Tag: economy

December 14, 2016

Slower growth in the general economy, brought on by seemingly mounting national and international vulnerabilities, is putting downward pressure on the construction industry, whose sectors expanded last year by 20% or more but are moderating to single-digit growth levels. That’s […]

December 12, 2016

Year over year, total jobs in architectural and engineering services were up 2.1%, an increase similar to that of last month, and ConstructConnect added that employment in building material and garden equipment stores was up 4.1%. The general construction industry […]

November 29, 2016

ABC Chief Economist Anirban Basu said the stability of material prices in July coincides with the group’s recent predictions after “a period of market volatility.” He said the global economy’s disappointing growth hasn’t resulted in significantly higher input prices, and […]

November 18, 2016

According to BLS data, nonresidential specialty trade contractors saw the most month-over-month growth, adding 8,900 jobs (3.3%) since June, while residential specialty trade contractors had the biggest year-over-year surge at 5.1% (90,700 jobs). In fact, the remaining BLS categories of […]

October 5, 2016

After analyzing Bureau of Labor Statistics data, apartment-locator website ABODO has identified which U.S. cities are home to the fastest-growing careers, and Houston tops the list for construction employment opportunities. Houston is just one of five Texas metros on ABODO’s Top […]

September 6, 2016

Nonresidential construction spending inched 0.3 percent lower in July largely due to a significant upward revision to June’s spending figure, according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential spending totaled $701.4 […]

September 2, 2016

Construction spending in July was virtually even with the June level but rose 1.5% from the year-earlier total, as private-sector work increased and public-sector volume declined, the Commerce Dept. has reported. Commerce’s U.S. Census Bureau said on Sept. 1 that […]

July 29, 2016

New construction starts in June decreased 7% from the previous month to a seasonally adjusted annual rate of $595.1 billion, according to Dodge Data & Analytics. The nonbuilding construction sector (public works and electric utilities) fell sharply after being lifted […]

July 20, 2016

The tables below showcase ConstructConnect’s U.S. regional nonresidential building and heavy engineering/civil construction starts. The latest (first half of 2016) year-to-date results are compared with the same period of last year. The percentage changes are shown in the right-hand columns. […]

July 19, 2016

Year over year, total jobs in architectural and engineering services were up 2%, and, while construction employment was stagnant from May to June, ConstructConnect noted that year to date, the industry has seen a net job gain of 46,000. Year […]

July 13, 2016

The Momentum Index is a monthly measure of initial reports of nonresidential building projects in the planning stages, which usually lead nonresidential construction spending by one year. In June, 14 projects of more than $100 million in value, up more than […]

July 12, 2016

Both nonresidential (3,700) and residential (4,700) specialty trade contractors saw an increase in new jobs, according to the Associated Builders and Contractors, but nonresidential builders (-1,300), residential builders (-2,400) and heavy/civil engineering contractors (-3,900) all lost positions. The inability of […]