Nonfarm payroll employment in December increased by 148,000, seasonally adjusted, from November and by 2,055,000 (1.4%) year-over-year (y/y) in all of 2017, the Bureau of Labor Statistics (BLS) reported today. The unemployment rate, 4.1%, matched the 17-year low reached in October and November.
January 12, 2018
Seasonally adjusted construction employment rose in 40 states year-over-year (y/y) from November 2016 to November 2017, declined in 10 states and held steady in the District of Columbia, an AGC analysis of Bureau of Labor Statistics (BLS) data released on December 22 showed.
January 05, 2018
The producer price index (PPI) for final demand in November, not seasonally adjusted, increased 0.1% from October and 3.1% y/y from November 2016, the Bureau of Labor Statistics (BLS) reported on Tuesday. AGC posted tables and an explanation focusing on construction prices and costs.
December 18, 2017
The Dodge Momentum Index surged again in November, climbing 13.9%...from the revised October reading," Dodge Data & Analytics reported on Thursday. The index "is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
December 12, 2017
Detailed figures on Census's construction spending website show that commercial spending segments exhibit a wide range of growth patterns. Warehouse construction leaped 37% YTD as the mini-storage component has roughly doubled for four years in a row. Shopping mall construction increased 29% YTD and shopping center construction grew 20%.
December 05, 2017
The value of new construction starts decreased 9% in October at a seasonally adjusted annual rate, following a 14% jump in September, Dodge Data & Analytics reported on Tuesday. "Over the past two months the pattern for total construction starts was shaped by nonresidential building, which fell 30% in October after soaring 37% in September.
November 29, 2017
The producer price index (PPI) for final demand in October, not seasonally adjusted, increased 0.5% from September and 2.8% y/y from October 2016, BLS reported on Thursday. AGC posted tablesand an explanation focusing on construction prices and costs. Final demand includes goods, services and five types of nonresidential buildings that BLS says make up 34% of total construction.
November 20, 2017
Impacts on construction have been spotty from the hurricanes (including Maria, which devastated Puerto and the U.S. Virgin Islands in September) and four severe wildfires in California (with more than 8,300 buildings severely damaged or destroyed).
November 13, 2017
Construction spending totaled $1.220 trillion at a seasonally adjusted annual rate in September, 0.3% higher than in August, and 2.0% higher y/y than the September 2016 rate, the Census Bureau reported on Wednesday. Public construction increased 2.6% for the month but declined 1.6% y/y.
November 06, 2017
Inflation-adjusted gross domestic product (real GDP)—the value of all goods and services produced in the U.S., net of imports—increased 3.0% at a seasonally adjusted annual rate in the third quarter of 2017 (2017Q3), following a 3.1% rise in Q2, the Bureau of Economic Analysis reported on Friday. Real private fixed investment in nonresidential structures slumped 5.2% (vs. a 7.0% gain in Q2).
November 01, 2017