U.S. construction spending increased overall in December, though spending was down monthly in nearly a dozen nonresidential subcategories, according to the U.S. Census Bureau and a data analysis from Associated Builders and Contractors. Construction spending during December 2021 was estimated at a seasonally adjusted annual rate of $1,639.9 billion, 0.2% above the revised November estimate […]
Category: nonresidential construction
ABC: Decline in Structure Investments Continues
An Associated Builders and Contractors analysis of data released by the Bureau of Economic Analysis shows investment in nonresidential structures decreased at an annual rate of 11.4% in the fourth quarter of 2021 has now contracted in eight of the past nine quarters. The continued slowdown juxtaposed BEA’s announcement stating the U.S. economy grew at […]
Nonresidential Construction Employment Rose in December
The U.S. construction industry added 22,000 net jobs in December, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. In addition to the monthly increase, the industry overall has recovered slightly more than one million — or 92.1% — of the jobs lost during earlier […]
Nonresidential Construction Employment Rises
Nonresidential construction employment rose last month, as the industry added 31,000 jobs on net, according to an Associated Builders and Contractors analysis of data released Friday by the U.S. Bureau of Labor Statistics. The industry has recovered approximately 90% of the jobs lost during earlier stages of the COVID-19 pandemic. Nonresidential construction employment in November […]
