Feb. 14, 2018
The U.S. housing market ended 2017 at a relatively flat affordability rate, slightly up from the prior quarter yet similar to year-over-year findings.
Feb. 13, 2018
Thousands of contractors are unpaid after working on construction projects in San Francisco. A new payment system went live last summer to replace the aging system first implemented in 1980, according to KTVU Fox 2.
Feb. 9, 2018
Construction employment continued to gain ground last year, but there are still factors holding it back. Employment increased from December 2016 to December 2017 in 269 out of 358 metro areas, according to this week’s analysis from the Associated General Contractors of America (AGC).
Feb. 8, 2018
Lending standards on commercial and industrial (C&I) loans to large and medium-sized firms with annual sales at or above $50 million continued to ease on net in January, according to a recent analysis of Federal Reserve Board information by the National Association of Home Builders (NAHB).
Feb. 7, 2018
The Dodge Momentum Index isn’t off to a great start in 2018. Dodge Data & Analytics reported it slipped 5.1% in January to a reading of 143.7 following December’s revised reading of 151.5. The commercial building and institutional building components also declined last month.
Feb. 6, 2018
The Job Openings and Labor Turnover Survey (JOLTS) remained fairly constant to end 2017, according to the latest release from the Bureau of Labor Statistics (BLS). Job openings in December declined slightly from nearly six million to 5.8 million. While some sectors (information and the federal government) saw increases, many were hit hard, including construction, which had a drop of 52,000 job openings.
Feb. 5, 2018
A new year has not halted the rise in construction costs. The IHS Markit PEG Engineering and Construction Cost Index increased 1.4 points to a reading of 56.3 in January. This is the 15th straight month the current pricing headline cost index showed upward pricing strength, a reading above 50.
Feb. 2, 2018
A strong end to the 2017 construction spending cycle could pave the way for a positive 2018. Total construction spending increased 0.7% in December to a seasonally adjusted annual rate of $1.25 trillion. That’s 2.6% ahead of December 2016. December 2017 was the fifth straight month of construction spending increases.
Feb. 1, 2018
One month into the new year, economic forecasts for pending home sales and manufacturing activity appear strong in the U.S., the latter of which is also gaining momentum across the globe.
Jan. 31, 2018
The construction sector has been suffering from labor shortages and growing costs for materials. But those headwinds won’t be sufficient to hamper the 4% rise in construction spending this year and next predicted by the American Institute of Architects (AIA) in its semi-annual Consensus Construction Forecast.