residential construction
July construction recedes
New construction starts in July decreased 2 percent to a seasonally adjusted annual rate of $479.1 billion, according to McGraw-Hill Construction. July statistics lowered the Dodge Index to 101, down from a revised 103 for June. The nonbuilding construction sector,… Keep Reading
Nonresidential building carries new construction starts in May
New construction starts in May advanced 5 percent from April, according to McGraw Hill Construction. Much of the upward lift came from nonresidential building, which registered moderate growth for the second straight month after a sluggish performance at the outset… Keep Reading
Green building outlook strong despite soft economy
The U.S. green building market continues to accelerate, according to McGraw-Hill Construction's 2013 green construction outlook report. Green building has grown from $10 billion in 2005 to $78 billion in 2011. In 2012, the total market for non-residential and residential… Keep Reading
Near double-digit growth in works for construction put in place
FMI is forecasting an 8 percent increase in total construction put in place for 2013, attributing the forecast to more robust growth in residential construction and a few strong markets in nonresidential and non-building construction. According to FMI, private markets… Keep Reading
Construction industry adds jobs as unemployment rate falls
Construction employers added 17,000 jobs in October while the construction industry's unemployment rate fell to 11.4 percent, according to an analysis of new federal data released by the Associated General Contractors of America (AGC). Association officials noted that total construction… Keep Reading
Construction-put-in-place expected to top $1 trillion in 2014
With construction put in place (CPIP) at the end of 2012 expected to be between $826 and $884 billion, researchers at FMI are predicting CPIP growth rates to be slightly ahead of GDP in 2013 and 2014. This would place… Keep Reading
Construction spending at highest level in 36 months
Construction spending in June rose to a 2 ½-year high as double-digit percentage increases in private residential and nonresidential construction offset an ongoing downturn in public construction, according to an analysis of new federal data released by the Associated General… Keep Reading
Residential construction spending on upswing
Construction spending inched down less than 0.1 percent in January, following a large upward revision in December and November, according to an analysis of federal data released by the Associated General Contractors of America. All forms of residential construction did well… Keep Reading
