Nonresidential Construction Spending Stabilizes in August

WASHINGTON, D.C. – Nonresidential construction spending expanded .5 percent in August, totaling $691.8 billion on a seasonally adjusted, annualized basis, according to an analysis of data from the U.S. Census Bureau by Associated Builders and Contractors. Though this represents an improvement from July’s total ($688.2 billion), nonresidential spending remains 3.4 percent below its year-ago level and is down 3.8 percent from the cyclical peak attained in May 2017. Spending levels expanded in 10 of the 16 nonresidential construction subsectors in August on a monthly basis. The manufacturing subsector experienced the largest absolute monthly decline (-$2.6 billion) and the greatest year-over-year … Read more






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Construction Industry Adds 8K Jobs in September, 184K Throughout Year

Construction employment increased by 8,000 jobs in September to the highest level since October 2008, amid a tight labor market that may be keeping contractors from hiring as many workers as they need, according to an analysis of new government data by the Associated General Contractors of America. Association officials said construction employment gains would have been higher if more high school students were exposed to construction as a possible career option. “Construction firms added employees over the past year at a much higher rate than the public and private sectors as a whole, and contractors have been boosting pay … Read more






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Construction Spending Increases in Most Categories from July to August, Mixed Year-Over-Year Changes

Most major construction spending categories increased from July to August but activity was mixed compared to spending levels a year earlier, according to an analysis of new government data by the Associated General Contractors of America. Association officials noted that big drops in public investments mean infrastructure will continue to deteriorate and impede economic growth. “It is encouraging that spending rebounded in August for many types of residential, private nonresidential and public projects,” said Ken Simonson, the association’s chief economist. “However, the August numbers also show that public and private nonresidential construction is continuing to slow or fall below last … Read more






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Construction Employment Increases in August 2016, 2017 Year-Over-Year

Construction employment increased in 274 out of 358 metro areas between August 2016 and August 2017, declined in 52 and stagnated in 32, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials noted that the construction job gains come even as 70 percent of responding firms reported having a hard time finding qualified craft workers to hire. “While many firms’ efforts to increase pay, add benefits and expand the diversity of their workforce appear to be helping, it is still a challenge for many contractors to keep pace with demand,” … Read more






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