Tag Archives: residential construction

February Construction Unchanged from January, McGraw Hill Reports

At a seasonally adjusted annual rate of $486.7 billion, new construction starts in February were nearly the same as in January, according to McGraw Hill Construction, a division of McGraw Hill Financial. According to the report, the flat pace for … Continue reading

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Construction Industry Adds 15,000 Jobs in February

Construction employment grew by 15,000 workers in February despite harsh winter working conditions, raising industry employment to the highest level since June 2009, according to an analysis of new government data by the Associated General Contractors of America (AGC). “The … Continue reading

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Construction Spending Posts Biggest Increase Since 2006

Total construction spending in January posted the steepest year-over-year increase since 2006, with growth in public construction as well as private residential and nonresidential spending, according to an analysis of new Census Bureau data by the Associated General Contractors of … Continue reading

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January Construction Slides 13 Percent

The value of new construction starts fell 13 percent in January to a seasonally adjusted annual rate of $485.0 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. The downturn followed a healthy performance in December, which … Continue reading

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Construction Spending Rises 0.1 Percent in December

Total construction spending increased 0.1 percent in December and rose by 4.8 percent for all of 2013, as a robust market for apartments and single-family houses outweighed downturns in private nonresidential and public projects, according to an analysis of new … Continue reading

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New Construction Starts Improve 5 Percent in December

New construction starts grew 5 percent in December to a seasonally adjusted annual rate of $554.5 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. Although both nonresidential building and housing settled back during the final month … Continue reading

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Nonresidential Construction Employment Declines in December

National construction employment decreased by 16,000 jobs in December, according to a January 10 report by the U.S. Department of Labor. Nonresidential construction saw the bulk of job losses, contributing 88.1 percent of total construction industry job loss and losing … Continue reading

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AGC Chief Economist Urges Caution as Construction Industry Slowly Improves

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Slowly, but surely, but hardly where it needs to be yet. That was the gist of Ken Simonson’s outlook on what’s ahead in 2014 and beyond for the commercial/multifamily building markets. Speaking during Thursday’s hour-long webinar sponsored by the Window … Continue reading

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Nonresidential Construction Employment Dips in August

While overall national construction employment remained unchanged in August, nonresidential construction lost 3,300 jobs, according to the September 6 employment report by the U.S. Department of Labor. Construction industry employment has grown three percent, adding 168,000 jobs, since the same … Continue reading

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Riding the Roller Coaster: Experts Offer Conservative but Optimistic Outlook

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Though experts predict the construction market may still have a ways to go before it reaches a full rebound, they were positive about the present outlook during a recent webinar provided by Reed Construction Data. Titled “Riding the Roller Coaster: … Continue reading

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