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.
5G Coming Soon to a Neighborhood Near You
Nonresidential Construction Spending Unchanged in October
Key Takeaways
- National nonresidential construction spending was virtually unchanged in October.
- On a seasonally adjusted annualized basis, spending totaled $792.4 billion for the month.
- “The longer-term outlook is decidedly more upbeat.
Nonresidential Construction Employment Adds 27,000 Jobs in November
According to data released today by the US Bureau of Labor Statistics, the national construction industry added 27,000 jobs on net in November.
Key Takeaways
Nonresidential Construction Spending Declines in September
Key Takeaways
- National nonresidential construction spending decreased 1.6% in September.
- On a seasonally adjusted annualized basis, spending totaled $794.3 billion for the month.
- "The hope is that policymakers in Washington, D.C., will soon see fit to deliver on a long-awaited infrastructure financing and spending progra