NEW YORK, N.Y. — Construction activities are expected to grow at 5 percent in 2015, leveling off from the previous forecast of 8 percent in Q1 2015, according to the Q2 Construction Outlook recently released by FMI Corporation. Although the prediction is significantly lower than last quarter, the outlook reports the highest total for construction put in place since 2008. “Construction spending continues to build on the rapid growth experienced in the industry last year,” said Chris Daum, senior managing director and president of Investment Banking at FMI Corporation.   The report provides forecasts for 17 sectors across residential, non-residential … Read more

Construction firms added 17,000 jobs in May and 273,000 over 12 months, as the sector’s unemployment rate fell to 6.7 percent, the lowest May rate since 2006, according to an analysis by the Associated General Contractors of America. Association officials noted that the job gains come as the private and public sectors are increasing investments in construction services. “Construction employers continue to expand headcount as they adjust to growing demand for their services in many parts of the country,” said Ken Simonson, the association’s chief economist. “Right now the two most likely obstacles to the industry’s continued expansion are growing … Read more

Construction employment expanded in 232 metro areas, declined in 66 and was stagnant in 60 between April 2014 and April 2015, according to a new analysis of federal employment data recently released by the Associated General Contractors of America. Association officials said even as contractors in many parts of the country continue to expand their payroll, many firms remain concerned about the potential impacts of federal transportation funding shortfalls. “Demand, particularly from private sector clients, has rebounded enough that many firms have been steadily expanding their headcount during the past twelve months,” said Ken Simonson, the association’s chief economist. “But … Read more