Each week, we’re rounding up a list of valuable and inspiring industry content to keep you informed, empowered and motivated for future success.
Today, we’re bringing you updates to the Paycheck Protection Program and Economic Injury Disaster loan forgiveness, reader insights from Construction Dive on the impacts of COVID-19, details about the year-over-year decline in the number of backlogged projects and more.
Financial resources
- Last week, updates related to the Paycheck Protection Program and Economic Injury Disaster loan forgiveness were released by the Small Business Administration. Many small businesses may be surprised to learn that they won’t be getting the full loan forgiveness they had hoped for. For more details, see this CNBC article.
Business insights
- Construction Dive asked its readers how COVID-19 has impacted them as they’ve remained essential workers since the very beginning. Read about their findings here.
- Housing continues to lead the economy forward as builder confidence in the market for newly-built, single-family homes increased six points to 78 in August. Read more in this article from National Association of Home Builders.
- The construction industry has seen a year-over-year decline in the number of backlogged projects. Get the details in this Construction Dive article.
- As prices for lumber continue to increase, the National Association of Home Builders sent a letter to the White House urging them to take action. Read more here.
- Construction companies are seeing a decrease in productivity and profits due to coronavirus protocols being implemented on job sites. For more information, check out this article from Construction Dive.
Safety guidelines
- Maintaining clean work surfaces at job sites can be hard. In this article from Construction Dive, see how the company Rosendin is using industrial coolers to spray disinfectant and keep job sites sanitized.
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