Articles Tagged with ''economic analysis''

The American Institute of Architects published its latest consensus forecast for 2024 and 2025. Learn more about what the AIA and other forecasting resources are projecting for the construction market in the coming years.

The construction industry added 34,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released Sept. 6 by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment grew by 228,000 jobs, an increase of 2.8 percent.

Construction employment increased in 224 of 358 metro areas between December 2022 and December 2023, according to an analysis by the Associated General Contractors of America of new government employment data.

Simpson Strong-Tie announced the promotion of Scott Lang to the newly created Vice President of Market Development for Residential Digital Solutions position. In his new role, Scott will help expand the company’s residential digital solutions, including developing innovative strategies that cater to customer needs and broaden market reach.

The not seasonally adjusted national construction unemployment rate of 4.4 percent was unchanged in December 2023 from the previous year, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released on Feb. 5 by Associated Builders and Contractors.

Construction input prices increased 0.4 percent in July compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released on Aug. 13.

The construction industry added 11,000 jobs in January despite bouts of exceptionally cold or stormy weather that delayed projects in numerous regions, according to an analysis of new government data the Associated General Contractors of America released on Feb. 2.

Total construction spending increased by 0.9 percent in December and 13.9 percent year-over-year, as gains in residential and public segments offset mixed results among private nonresidential markets, according to an analysis of federal spending data the Associated General Contractors of America released Feb. 1.

National nonresidential construction spending increased by 0.4 percent in December, according to an Associated Builders and Contractors analysis of data published Feb. 1 by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.174 trillion.

The construction industry had 295,000 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.