved by
27,000, while professional and business services employment improved by 60,000.

Employment growth in the construction sector also lost steam in November, adding
27,000 positions, down from the 72,000 added in the previous month. Gains were
seen in residential and nonresidential building, heavy and civil engineering as
well as in residential specialty trade contractors. Nonresidential specialty
trade contractors cut 1,200 positions. The construction sector has now added
back nearly 80% of the jobs lost during March and April, while total nonfarm
employment has added back just under 60% of the jobs lost.

Economic growth has slowed noticeably over the past several months and the labor
market is beginning to stagnate as a result. There should nevertheless be some
solace that employment growth was as strong as it was in November, given the
considerable headwinds facing the economy. The next wave of the virus is
accelerating and the prospects for additional federal stimulus are still very
uncertain, so employment growth is expected to slow further in the months to
come. Construction employment should remain somewhat resilient, however, due to
the booming housing market. Looking into 2021, the hope for rapid deployment of
a vaccine sets the table for a stronger economic recovery taking hold by the
midpoint of the year.

 

 







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