Nonresidential Construction Spending Up 1.3% in January
Key Takeaways
- National nonresidential construction spending up 1.3% in January 2022.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $838.9 billion for the month.
- "Total construction spending is up more than 8% from last year, but materials prices are up approximately 24% over that span
Nonresidential Construction Employment Declines by 9,000 in January
According to data released on Friday by the US Bureau of Labor Statistics, the national construction industry lost 5,000 jobs on net in January.
Key Takeaways
Nonresidential Construction Spending Declines in December
Key Takeaways
- National nonresidential construction spending fell 0.7% in December 2021.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $820.7 billion for the month.
- "Public construction was responsible for much of the weakness in December.
Construction Firms Foresee Growing Demand For Most Types Of Projects, As 74 Percent Of Firms Plan To Hire In 2022 Despite Supply Chain And Labor Challenges
New Industry Outlook Shows Contractors Expect a Boost from the Bipartisan Infrastructure Bill and Broad-Based Private-Sector Demand, Except for Retail and Office Construction, If They Can Find Workers and Materials
Nonresidential Construction Employment Up 27,000 in December
According to data released on Friday by the US Bureau of Labor Statistics, the national construction industry added 22,000 jobs on net in December.
Key Takeaways
Nonresidential Construction Spending Flat in November
Key Takeaways
- National nonresidential construction spending in November was virtually unchanged from October.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $820.6 billion for the month.
- "After declining during much of the pandemic, spending in the office segment has stabilized an
Infrastructure Act Focus Shifts to Rolling Out the Funds
First of the new package’s dollars out the door are expected to be highway, EPA water funds distributed by formulas
Article written by Tom Ichniowski, Aileen Cho, Pam McFarland, James Leggate, and Debra K.
Construction Industry Added 31,000 Jobs in November
According to data released last week by the US Bureau of Labor Statistics, the national construction industry added 31,000 on net in November.
Key Takeaways
Nonresidential Construction Increases Almost 1% in October
Key Takeaways
- National nonresidential construction spending increased 0.9% in October 2021.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $814.2 billion for the month.
- “The bottom line is that 2022 should be an excellent year for nonresidential construction.
Congress Passes a $1.2 Trillion Infrastructure Bill
Congress passed a $1.2 trillion bipartisan infrastructure bill on Friday, November 5. The bill now heads to President Biden's desk to be signed into law.
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