Construction Employment Increases in February, According to AGC

Construction employment increased in 141 out of 337 metropolitan areas between February 2010 and February 2011, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said that the relatively positive figures were likely affected by significantly improved winter weather in February, combined with the benefits of ongoing stimulus and other temporary federal construction programs. “With nearly half of all U.S. metro areas finally adding construction jobs, these numbers are welcome news,” said Ken Simonson, the association's chief economist. “But warm winter weather probably played a larger role in driving these … Read more

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"Build America Bonds" Program Generates $44-$50B in New Construction, AIA Says

AIA Calls for Renewal of Program to Spur Job Creations in Design and Construction Industry  WASHINGTON, D.C. — The American Institute of Architects has called on Congress to renew in full the Build America Bonds program, in the wake of an AIA estimate that it generated between $44 to $50 billion in new construction activity and jobs in the last two years alone. By providing an attractive tax-credit bond to a wide range of investors, the program exceeded most expectations, and more than $180 billion in municipal debt was issued through the BABs program in 2009 and 2010. Under the … Read more

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Construction Employment Increases in 30 States between January and February

Construction employment increased in 30 states between January and February, while 19 states added construction jobs during the past 12 months, the Associated General Contractors of America reported in an analysis of state employment data released by the Labor Department. Association officials cautioned, however, that it was too early to tell whether the relatively positive report reflects improving economic conditions or the benefit of warmer weather much of the country experienced in February. “These are certainly some of the best state-by-state numbers the industry has seen in quite some time,” said Ken Simonson, the association's chief economist. “But it is … Read more

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Architecture Billings Index Shows Nominal Increase

Commercial/Industrial Sector Strongest Performing Building Category WASHINGTON, D.C. — During the first two months of 2011 the Architecture Billings Index is not exhibiting the strength of business conditions that were seen in the final quarter of 2010. As a leading economic indicator of construction activity, the ABI reflects the approximate nine- to 12-month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the February ABI score was 50.6, up slightly from a reading of 50.0 the previous month. This score reflects a modest increase in demand for design services (any score above 50 indicates … Read more

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Construction Industry Adds 33,000 Jobs between January and February

Construction Workers May Have Benefitted from Improving Winter Weather as Industry Experiences Largest Monthly Employment Gain Since March 2007, Construction Officials Note The construction industry added 33,000 jobs in February even as the industry's unemployment rate was 21.8 percent, more than twice the national average, according to an analysis of new federal employment data released today by the Associated General Contractors of America. As welcome as the new figures are, association officials cautioned that it was too early to tell whether the industry is improving or simply benefitting from the more favorable weather in February compared to the previous month. … Read more

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