New Federal Bills with Significant Construction Impacts
Two new bills signed into law in August will positively impact construction industry projects.
The Inflation Reduction Act of 2022 includes:
Nonresidential Construction Adds 4,300 Jobs in August

According to data released Friday by the US Bureau of Labor Statistics, the national construction industry added 16,000 jobs on net in August.
Key Takeaways
Nonresidential Construction Spending Increases .8% in July

Key Takeaways
- National nonresidential construction spending increased 0.8% in July.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $847.6 billion for the month.
- "There were gains for the month for nearly every private nonresidential category, along with a jump in highway and transporta
Dodge Momentum Index Moves Higher In July
Press release from Dodge Data and Analytics
Rise in commercial planning offsets dip in institutional activity
HAMILTON, N.J. – August 5, 2022 — The Dodge Momentum Index (DMI) increased 2.9% in July to 178.7 from the revised June figure of 173.6.
Nonresidential Construction Adds 18,300 Jobs in July

According to data released today by the US Bureau of Labor Statistics, the national construction industry added 32,000 jobs on net in July.
Key Takeaways
Nonresidential Construction Spending Falls Slightly in June

Key Takeaways
- National nonresidential construction spending down 0.5% in June 2022.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $829.4 billion for the month.
- "For now, many contractors remain busy and continue to operate at or near capacity.
Nonresidential Construction Adds 16,500 Jobs in June

According to data released today by the US Bureau of Labor Statistics, the national construction industry added 13,000 jobs on net in June.
Key Takeaways
Nonresidential Construction Spending Slightly Dips in May

Key Takeaways
- National nonresidential construction spending down 0.6% in May 2022.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $832.5 billion for the month.
- "Many contractors continue to report that they are operating at capacity despite a lack of strong nonresidential construction spending
Total Construction Starts Inch Higher in April

A new report from Dodge Data & Analytics shows some positive trends in terms of the near-term construction industry forecast.