Key Takeaways

• Nonresidential construction spending, which totaled $776 billion on a seasonally adjusted annual basis for July, declined 0.3% from June and the June estimates were revised upward to $778.5 billion.
• Private nonresidential spending fell 0.8% in July and 2.7% on a yearly basis. Public nonresidential spending increased 0.4% on a monthly basis and 4.3% for the year.
• “Trends in nonresidential construction tend to lag the broader economy by a year to 18 months, which means that today's construction spending numbers reflect in large measure broader economic dynamics characterizing 2018. Last year was a good one for the economy, persuading many to move ahead with projects.”

Press Release from Associated Builders and Contractors, Inc.

According to data released Friday by the US Bureau of Labor Statistics, the national construction industry added 14,000 net new jobs in August.

Key Takeaways

• The construction industry added 14,000 net new jobs in August and, on a year-over-year basis, has expanded by 177,000 jobs, an increase of 2.4%.
• The construction unemployment rate stood at 3.6% in August, up .2 percentage points from the same time last year. Unemployment across all industries stood at 3.7% in August, unchanged from the 2 previous months.
• After losing 2,800 jobs in July, nonresidential construction employment increased by 11,600 new jobs in August. Nonresidential specialty trade contractors added 5,400 jobs last month, and heavy and civil engineering added 4,400 net new jobs.
• "Nonresidential construction continues to add jobs, despite difficulty securing sufficiently trained workers. And with a construction backlog of nearly nine months as of June 2019, data indicates that contractors continue to enjoy substantial demand for their services despite the nearly continuous drumbeat of dismal economic forecasts for 2020 and/or 2021."

According to data released Friday by the US Bureau of Labor Statistics, the national construction industry added 4,000 net new jobs in July.

Key Takeaways

• The construction industry added 4,000 net new jobs in July and, on a year-over-year basis, has expanded by 202,000 jobs, an increase of 2.8%.
• The construction unemployment rate stood at 3.8% in July, up 0.4% from the same time last year. Unemployment across all industries stood at 3.7% in July, unchanged from the previous month.
• Nonresidential construction employment lost 2,800 jobs on net in July but has still expanded by 122,300 jobs over the past 12 months. The bulk of the job loss came from the heavy and civil engineering segment, which lost 4,300 jobs on a monthly basis in July.
• “Despite these recent signs of a slowdown or pause in construction hiring, contractors still say it is very difficult to find qualified workers, and the latest government data on construction job openings showed they set yet another record high in May.”

Key Takeaways

• Nonresidential construction spending, which totaled $773.8 billion on a seasonally adjusted annual basis for June, declined 1.8% from May but is a 2.3% increase over the same time last year.
• Public nonresidential spending fell 3.7% in June, but is up 6.4% year over year, while private nonresidential spending fell 0.3% on a monthly basis and is down 0.4% from June 2018.
• “Like the balance of the U.S. economy, nonresidential construction spending appears to be softening, albeit gradually.”

Press Release from Associated Builders and Contractors, Inc.

Article written by Alan Littman for Construction Executive

While the construction industry is slowly adopting technology in its daily operations, many firms are still supported by disparate, non-integrated systems that often require the use of manual forms or spreadsheets to capture and document work performed.

This leads to, among other things, serious deficiencies in the ability to communicate necessary information in a timely manner, users having to access multiple systems to perform and document their work and no opportunity to manage work efficiently “in the moment,” which can have significant consequences—especially in the area of safety.

If that isn’t bad enough, it also dramatically impacts profitability in the form of inaccurate costs estimates that lead to major cost overruns and can introduce significant risk into operations.

Key Takeaways

• Nonresidential construction spending, which totaled $788.5 billion on a seasonally adjusted annual basis for May, declined 0.9% from April but is a 4.4% increase over the same time last year.
• Among the 16 nonresidential construction spending categories, five experienced an increase in monthly spending, with the largest increases registered in transportation (4.0%), communication (1.3%), and public safety (1.2%).
• While total public and private nonresidential spending declined 0.9% since April, public spending was up 11.2% and private spending was down 0.1% year over year.

Press Release from Associated Builders and Contractors, Inc.

According to data released Friday by the US Bureau of Labor Statistics, the national construction industry added 21,000 net new jobs in June.

Key Takeaways

• The construction industry added 21,000 net new jobs in June and, on a year-over-year basis, has expanded by 224,000 jobs, an increase of 3.1%.
• All major segments of nonresidential construction added jobs in June, with the bulk of job growth in the nonresidential specialty trade contractor segment, which added 11,900 net new positions.
• The construction unemployment rate stood at 4% in June, down 0.7% from the same time last year.
• “Today’s employment numbers indicate the economy is not slowing nearly as quickly as data suggested earlier this year, which is promising news for contractors.”

Press Release from Associated Builders and Contractors, Inc (ABC)

Construction Job Growth Steady in June, Says ABC

Article written by Andy Holtmann on the Viewpoint blog

It’s a special thing when you can see just how your construction organization is driving success — especially when you have a deep understanding into the activities that happen out in the field. However, pulling that data together in ways that are meaningful and timely has been a consistent challenge in the construction industry. Reliance on manual processes and/or different disconnected software programs has meant that oftentimes data from the field is incomplete, inaccurate or just too outdated to properly assess and take action from by the time it actually gets reviewed.

Article written by Natalie RItchie on the Viewpoint blog

If you do a little digging, you may notice that many industries utilize development and maintenance processes that are often repetitive and standardised across the scope of their operations. This may work for them. However, within the construction sector there are multiple aspects which require different approaches, meaning a one-size fits all approach is not appropriate. Each project requires a distinctive output, may be run by various departments, and may be undertaken under a unique set of circumstances. It is akin to a large machine with multiple moving parts and it is because of these multiple parts and unique approaches that there can be a tendency for miscommunication, teamwork issues, and conflicts.

Key Takeaways

• Nonresidential construction spending, which totaled $792.6 billion on a seasonally adjusted annual basis for April, was a 6.4% increase over the same time last year.
• Among the 16 nonresidential construction spending categories, nine experienced an increase in monthly spending, with the largest increases registered in water supply (9.8%), highway and street (6.8%) and transportation (3.9%).
• While public nonresidential spending expanded 4.8% on a monthly basis and increased 15.4% since April 2018, private nonresidential spending fell 2.9% in April and is up just 0.6 % year-over-year.

Press Release from Associated Builders and Contractors, Inc.