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Nonresidential Construction Employment Decreased in March
According to data released Friday by the US Bureau of Labor Statistics, the national construction industry lost 9,000 jobs on net in March.
Key Takeaways
Nonresidential Construction Spending Increased 0.4% in February
Key Takeaways
- National nonresidential construction spending increased by 0.4% in February.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $982.2 billion for the month.
- "Importantly, almost all of the nonresidential sector’s momentum is attributable to manufacturing-related constru
ABI February 2023: Business conditions remain soft at architecture firms
Architectural salaries saw strong gains in 2022, with more modest growth anticipated for 2023
Architecture firm billings remained soft for the fifth consecutive month in February. The Architecture Billings Index (ABI) score of 48.0 indicates softer business conditions than in January. However, while overall billings have declined every month since October 2022, the pace of the decline remains relatively modest, and has not accelerated dramatically.
New AGC Report Demonstrates Construction Industry’s Focus and Ingenuity in Addressing Workforce Challenges
Construction Trends Forecast for 2023: How Labor, Interest Rates, and Material Prices Are Shifting
February Construction Employment Increases by 24,000
According to data released today by the US Bureau of Labor Statistics, the national construction industry added 24,000 jobs on net in February.
Key Takeaways
Nonresidential Construction Spending Increased 0.3% in January
Key Takeaways
- National nonresidential construction spending increased by 0.3% in January.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $968.7 billion for the month.
- "On a year-over-year basis, spending in the nonresidential sector continues to outpace inflation.
ABI January 2023: Architecture firm billings decline at slower pace
One in five firms have current international projects, or have had one in the last five years
While architecture firm billings declined for the fourth consecutive month in January, the pace of the decline continued to slow. The ABI score of 49.3 for the month indicates that fewer firms reported softening conditions this month than in December. In addition, inquiries into new projects and the value of new design contracts both strengthened in January, as firms reported an uptick of interest in new projects.
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