National nonresidential construction spending increased 0.3% in February. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.255 trillion for the month and is up year-over-year.

A recent article on edzarenski.com compares forecasts from various sources on nonresidential building construction spending over the past several years. It highlights the significant variation in projections and emphasizes the importance of understanding the methodology behind each forecast, as differences in inflation adjustments, market segments, and data sources can lead to different outlooks. Ultimately, the article underscores the need for construction professionals to look beyond single forecasts and consider multiple perspectives when planning for the future.

Despite economic uncertainty, a major downturn may not be on the horizon for the construction industry. At ABC Convention 2025, leading economists and industry experts shared key insights on what’s driving construction demand, workforce trends, and strategies to navigate shifting market conditions. Their message? Smart planning and adaptability will be critical for success in the years ahead.

The national construction industry added 19,000 jobs on net in February, according to data released today by the US Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 174,000 jobs, or an increase of 2.1%.

National nonresidential construction spending increased 0.1% in January. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.248 trillion for the month and is up year-over-year.

The national construction industry added 4,000 jobs on net in January, according to data released today by the US Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 178,000 jobs, or an increase of 2.2%.

National nonresidential construction spending decreased 0.2% in December. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.241 trillion for the month and is up year-over-year.

Here is a roundup of the construction stories in the headlines in the Mid-Atantic and Southern states this month.

“This economy can still be characterized as quite strong thanks to its gross domestic product. We will enter 2025 with lots of momentum. For the year, the U.S. economy is expected to grow 2.8%.”

The national construction industry added 8,000 jobs on net in December, according to data released today by the US Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 196,000 jobs, or an increase of 2.4%.