Michael Latas & Associates
Construction Report - August 2020

Executive Summary

• Construction backlogs and construction employment both increased in August vs. July by +2.6%% and +0.2% respectively
• Total construction backlogs increased by +2.6% from last month with heavy infrastructure construction growing fastest at +4.3%
  • Heavy Industrial construction lagged other areas and were down 3.7% from last month; leaving them down 9.2% from last year
• Current backlogs are 5.9% lower than last year while infrastructure backlogs are 4.3% higher than last year
• The United States gained 1.4M jobs in August (seasonally adjusted)
  • The construction industry grew by +0.2% vs. +1.0% for all industries
  • General contractors in commercial construction had the most gains in August vs. July, +1.3%, while general contractors in residential projects added +0.4%
• August was the 4th straight month of increased employment form the lows of April
• Recruiting starts have increased dramatically in the last 30 days
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