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
Construction Outlook Diverges in 2021
Construction Sector Lost 3,000 Jobs In January
According to data released last week by the US Bureau of Labor Statistics, the national construction industry lost 3,000 jobs on net in January.
Key Takeaways
Nonresidential Construction Spending Declines in December
Key Takeaways
- National nonresidential construction spending fell 0.8% in December 2020.
- On a seasonally adjusted annualized basis, spending totaled $790.2 billion for the month.
- “Given weakened state and local government finances, public construction’s trajectory is not especially promising either.
Construction Sector Adds 51,000 Jobs In December
According to data released today by the US Bureau of Labor Statistics, the national construction industry added 51,000 jobs on net in December.
Key Takeaways
Nonresidential Construction Spending Declines in November
Key Takeaways
- National nonresidential construction spending fell 0.6% in November 2020.
- On a seasonally adjusted annualized basis, spending totaled $792.5 billion for the month.
- AGC urges the incoming Congress to act quickly to boost investments in infrastructure and pass liability reforms to protect firms that employ ne
Latest COVID Relief Bill Gives $10B to State DOTs
Article on ForConstructionPros.com
State departments of transportation are getting $10 billion in long-awaited emergency aid from a $900 billion COVID-19 relief measure passed by Congress late on December 21 as part of a final year-end legislative package.