Construction Employment Down 36 Percent in El Centro, Calif., Up 12 Percent in Harrisburg, Pa., As Construction Spending Drops 13.2 Percent Compared to Last Year Construction employment declined in 324 out of 337 metropolitan areas over the past year as spending on construction projects dropped by over $137 billion in November to a 6-year low of $900 billion, according to a new analysis by the Associated General Contractors of America of federal figures released today. “Private nonresidential construction is in freefall, with every category except private power construction down sharply compared to a year ago,” said Ken Simonson, the association’s … Read more
26 States Add Construction Jobs During Unusually Mild November, but only North Dakota Sees Annual Increase
Too Early to Know if Trend is Emerging As Kansas and Nebraska See Largest Increase; Vermont and Washington See Largest Decrease in Monthly Construction Employment Construction employment increased in 26 states this November during a period of warm, dry weather according to an analysis of new employment data released today by the Bureau of Labor Statistics. The analysis conducted by the Associated General Contractors of America, however, found construction employment decreased everywhere except North Dakota over the past 12 months. “It is too early to say if the pickup reflects improving economic conditions or a short-lived break in the weather,” … Read more
After Some Encouraging Signs, Architecture Billings Index Drops
High level of inquires for new projects, but competitive marketplace is adversely impacting billingsWashington, D.C. — Following its highest mark since August 2008, the Architecture Billings Index (ABI) dropped more than three points in November. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the November ABI rating was 42.8, down from 46.1 in October. This score indicates a continued decline in demand for design services (any score above 50 indicates an increase in billings). The new … Read more
ABC Forecasts 2010 Construction Activity Will See Winners and Losers
WASHINGTON, D.C. — Nov. 9 — Associated Builders and Contractors (ABC) today released its 2010 economic forecast for the commercial and industrial construction industry. “While the industry battled the effects of the recession in 2009, expect 2010 to be a transitional but sluggish year on the road to recovery,” said ABC Chief Economist Anirban Basu. “Through late 2008, the industry held up well, but 2009 was a year of retrenchment for many construction sectors, including those associated with private development and municipal projects,” said Basu. “Overall, the nonresidential construction industry has been impacted by a combination of financing constraints, massive … Read more
Construction Employment Declines in 49 States & D.C. in September Compared to Last Year as Industry Awaits Stimulus, Recovery
Nevada and Arizona Experience Largest Declines and 41 States Experience Double-Digit Job Losses; Only Louisiana Adds Construction Jobs During the Past Year Construction employment again declined in large numbers in all but one state this September compared to last year according to an analysis of new state-by-state employment figures released today by the federal government. The analysis, conducted by the Associated General Contractors of America, also found that the number of states gaining construction jobs from August to September 2009 declined after increasing during the two previous months. “While there’s little doubt construction employment would have been worse without the … Read more