According to a new report from AIA, the nonresidential building sector is expected to see a healthy rebound through next year after failing to recover with the broader economy last year.
Construction Officials Call for Swift Passage of the Bipartisan Infrastructure Bill, Noting the Measure Will Help Offset Continued Declines in Nonresidential Construction Activity and Create Sector Jobs
Demand for different types of construction continued to diverge in June as residential construction increased for the month and the year while nonresidential construction spending fell...again.
Construction Officials Say New Infrastructure Investments, Tariff Relief for Key Construction Materials are Needed to Help Contractors Cope with Continued Economic Impacts of the Pandemic
Nonresidential construction spending fell to a two-year low in March as contractors struggled with slumping demand for most project types and growing shortages of materials, transport, and workers, according to an analysis of new federal construction spending data by the Associated General Contractors of America.
Demand for Nonresidential Construction and Public Works Will Decline Amid Ongoing Pandemic Concerns, Worsening State and Local Budgets as Association Officials Call for New Recovery Measures
Construction spending in December exhibited sharply varied trends, with downturns from a year earlier in every private category, mixed results for public construction, and double-digit increases in residential construction, according to an analysis by AGC.
Construction Officials Caution that Demand for Non-Residential Construction Will Continue to Stagnate without New Federal Coronavirus Recovery Measures, Including Infrastructure and Liability Reform
Construction spending increased by 1.4 percent in August as strong gains in residential construction outweighed decreases in most private nonresidential segments and many public categories.
Construction spending declined for the fourth consecutive month in as decreases in single-family, highway and educational projects outweighed increases in several private nonresidential categories.
FMI just released their Third Quarter 2019 North American Engineering & Construction Outlook, which features comprehensive construction forecasts for the U.S. and Canada as well as information on key market drivers.
Construction spending declined in June from May 2019 and June 2018 levels, but most categories other than single-family homebuilding ended the first half of the year ahead of the year-to-date totals for 2018, according to an analysis by the Associated General Contractors of America of new federal spending data.
Construction spending increased by 1.0 percent from January to February, while construction employment increased compared to February 2018 levels in 275 out of 358 metro areas