Construction Industry News: August 25, 2020

The COVID-19 conundrum: Money is available for new construction projects, but few are breaking ground

That’s the takeaway of several observers who have noted a dearth of new construction projects coming to market. Lenders and financiers still want to back good projects, but fewer developers are willing to take the risk during the continued economic uncertainty of COVID-19.

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Sacramento to put $10 million toward workforce training for construction, digital skills

The city of Sacramento is putting $10 million toward a new workforce training effort aimed at lessening the economic turmoil caused by the coronavirus pandemic.

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Construction Starts Lose Ground in July

Total construction starts fell 7% in July to a seasonally adjusted annual rate of $631.6 billion. The decline was due to a significant pullback in the nonbuilding segment, which fell 31% from June to July. Nonresidential building starts rose 3% while residential building starts increased 2%.

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Women Speak Out for Inclusion, Leadership, Diversity, Allyship

Women have made great strides in pursuing careers and leadership roles in construction, but there’s more that can be done to boost their numbers in the industry and ensure they maintain an even footing with male colleagues, according to presenters and attendees at the Groundbreaking Women in Construction conference, which launched on Aug. 24.

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