Nonresidential Construction Spending Decreases 0.5% in April
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.
Construction Employment Slips in May
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
Details of ‘American Jobs Act’ Infrastructure Bill Released
Article written by Andy Holtmann on the Viewpoint blog.
The $2 trillion American Jobs Plan that is being placed before Congress is at the core of the latest 2021 infrastructure spending plans. Spending on this bill has been proposed over an eight year time period, funded by potential corporate tax increases and other measures spread across 15 years. Included in the $2 trillion package:
Apple to Invest Over $1B In North Carolina
Apple has announced a commitment of $430 billion in US investments over the next five years. Over $1 billion will fund a new corporate campus in North Carolina, as well as infrastructure investment in every county in the state.
Construction Employment Unchanged in April
According to data released last week by the US Bureau of Labor Statistics, the national construction industry gained 0 jobs on net in April.
Key Takeaways
Nonresidential Construction Spending Down 1.1% in March
Key Takeaways
- National nonresidential construction spending declined 1.1% in March 2021.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $778.5 billion for the month.
- "The most recent readings suggest that the construction spending recovery will be slow over the near-term.
Nonresidential Construction Spending Down 1.3% in February
Key Takeaways
- National nonresidential construction spending declined 1.3% in February 2021.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $789.5 billion for the month.
- "America is about to experience a massive resurgence in economic growth as vaccinations proceed.
Construction Adds 110,000 Jobs in March
According to data released last week by the US Bureau of Labor Statistics, the national construction industry gained 110,000 jobs on net in March.
Key Takeaways
Construction Employment Declines By 61,000 In February As Severe Weather Compounds Falling Demand For Nonresidential Projects
According to data released today by the US Bureau of Labor Statistics, the national construction industry lost 61,000 jobs on net in February.
Key Takeaways
Nonresidential Construction Spending Stabilizes in January 2021
Key Takeaways
- National nonresidential construction spending increased 0.9% in January 2021 but is down 5% year-over-year.
- On a seasonally adjusted annualized basis, spending totaled $799.1 billion for the month.
- “It is remarkable that overall nonresidential construction spending has stabilized recently despite th
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