Nonresidential Construction Spending Increased 0.7% in March
Key Takeaways
- National nonresidential construction spending increased by 0.7% in March.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $997.1 billion for the month.
- "Given the surprising resilience of construction activity in the face of ongoing interest rate increases and pervasive fe
ABI March 2023: Business conditions improve slightly
Architecture firm clients place at least moderate priority on outcomes related to issues of health, resilience, and equity
Business conditions at architecture firms saw a slight improvement in March, following declining billings during the last five months. The AIA/Deltek Architecture Billings Index (ABI) score of 50.4 for the month indicates that a slight majority of firms reported an increase in their firm billings this month.
Pay Attention to Details in the Infrastructure Investment Act
Nonresidential Construction Employment Decreased in March
According to data released Friday by the US Bureau of Labor Statistics, the national construction industry lost 9,000 jobs on net in March.
Key Takeaways
Nonresidential Construction Spending Increased 0.4% in February
Key Takeaways
- National nonresidential construction spending increased by 0.4% in February.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $982.2 billion for the month.
- "Importantly, almost all of the nonresidential sector’s momentum is attributable to manufacturing-related constru
ABI February 2023: Business conditions remain soft at architecture firms
Architectural salaries saw strong gains in 2022, with more modest growth anticipated for 2023
Architecture firm billings remained soft for the fifth consecutive month in February. The Architecture Billings Index (ABI) score of 48.0 indicates softer business conditions than in January. However, while overall billings have declined every month since October 2022, the pace of the decline remains relatively modest, and has not accelerated dramatically.
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Construction Trends Forecast for 2023: How Labor, Interest Rates, and Material Prices Are Shifting
February Construction Employment Increases by 24,000
According to data released today by the US Bureau of Labor Statistics, the national construction industry added 24,000 jobs on net in February.
Key Takeaways
Nonresidential Construction Spending Increased 0.3% in January
Key Takeaways
- National nonresidential construction spending increased by 0.3% in January.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $968.7 billion for the month.
- "On a year-over-year basis, spending in the nonresidential sector continues to outpace inflation.
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