Construction Employment Increases Amid Growing Demand, Worker Shortages

Construction employment expanded in 236 metro areas, declined in 53 and was stagnant in 50 between September 2013 and September 2014, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said that as firms expand their payrolls, many are finding a limited supply of available qualified workers. “It is good news that construction employment gains have spread to more than two-thirds of the nation's metro areas,” said Ken Simonson, chief economist for the association. “But there is a growing risk that contractors in many of these regions will have trouble … Read more

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Architecture Billings Index Shows Robust Conditions Ahead for Construction Industry

WASHINGTON, D.C. — With all geographic regions and building project sectors showing positive conditions, there continues to be a heightened level of demand for design services signaled in the latest Architecture Billings Index. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to 12-month lead time between architecture billings and construction spending. The American Institute of Architects reported the September ABI score was 55.2, up from a mark of 53.0 in August. This score reflects an increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index was … Read more

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Construction Employers Add Jobs in September, Unemployment Rate Declines

Construction employers added 16,000 jobs and the sector’s unemployment rate fell to 7 percent, the lowest rate for September in years, according to an analysis released by the Associated General Contractors of America. Association officials said the construction employment gains come as more firms report having a hard time finding enough qualified workers to fill available positions, citing the lack of local vocational training programs, especially at the secondary level. “While we are eager to see even more construction employment gains, there is no denying the fact that the industry has been in recovery mode for much of the past … Read more

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Construction Employment, Spending Gains Remain Uneven from August 2013, 2014

Construction employment expanded in 220 metro areas, declined in 73 and was stagnant in 46 between August 2013 and August 2014, according to a new analysis of federal employment data recently released by the Associated General Contractors of America. Association officials added that construction spending climbed to $961 billion from $915.3 billion between August 2013 and August 2014, a 5 percent increase, according to federal data also released. “Even as construction employment continues to rebound in many parts of the country, other areas continue to lose ground, or like Phoenix, backslide,” said Ken Simonson, the association’s chief economist. “Similarly, while … Read more

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Architecture Billings Index Exhibits Continued Strength

WASHINGTON, D.C. — On the heels of recording its strongest pace of growth since 2007, there continues to be an increasing level of demand for design services signaled in the latest Architecture Billings Index. As a leading economic indicator of construction activity, the ABI reflects the approximate nine- to 12-month lead time between architecture billings and construction spending. The American Institute of Architects reported the August ABI score was 53.0, down from a mark of 55.8 in July. This score reflects an increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index … Read more

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