Breaks in Supply-Chain Links Add to Contractors’ Cost Woes
Article written by Ken Simonson, Chief Economist, AGC of America on the ConstructorMagazine.com.
Nonresidential Construction Adds Only 2,900 Jobs in July
According to data released last week by the US Bureau of Labor Statistics, the national construction industry added 11,000 jobs on net in July.
Key Takeaways
Nonresidential Construction Spending Down Almost 1% in June
Key Takeaways
- National nonresidential construction spending declined 0.9% in June 2021.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $779.9 billion for the month.
- “Despite the lingering pandemic and elevated materials prices, demand for construction services remains high.
Six Game-Changing Reasons Contractors Need Software to Mitigate Risk
Article written by Frédéric Guitton, Chief Strategy Officer, RedTeam Software on ConstructionExec.com.
Nonresidential Construction Loses 22,600 Jobs in June
According to data released last week by the US Bureau of Labor Statistics, the national construction industry lost 7,000 jobs on net in June.
Key Takeaways
Nonresidential Construction Spending Down 0.7% in May
Key Takeaways
- National nonresidential construction spending declined 0.7% in May 2021.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $784.5 billion for the month.
- “There is a significant gap between elevated levels of contractor confidence and still poor nonresidential constructi
Lessons From COVID-19: Digital Paves the Way Forward
Article written by Mike Sobolewski on ConstructionExec.com.
Nonresidential Construction Spending Decreases 0.5% in April
Key Takeaways
- National nonresidential construction spending declined 0.5% in April 2021.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $786.2 billion for the month.
- “The fact that nonresidential construction spending continues to decline is no surprise whatsoever.
Construction Employment Slips in May
According to data released last week by the US Bureau of Labor Statistics, the national construction industry lost 20,000 jobs on net in May.
Key Takeaways
Details of ‘American Jobs Act’ Infrastructure Bill Released
Article written by Andy Holtmann on the Viewpoint blog.
The $2 trillion American Jobs Plan that is being placed before Congress is at the core of the latest 2021 infrastructure spending plans. Spending on this bill has been proposed over an eight year time period, funded by potential corporate tax increases and other measures spread across 15 years. Included in the $2 trillion package: