Posts Tagged ‘construction’

Private, Non-Residential Housing Construction Continues to Go Opposite Direction of Public Construction

May 6th, 2014

Construction spending in the housing and private non-residential sectors continues to edge higher, but a dip in public spending has held the collective industry back a bit. According to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC), strong gains were made in apartment construction in March, and non-residential […]

Plenty of Optimism in Associated General Contractors of America Construction Industry Outlook Survey

Apr 29th, 2014

With varying degrees of optimism, leading economic experts in the construction industry have come to a general consensus that this year will be better than last. According to one survey, many working within the industry feel the same. At the start of each of the past five years, the Associated General Contractors of America (AGC) […]

Architectural Billings Index Drops Nearly Two Points in March

Apr 29th, 2014

Demand for design services in the construction industry had been on a modest rise the first two months of the year, but it took a notable dip in March. The Architectural Billings Index (ABI), a leading economic indicator of construction activity, yielded a March score of 48.8, nearly two full points below its 50.7 mark […]

Nearly 200 Metro Areas See Construction Employment Increases

Apr 29th, 2014

Construction employment expanded in 197 metro areas, declined in 87 and was stagnant in 55 between March 2013 and March 2014, according to a new analysis of federal employment data released by the Associated General Contractors (AGC) of America. Association officials noted, however, that construction employment stands to suffer if Congress allows federal highway funding […]

Despite Weather, Construction Industry Making Best of Start to 2014

Apr 22nd, 2014

Construction economists don’t always see eye-to-eye, and that’s okay, according to Bernard Markstein, chief economist for Reed Construction Data. “We seem to agree on most things, but not everything …we’re economists. That’s what we do,” he says. But during a recent economic forecast, there was at least one thing on which Markstein and several others […]

Majority of U.S. States See Construction Employment Increase over Past Year

Apr 22nd, 2014

The harsh winter that plagued most of the first three months of 2014 may have threatened the construction industry, but the latest numbers from year-over-year analysis by the Associated General Contractors of America suggest it wasn’t enough to stall a positive trend in construction employment. According to the analysis, construction firms added jobs in 38 […]

Nonresidential Building Starts Regain Upward Movement in March

Apr 22nd, 2014

After a sluggish start to the year, nonresidential building picked up its pace in March, jumping 24 percent after declines in January (down 9 percent) and February (down 7 percent), according to McGraw Construction, a division of McGraw Hill Financial. “The slow start for construction activity in early 2014 can be attributed to tough winter […]

Construction Employment Increased in 175 Metro Areas

Apr 16th, 2014

Construction employment expanded in 175 metro areas, declined in 106 and was stagnant in 58 between February 2013 and February 2014, according to a new analysis of federal employment data released by the Associated General Contractors of America (AGC). Association officials noted, however, that despite the gains construction employment remained below peak levels in all […]

Nonresidential Construction Spending Rises

Apr 8th, 2014

The U.S. Census Bureau announced yesterday that nonresidential construction spending increased 0.6 percent in February and has risen 6.1 percent since February 2013. The gains follow nonresidential construction spending declines in both January and December, according to an analysis of the Census Bureau data by Associated Builders and Contractors (ABC). Spending for the month totaled […]

Dodge Momentum Index Drops Again in March

Apr 8th, 2014

The Dodge Momentum Index retreated 0.8 percent in March compared to February, according to McGraw Hill Construction, a division of McGraw Hill Financial. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a […]