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Editor’s note:  Construction Citizen is proud to partner with AGC America to bring you AGC Chief Economist Ken Simonson's Data DIGest. Check back each week to get Ken's expert analysis of what's happening in our industry.Construction spending hits four-year high; AGC survey finds challenges filling positionsCheck out Ken Simonson's upcoming speaking schedule.Construction spending in July reached a four-year high of $901 billion at a seasonally adjusted annual rate, up 0.6% from June and up 5.2% from July 2012, the Census Bureau reported on Tuesday.  Census revised up the totals for June and May by $12 billion and $7 billion, respectively, which may lead to an upward revision in the second-quarter estimate for growth in gross domestic product (GDP) later this month.  Private residential spending increased 0.6% for the month and 17% year-over-year.  Private nonresidential spending rose 1.3% and 2.0%, respectively.  Public construction spending fell 0.3% and 3.7%.  Of the three residential components, new single-family construction grew 0.5% and 29%; new multifamily spending, 0.1% and 39%; and improvements to existing single- and multifamily buildings, 0.8% and 1.4%.  The three largest private nonresidential components (in descending order of current size) all increased from one and 12 months ago: power construction (including conventional and renewable power plus oil and gas fields and pipelines) 0.5% and 5.0%, respectively; manufacturing construction 2.9% and 0.8%; and commercial (new and renovated retail, warehouse and farm), 1.7% and 2.6%.  
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September 05, 2013
Editor’s note:  Construction Citizen is proud to partner with AGC America to bring you AGC Chief Economist Ken Simonson's Data DIGest. Check back each week to get Ken's expert analysis of what's happening in our industry.More metros and states add jobs in latest year; Reed, MHC, AIA differ on starts Construction employment rose in 201 out of 339 metropolitan areas (including divisions of larger metros) in the 12 months through July (the largest number of gainers since March 2012), declined in 90 and was flat in 48, according to an analysis of Bureau of Labor Statistics (BLS) data that AGC released Friday. However, July 2013 employment exceed prior July highs in only 19 metros, while 28 metros remained at least 50% below past July peaks. (BLS combines mining and logging with construction in most metros to avoid disclosing data about industries with few employers. Because metro data is not seasonally adjusted, comparisons with months other than July are not meaningful.) Houston-Sugar Land-Baytown added by far the largest number of construction jobs in the past year (13,000 construction jobs, 7%).  
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August 26, 2013
PPI remains tame; multifamily starts surge; MHC expects mild rise for total startsEditor’s note:  Construction Citizen is proud to partner with AGC America to bring you AGC Chief Economist Ken Simonson's Data DIGest. Check back each week to get Ken's expert analysis of what's happening in our industry.Click here to view July PPI tables and here to complete AGC’s Worker Shortage Survey.The producer price index (PPI) for finished goods was down 0.2%, not seasonally adjusted (and was unchanged, seasonally adjusted), in July but up 2.1% over 12 months, the Bureau of Labor Statistics (BLS) reported on Wednesday. The PPI for inputs to construction—a weighted average of the cost of all materials used in construction plus items consumed by contractors such as diesel fuel—was flat for the month and rose 2.0% year-over-year. The PPI for residential construction inputs fell 0.1% in July and was up 2.1% from a year earlier; and for nonresidential construction, -0.1 and 1.8%. Major construction inputs that dropped in price in July and for the year included copper and brass mill shapes, -2.2% and -6.2%; aluminum mill shapes,  
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August 19, 2013
Construction employment and spending grow in past year but slip in latest monthEditor’s note:  Construction Citizen is proud to partner with AGC America to bring you AGC Chief Economist Ken Simonson's Data DIGest. Check back each week to get Ken's expert analysis of what's happening in our industry.Click here to view June metro employment tables.Nonfarm payroll employment increased by 162,000, seasonally adjusted, in July and 2,276,000 (1.7%) over 12 months, the Bureau of Labor Statistics (BLS) reported on Friday.
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August 06, 2013
Starts dip, MHC says; AIA, NABE find positive outlook; hotel construction is revivingEditor’s note:  Construction Citizen is proud to partner with AGC America to bring you AGC Chief Economist Ken Simonson's Data DIGest. Check back each week to get Ken's expert analysis of what's happening in our industry.The value of new construction starts in June edged down 1% from May at a seasonally adjusted annual rate, McGraw Hill Construction (MHC) reported on Monday. “Nonresidential building lost momentum in June after strengthening during the previous two months, and housing experienced a pause from its recent upward trend. Meanwhile, nonbuilding construction advanced in June, lifted by the start of several very large bridge projects. For the first six months of 2013, total construction starts on an unadjusted basis were… down 2% from the same period a year ago. The 2013 year-to-date decline for total construction was due primarily to a sharp reduction for electric utilities compared to a robust first half of 2012. If electric utilities are excluded, total construction starts for the first six months of 2013 would be up 9% from last year, led by substantial growth [28%] for housing,” which offset year-to-date declines of 9% for nonresidential building and 24% for nonbuilding construction.
