Construction Payment Index May 24th 2020

Even as states continue to relax stay-at-home orders, COVID-19 continues to impact construction around the country. Levelset’s Construction Payment Index identifies industry trends both nationally and state-by-state. During the week of May 24, 2020, the index showed significant improvement in some states, while remaining stagnant or dropping in others.

Week of May 24, 2020: National Index at 94%

The national Construction Payment Index has continued on an upward trajectory since we began tracking data on April 12, where it stood at 72% compared to the average 6-month level before coronavirus.

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Since May 18th, the national index climbed 4% to reach 94%. However, not every state saw improvement over the period. While the construction industry in some US states continues to improve, others saw continued decline related to impacts of COVID-19.

Most Impacted States

During the week, these states saw the biggest negative impact on construction projects and payments.

StateIndex Score
Missouri65.24%
Washington68.47%
Mississippi73.44%
New York75.81%
Colorado78.16%

Least Impacted States

With social distancing and widespread stay-at-home orders declining, we’re seeing more states’ construction index back to their pre-COVID-19 number.

StateIndex Score
Arkansas100%
Florida100%
Georgia100%
Illinois100%
Indiana100%
Iowa100%
Kentucky100%
Minnesota100%
New Mexico100%
Oklahoma100%
Oregon100%
Pennsylvania100%
South Carolina100%
Tennessee100%
Texas100%
Utah100%

States with biggest improvement

After declining in the previous week, Wisconsin experienced the greatest index gains in the last week climbing more than 21% to 98%. This was driven by reductions in construction stoppages and disputes, and an increase in new projects. The Construction Payment Index in Michigan was among the most improved for the second week in a row.

StateIndex Change
Wisconsin+21%
Massachusetts+20%
Michigan+18%
Louisiana+16%
New Jersey+14%

States with biggest decline

Nebraska saw its overall index drop by 11% to 89%. Construction stoppages were the primary driver of this decline.

StateIndex Change
Nebraska-11%
California-10%
Missouri-8%
Arizona-3%
Montana-3%
Alabama-1%

State Spotlight: Missouri

For the week of May 24th, the state spotlight is on Missouri. The state’s Construction Payment Index dropped 8%, declining to 65% of pre-coronavirus levels. The index decline is driven by an increase in construction stoppages and payment disputes.

Get in touch

Have a question, comment, or suggestion about the data?
Feel free to email our data team at datastory@levelset.com

Is your construction business struggling to get paid?
Call us at (866) 720-5436 or email us at sales@levelset.com

Do you need legal advice?
Post a question in our Payment Help Center to get an answer from our network of construction attorneys and payment experts.