Texas again added the most construction jobs (51,400 jobs, 6.9%), followed by California (34,400, 4.0%), Florida (25,300, 4.6%), Arizona (14,400, 8.9%) and Nevada (12,000, 13%). Nevada again added the highest percentage of construction jobs, followed by New Mexico (11%, 5,300), Arizona, New Hampshire (8.1%, 2,200) and Arkansas (7.6%, 3,800).
Compared to October 2018, the PPI for new nonresidential building construction—a measure of the price that contractors say they would charge to build a fixed set of buildings—rose 4.0%. Increases ranged from 2.9% year-over-year (y/y) for new office buildings to 3.2% for healthcare buildings, 4.6% for industrial and school buildings, and 5.8% for warehouses.
November 19, 2019
Tis the season for 2020 forecasts. The chief economists for AGC, the American Institute of Architects (AIA) and ConstructConnect discussed the current state of design and construction and the outlook for 2020 in a webinar on Wednesday.
November 13, 2019
Reports last week on construction employment, pay and spending were mixed and somewhat contradictory. Nonfarm payroll employment in October increased by 128,000, seasonally adjusted, from September and by 2,093,000 (1.4%) year-over-year (y/y) from October 2018, the Bureau of Labor Statistics (BLS) reported on Friday.
November 06, 2019
"Business conditions remained generally flat at architecture firms in September," the American Institute of Architects (AIA) reported in its monthly "Work-on-the-Board" report on Thursday. AIA's Architecture Billings Index (ABI) measures the percentage of surveyed architecture firms that reported higher billings than a month earlier, less the percentage reporting lower billings.
October 29, 2019
Seasonally adjusted construction employment increased from September 2018 to September 2019 in 39 states and the District of Columbia and declined in 11 states, an AGC analysis of Bureau of Labor Statistics data released on Friday shows.
October 23, 2019
Contractors' bid prices increased 0.2% from August to September, while materials and services input costs dipped 0.1% for the month, based on an AGC analysis of producer price indexes (PPIs) that the Bureau of Labor Statistics (BLS) posted on Wednesday.
October 16, 2019
Nonfarm payroll employment in September increased by 136,000, seasonally adjusted, from August and by 2,147,000 (1.4%) year-over-year (y/y) from September 2018, the Bureau of Labor Statistics (BLS) reported today.
October 08, 2019
The value of "new construction starts dropped 6% over the month in August" at a seasonally adjusted annual rate from the rate in July, Dodge Data & Analytics reported on Monday. "August's decline breaks a string of three consecutive month-to-month gains. By major sector, nonbuilding construction fell 15% in August, reversing the large increases made in the previous month when several notable projects started. The declines in residential and nonresidential building were milder—falling 1% and 3% respectively in August....
September 30, 2019
Seasonally adjusted construction employment increased from August 2018 to August 2019 in 39 states and the District of Columbia and declined in 10 states and was unchanged in Mississippi, Bureau of Labor Statistics data released show.
September 23, 2019
