ABC: Nonresidential Construction Spending Contracts in 6 of Past 7 Months

  • Posted on

National nonresidential construction spending decreased 0.1% in June, according to an Associated Builders and Contractors’ analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.241 trillion. Spending was down on a monthly basis in 9 of the 16 nonresidential subcategories. Private nonresidential spending fell 0.3% for the month, while public nonresidential construction spending inched 0.1% higher. “Nonresidential construction spending declined in June and has now contracted in 6 of the past 7 months,” said ABC Chief Economist Anirban Basu. “Recent declines would be worse if not for ongoing increases in public … Read more

Filed under: Economic NewsTagged with: , ,

Dodge Construction Network: Construction Starts Grew 16% in June

  • Posted on

Total construction starts were up 16% in June to a seasonally adjusted annual rate of $1.33 trillion, according to Dodge Construction Network. Nonresidential building starts improved by 39%, residential starts fell 1%, and nonbuilding starts grew 2% over the month. On a year-to-date basis through June, total construction starts were up 1% from last year. Nonresidential starts were up 6%, residential starts were down 5% and nonbuilding starts were 1% higher over the same period. For the 12 months ending June 2025, total construction starts were up 4% from the 12 months ending June 2024. Residential starts were down 1%, … Read more

Filed under: Economic NewsTagged with: ,

Construction Hiring Remains Subdued in June

  • Posted on

The construction industry had 246,000 job openings on the last day of June, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 14,000 last month but are down by 39,000 from the same time last year. “While industrywide job openings increased in June, the share of all construction positions that are unfilled remains low by recent standards,” said ABC Chief Economist Anirban Basu. “More importantly, … Read more

Filed under: Economic NewsTagged with: , , ,

Spending on Nonresidential Building Construction Continues to Slow

  • Posted on

Spending on nonresidential construction is projected to increase only 1.7% this year and grow very modestly to just 2% next year, according to The American Institute of Architects mid-year Consensus Construction Forecast. The outlook by the AIA Consensus Construction Forecast estimates the commercial sector outlook is about on par with the broader industry, with a projected 1.5% increase this year rising to 3.9% in 2026. Spending on the construction of manufacturing facilities – the industry bright spot in recent years – is expected to decline 2% this year with an additional declined of 2.6% next year. Institutional facilities are expected … Read more

Filed under: Economic NewsTagged with: , ,

ABC Reports Nonunion Construction Workforce Tops 80% in 41 States

  • Posted on

Associated Builders and Contractors released an analysis of 2024 state union membership data published by unionstats.com, which found that in 41 states at least 80% of workers in the private construction industry did not belong to a union. At least 90% of workers in the private construction industry did not belong to a union in 29 states in 2024 and 2023, up from 26 states in 2022 and 24 states in 2021. Nationwide, the U.S. Bureau of Labor Statistics reports that nearly 8 million construction industry workers were not members of a union in 2024, a 12,000-person increase from 2023. … Read more

Filed under: Economic News, eNewsTagged with: , ,