As contractors continue to transform their operations through technology and train new generations of workers, they might not be aware that there are a number of tax incentives and credits to help offset these costs.
According to data released last week by the US Bureau of Labor Statistics, the national construction industry added 38,000 net new jobs in December. During the past 12 months, the industry has added 280,000 net new construction jobs, which translates into a 4 percent increase in total industry-wide employment.
According to data released last week by the US Bureau of Labor Statistics, the national construction industry added 5,000 net new jobs in November. During the past 12 months, the industry has added 282,000 net new construction jobs, which translates into a 4 percent increase in total industry-wide employment.
Nonresidential construction spending, which totaled $763.8 billion on a seasonally adjusted annual rate for October, increased 0.1% and is a 7.3% increase over the same time last year
WASHINGTON, Dec. 4—Associated Builders and Contractors Chief Economist Anirban Basu forecasts another strong year for construction sector performance, yet warns about inflationary pressures, according to a 2019 economic outlook published today in Construction Executive magazine.
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.
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.
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.
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