Archive | Construction Economics

Construction Industry Adds 8,000 September Jobs

Construction employment increased by 8,000 jobs in September to the highest level since October 2008, amid a tight labor market that may be keeping contractors from hiring as many workers as they need, according to an analysis of new government data by the Associated General Contractors of America, Arlington, VA. Association officials said construction employment …

Continue Reading

Dodge Momentum Slows in September

The Dodge Momentum Index fell 8.4% in September, to 116.4 (2000=100) from the revised August reading of 127.1. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. Both components of …

Continue Reading

October Starts Slow 4%, Nonresidential Positive

New construction starts in October decreased 4% to a seasonally adjusted annual rate of $678.9 billion, settling back from the elevated amount that was reported in September, according to Dodge Data & Analytics. Nonresidential building retreated from its brisk September pace, which was this sector’s strongest volume so far in 2016. October’s level for nonresidential …

Continue Reading

Commercial Conversation #52

It’s a new week and time for another podcast. This weeks topics include NCARB’s latest report on new architects, social media, Los Angeles construction, and the replacement of LaGuardia airport. Gary L. Parr is editorial director of Commercial Building Products magazine, and Paul Nutcher is president of Green Apple Group. (more…)

Continue Reading