Nonresidential Construction Spending Dips 0.2% in July
National nonresidential construction spending decreased 0.2% in July, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.21 trillion. Spending was down on a monthly basis in 11 of the 16 nonresidential subcategories. Private nonresidential spending decreased 0.4%,…
CIRT Sentiment Index: Third Quarter 2024 Released
The Construction Industry Round Table (CIRT) and FMI recently released their CIRT Sentiment Index, 3rd Quarter 2024. The third quarter 2024 CIRT Sentiment Index declined, indicating respondents are less optimistic about future opportunities. The overall index score fell to 62.6 from 67.0 in the prior quarter. The third quarter Design Index also retreated, dropping to…
Construction Materials Prices Increase in July for First Time Since April, Says ABC
Construction input prices increased 0.4% 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 today. Nonresidential construction input prices also increased 0.4% for the month. Overall construction input prices are 1.1% higher than a year ago, while nonresidential…
Dodge Momentum Index Expands Another 8% in July
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 7.9% in July to 216.3 (2000=100) from the revised June reading of 200.5. Over the month, commercial planning increased by 6.8%, and institutional planning expanded by 11.1%. “While data centers have had an outsized influence on nonresidential planning activity in recent months, more momentum is building…
Construction Firms Add 25,000 Jobs In July With Gains In All Subsectors As Pay Rises Faster Than Other Industries, Unemployment Rate Holds Steady
Average Construction Pay Hits $35.77 an Hour as Firms Work to Hire Enough People to Keep Pace with Demand, Construction Officials Urge Public Officials to Boost Support for Workforce Education The construction sector added 25,000 jobs in July as wage gains continued to outpace increases in the broader economy, according to an analysis of new government data…
Nonresidential Construction Employment Increases in July, But Recession Looms
The construction industry added 25,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 239,000 jobs, an increase of 3.0%. Nonresidential construction employment increased by 16,200 positions on net, with growth…
General Contractors Send One Million Safety Text Messages a Month – Increasing Time on Tools
– Eyrus today announced a milestone: over one million safety text messages sent from their worksite intelligence and communication platform in a month. On construction sites across the US, safety teams use Eyrus to text workers with site updates, safety procedures, and emergency alerts. Worker communication is part of Eyrus’s Worksite Intelligence Platform – a comprehensive technology…
Construction Sector Adds 9,000 Jobs Between March And April As Slowing Residential Activity Limits Gains; Nonresidential Firms Remain Busy
Nonresidential Building, Specialty Trades, and Heavy & Civil Engineering Construction Contractors Increase Headcount, While Monthly Employment Declines at Residential Specialty Trade Contractors The construction industry added 9,000 jobs in April—the fewest since August 2022—as a downturn among residential remodelers and subcontractors undercut job gains at nonresidential construction firms, according to an analysis of new government data the…
Nonresidential Construction Adds Whopping 24,600 Jobs in March
The construction industry added 39,000 jobs on net in March, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 270,000 jobs, an increase of 3.4%. Nonresidential construction employment increased by 24,600 positions on net, with growth…
Construction Job Openings Increased by 16,000 in February, Says ABC
The construction industry had 441,000 job openings on the last day of February, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings…
