Key Takeaways

• National nonresidential construction spending expanded only 0.1% in July 2021.
• On a seasonally adjusted annualized basis, nonresidential spending totaled $786.7 billion for the month.
• “While the headline number suggests that nonresidential spending was effectively flat in July, the figure does not a

Article written by Ken Simonson, Chief Economist, AGC of America on the ConstructorMagazine.com.

According to data released last week by the US Bureau of Labor Statistics, the national construction industry added 11,000 jobs on net in July.

Key Takeaways

Key Takeaways

• National nonresidential construction spending declined 0.9% in June 2021.
• On a seasonally adjusted annualized basis, nonresidential spending totaled $779.9 billion for the month.
• “Despite the lingering pandemic and elevated materials prices, demand for construction services remains high.

Article written by Frédéric Guitton, Chief Strategy Officer, RedTeam Software on ConstructionExec.com.

According to data released last week by the US Bureau of Labor Statistics, the national construction industry lost 7,000 jobs on net in June.

Key Takeaways

Key Takeaways

• National nonresidential construction spending declined 0.7% in May 2021.
• On a seasonally adjusted annualized basis, nonresidential spending totaled $784.5 billion for the month.
• “There is a significant gap between elevated levels of contractor confidence and still poor nonresidential constructi

Article written by Mike Sobolewski on ConstructionExec.com.

Key Takeaways

• National nonresidential construction spending declined 0.5% in April 2021.
• On a seasonally adjusted annualized basis, nonresidential spending totaled $786.2 billion for the month.
• “The fact that nonresidential construction spending continues to decline is no surprise whatsoever.

According to data released last week by the US Bureau of Labor Statistics, the national construction industry lost 20,000 jobs on net in May.

Key Takeaways