Key Takeaways

• Nonresidential construction spending, which totaled $767.1 billion on a seasonally adjusted annual rate for September, fell 0.3% but remains historically elevated and increased 8.9% on a year-ago basis
• August’s estimate was revised almost a full percent higher from $762.7 billion to $769.1 billion, the highest level in the history of the series.
• “Unlike previous instances of rapid construction growth, this one is led by a neatly balanced combination of private and public spending growth.”

Press Release from Associated Builders and Contractors, Inc.

WASHINGTON, Nov. 1— National nonresidential construction spending fell 0.3 percent in September but remains historically elevated, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today. Total nonresidential spending stood at $767.1 billion on a seasonally adjusted, annualized rate in September, an increase of 8.9 percent on a year-ago basis.

According to data released last month by the US Bureau of Labor Statistics, the national construction industry added 23,000 net new jobs in September, following 23,000 in August, 18,000 in July, 13,000 in June and 29,000 in May.

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

Full release

Construction Industry Adds 23,000 Jobs in September, Says ABC

WASHINGTON, Oct. 5—The U.S. construction industry added 23,000 net new positions in September, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics.

During the last 12 months, the industry has added 315,000 net new jobs, an increase of 4.5 percent. Nonresidential construction employment expanded by 18,600 net jobs on a monthly basis, while the residential sector added just 4,400 net positions.

Article written by Alisa Zevin and appears on enr.com

U.S. construction starts will hold steady in 2019 after a modest 3% uptick in 2018, according to the 2019 Dodge Construction Outlook. Starts are expected to hit $808.3 billion, only 0.2% higher than 2018’s $806.8 billion.

“Over the past three years, the expansion for the U.S. construction industry has shown deceleration in its rate of growth, a pattern that typically takes place as an expansion matures,” says Robert A. Murray, chief economist at Dodge Data & Analytics.

For the non-residential sector side, the volume of commercial work is expected to drop 3%, with rising vacancy rates in the coming year slightly dampening construction, says Murray, who provided the 2019 market update in National Harbor, Md., on Oct. 25.

Retail construction continues to decline, largely due to the shift to online shopping, while hotel construction will slow following a 10% boost in 2018. Office and manufacturing buildings, however, will see small increases, at 1% and 2%, respectively. Institutional building, such as educational and healthcare structures, will rise 3%.

According to data released Friday by the US Bureau of Labor Statistics, the national construction industry added 23,000 net new jobs in August, following 18,000 in July, 13,000 in June and 29,000 in May.

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

Full release

Construction Employment Retains Momentum in August, Says ABC

WASHINGTON, Sept. 7—The U.S. construction industry added 23,000 net new jobs in August, an increase from the 18,000 net new jobs added in July, according to an Associated Builders and Contractors analysis of data supplied by the U.S. Bureau of Labor Statistics. The industry has added 297,000 net new jobs since August 2017, a 4.3 percent increase. Nonresidential construction employment increased by 9,600 net jobs in August, although the heavy and civil engineering category lost 200 net jobs for the month.

Original article written by Jim Morrison on Forbes.com

College isn’t for everyone and there are strong reasons to support students who decide to opt out of the college track and get jobs in the trades.

Jobs

A 2017 study from the Georgetown University Center on Education and the Workforce found between 1991-2015: “Good jobs in non-manufacturing blue-collar industries, such as construction and transportation, increased in 38 states. North Dakota, South Dakota, and Utah experienced the most robust job growth in non-manufacturing blue collar industries, as well as in the total number of blue-collar jobs.”

The growth has been uneven, though. The study says 12 states -particularly in the Northeast- lost those kinds of good jobs. California, Texas and Florida have had the largest gains.

Earnings

The study says there are 3,477,000 people have good-paying construction jobs in the U.S. and earn a median salary of $59,000.

According to data released Friday by the US Bureau of Labor Statistics, the national construction industry added 19,000 net new jobs in July, following 13,000 in June and 29,000 in May.

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

Full release

Construction Adds 19,000 Jobs as Unemployment Plummets in July, Says ABC

WASHINGTON, Aug. 3—The U.S. construction industry added 19,000 net new jobs in July after adding 13,000 net new jobs in June, according to an Associated Builders and Contractors analysis of data supplied by the U.S. Bureau of Labor Statistics. The industry has added 308,000 net new jobs since the first of the year, a robust increase of 4.4 percent.

Key Takeaways

• Nonresidential construction spending, which totaled $742 billion on a seasonally adjusted annual rate for June, is down 1.6% from May.
• Private nonresidential spending fell 0.3% in June, while public nonresidential spending contracted by 3.5%.
• “Tax and regulatory reform are helping stimulate new demand for construction projects. But if contractors are forced to raise prices significantly to cope with rising labor and materials costs, many public and private sector clients may scale back investments in new construction projects.”
• "Since monthly construction spending declines were apparent in both private and public segments, it is also possible that certain projects have been put on hold, with the hope that input prices will eventually decline to lower levels.”

Press Release from Associated Builders and Contractors, Inc.

In a new round of tariffs that began last week, Chinese imports targeted by the U.S. include:

• Heavy equipment and machinery for mining, construction and farming
• Industrial machinery
• Steel products
• Airplanes, aircraft tires and engine components
• Nuclear reactor equipment and parts
• Marine and boat components
• Electrical and computer components
• Electric motors and generators
• Communications and radio equipment
• Motor vehicles

Trump's own tariffs make it harder to rebuild infrastructure

By David A. Lieb, Associated Press

June 30, 2018

President Donald Trump wants to rebuild the nation's transportation infrastructure. He also wants to strengthen the U.S. steel industry through tariffs on imports.

But that second goal could make it more costly to accomplish the first.

Since Trump announced the tariffs in March, prices have been rising for the American steel used to build bridges, reinforce concrete highways and lay the rails for mass transit systems. Though many of this summer's big construction projects had locked in pre-tariff prices, concerns are mounting among contractors and some transportation officials that the tariffs could raise costs and delay work that is still in the planning stages.