Legislation & Regulations

Senate Passes Relief Package

Budget, Policy & Stimulus News Senate Passes Relief Package The U.S. Senate this weekend passed the $1.9T COVID-19 stimulus and relief bill backed by the Biden Administration. The vote was 50-49 along party lines. The

Legislation & Regulations

PPP Delays and Tweaks

Budget, Policy & Stimulus News PPP Delays Frustrating Ariz. Businesses As of Feb. 21, 1.9 million Paycheck Protection Program loans, totaling $140B across the country, have been approved by the Small Business Administration. Arizona businesses

Trends

Construction Input Prices Up in January

By Associated Builders and Contractors  Construction input prices increased 2.5 percent in January 2021 compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices rose 2.1 percent for

Legislation & Regulations

Arizona PPP Loans Jump

Budget, Policy & Stimulus News Arizona PPP Loans Jump From January 24th-31st, Paycheck Protection Program loans in Arizona surged from 4,640 approvals to 10,279, according to information from the Small Business Administration. Loan values grew

Local News

CBO Predicts Mid-year Rebound 

Economic News  CBO Predicts Mid-year Rebound  Recent estimates from the Congressional Budget Office, show the U.S. may return to pre-pandemic levels by the middle of this year. Gross Domestic Product is expected to increase an average of 1.7 percent a year

Trends

Nonres. Construction Spending Down 0.8 Percent

By Associated Builders and Contractors  National nonresidential construction spending declined 0.8 percent in December 2020, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $790.2B for

Trends

BEX Predicts Positive Growth for 2021

By Tasha Anderson for AZBEX  Despite the collective gut-punch that COVID-19 brought in 2020, Arizona’s state economy and construction industry has done really well, and BEX predicts 2021 will be another big year for construction.  Such was the overall takeaway from the BEX