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July 29, 2013
Most states add jobs in past year; nonres, multifamily starts tumble, say Reed, CensusEditor’s note:  Construction Citizen is proud to partner with AGC America to bring you AGC Chief Economist Ken Simonson's Data DIGest. Check back each week to get Ken's expert analysis of what's happening in our industry.View the state employment data by rank, by state and by change from peak.  In June, seasonally adjusted nonfarm payroll employment increased from a year earlier in 37 states, decreased in 12 states and the District of Columbia and was unchanged in Arkansas, the Bureau of Labor Statistics (BLS) reported on Thursday. Seasonally adjusted construction employment climbed in 36 states and fell in 14 states and D.C., an AGC analysis showed. The largest one-year percentage gains in construction jobs occurred in Wyoming (10.4%, 2,200 jobs), Louisiana (9.7%, 12,200) and Arizona (9.7%, 11,100). California added the most new construction jobs over the past 12 months (32,200, 5.5%), followed by Texas (31,400, 5.4%), Florida (12,200, 3.6%) and Louisiana.  
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July 23, 2013
Prices for materials, construction flatten or dip in June; freight costs may rise soonEditor’s note:  Construction Citizen is proud to partner with AGC America to bring you AGC Chief Economist Ken Simonson's Data DIGest. Check back each week to get Ken's expert analysis of what's happening in our industry.Click here to view June PPI table.The producer price index (PPI) for finished goods climbed 0.3%, not seasonally adjusted (0.8%, seasonally adjusted), in June and 2.5% over 12 months, the Bureau of Labor Statistics (BLS) reported on Friday.
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July 15, 2013
Construction job growth, unemployment improve; several indicators augur more gainsEditor’s note:  Construction Citizen is proud to partner with AGC America to bring you AGC Chief Economist Ken Simonson's Data DIGest. Check back each week to get Ken's expert analysis of what's happening in our industry.Nonfarm payroll employment increased by 195,000, seasonally adjusted, in June and 2,293,000 (1.7%) over 12 months, the Bureau of Labor Statistics (BLS) reported on Friday. Construction employment rose by 13,000 for the month and totaled 5,812,000, seasonally adjusted, the highest level since August 2009 and a gain of 190,000 (3.4%) over the past year. Total hours worked in construction (aggregate weekly hours) increased by 4.7% since June 2012, implying that contractors are lengthening working hours slightly, in addition to hiring new workers. Residential construction employment (residential building and specialty trade contractors) climbed by
Ken Simonson's picture
July 10, 2013
Residential, public construction expand in May but nonres stalls; more metros add jobsEditor’s note:  Construction Citizen is proud to partner with AGC America to bring you AGC Chief Economist Ken Simonson's Data DIGest. Check back each week to get Ken's expert analysis of what's happening in our industry.Construction Spending in May totaled $875 billion at a seasonally adjusted annual rate, up 0.5% from April and 5.4% from May 2012, the Census Bureau reported on Monday. Private residential spending jumped 1.2% for the month and 23% year-over-year. Private nonresidential spending slumped 1.4% and 0.9%, respectively. Public construction spending climbed 1.8% in May but fell 4.7% over 12 months. Of the three residential components, new single-family construction rose 0.4% and 33%, respectively; new multifamily spending, 2.5% and 52%
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July 02, 2013
Construction jobs rise in more states in May; year-to-date starts slip, MHC and Reed sayEditor’s note:  Construction Citizen is proud to partner with AGC America to bring you AGC Chief Economist Ken Simonson's Data DIGest. Check back each week to get Ken's expert analysis of what's happening in our industry.In May, seasonally adjusted nonfarm payroll employment increased from a year earlier in 48 states and the District of Columbia and decreased in Alaska and Wyoming, the Bureau of Labor Statistics (BLS) reported today. Seasonally adjusted construction employment climbed in 32 states, fell in 18 states and the District of Columbia, and was flat in Idaho, an AGC analysis showed. Louisiana and North Dakota surpassed previous construction employment peaks, set in November 2008 and September 2012, respectively. The largest one-year percentage gains in construction jobs occurred in Arizona (10.4%, 11,900 jobs), Louisiana (9.4%, 11,800), Hawaii (9.3%, 2,700) and Connecticut (9.2%, 4,700). Texas added the most new construction jobs over the past 12 months (39,200, 6.7%), followed by California (38,500, 6.6%), Arizona and Louisiana. Montana
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June 24, 2013