Architecture Billings Index Remains Positive for Third Straight Month

WASHINGTON, D.C. — On the heels of consecutive months of strengthening business conditions, the Architecture Billings Index has reached positive territory three months in a row. 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 reported the January ABI score was 50.9, following a mark of 51.0 in December. This score reflects a slight increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 61.2, down just a notch … Read more

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Construction Materials Prices Rise Moderately in January

The cost of construction materials is showing signs of accelerating after moderating in January, according to an analysis of producer price index figures and recent market information released by the Associated General Contractors of America. Ongoing price increases underscore the urgency of funding public construction projects promptly, association officials said. “Cost increases have slowed in recent months but haven"t disappeared,” said Ken Simonson, the association's chief economist. “In fact, today's producer price index report may be the low point, as manufacturers and commodities markets are signaling that bigger increases may be just around the bend.” Simonson noted that the price … Read more

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Construction Employment Hits 2-Year High in January

The construction industry added 21,000 jobs in January, as a second consecutive month of unseasonably mild-winter weather helped the industry raise employment to a two-year high, according to an analysis of new federal employment data released by the Associated General Contractors of America. Association officials cautioned that the gains remain fragile amid declining public sector investments in construction and infrastructure. “Although it's great news that the industry has added 52,000 jobs in the past two months, the unemployment rate in construction is still double that of the overall economy, and construction employment remains at 1996 levels,” said Ken Simonson, the … Read more

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AGC Releases Latest Construction Employment Data

Construction employment increased in 148 out of 337 metropolitan areas between December 2010 and December 2011, decreased in 128 and stayed level in 61, according to a new analysis of federal employment data released by the Associated General Contractors of America. The construction employment increases were likely fueled by a 4.3 percent increase in total construction spending between December 2010 and December 2011, driven largely by growing private-sector demand, association officials noted. “Many communities are benefitting from growing demand from the private sector for new construction activity,” said Ken Simonson, the association's chief economist. “Unfortunately, too many other areas are … Read more

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Construction Employment Rises in 28 States in December

Construction employment rose in 28 states and the District of Columbia between December 2010 and December 2011, the largest number of states with year-over-year employment gains since November 2007, according to an analysis by the Associated General Contractors of America of Labor Department data. In contrast, 24 states plus D.C. lost jobs between November and December 2011, while 23 states added construction jobs for the month. “It is encouraging that a clear majority of states added jobs during 2011, but it is too early to conclude that the industry is on a steady upswing,” said Ken Simonson, the association's chief … Read more

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