Month: October 2020

Construction employment increased nationally by 26,000 jobs in September to a total of 7,245,000, but the gains were concentrated in housing, while employment in the infrastructure and nonresidential building construction sector remained little changed, according to an analysis by the Associated General Contractors of America of government data released Oct. 2.
Association officials said the pandemic was prompting strong demand for new housing as more Americans work from home, while undermining private-sector development of office, retail and other types of projects and forcing many local and state governments to cut construction budgets.
“Construction is becoming steadily more split between a robust residential component and generally stagnant private nonresidential and public construction activity,” said Ken Simonson, the association’s chief economist, noting that in the three months since June, residential construction employment has increased nearly 3 percent while nonresidential employment has slipped 0.2 percent. “As project cancellations mount, so too will job losses on the nonresidential side unless the federal government provides funding for infrastructure and relief for contractors.”

The state has launched a $50 million initiative to transform existing commercial high-rise buildings and multifamily buildings to substantially reduce the carbon footprint of these structures.
The challenge will advance low-carbon retrofit approaches resulting in heating and cooling solutions that will increase the comfort, sustainability, and energy performance of the state’s existing high-rise buildings, a significant contributor to greenhouse gas emissions, state officials said.
Buildings currently account for 45 percent of greenhouse gas emissions from fuel combustion and electric generation, officials said.
“New York is committed to reducing greenhouse gas emissions and developing renewable energy resources that will grow our economy and advance our nation-leading plan to fight climate change,” Gov. Andrew Cuomo said. “The Empire Building Challenge leverages public-private partnerships with leading industry experts and helps New York to continue its rich legacy of environmental stewardship in order to protect our natural resources for future generations.”
Through a comprehensive retrofitting process, infrastructure in existing buildings will be replaced with more energy efficient heating and cooling technologies and solutions, spurring new jobs and significant economic activity. According to a 2019 analysis by Urban Green Council, if all buildings choose efficiency to meet their carbon goals, the retrofit market opportunity in New York City could be over $20 billion by 2030 while creating over 100,000 jobs by 2030.