construction growth Archives

ABC predicts modest growth for nonresidential construction

Bernards & Construction
by in AZRE Magazine | Construction

Associated Builders and Contractors (ABC) forecasts a slowdown of growth in the U.S. commercial and industrial construction industries in 2017, according to the association’s forecast for next year. While contractors are vulnerable to rising commodity prices and potential interest rate increases in 2017, the middling consumer-led recovery should still lead to modest growth in construction spending… Read More →

May Construction Climbs 5 Percent

At a seasonally adjusted annual rate of $495.7 billion, new construction starts in May advanced 5 percent from the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial.  Much of the upward lift came from nonresidential building, which registered moderate growth for the second month in a row after its sluggish… Read More →

CONSTRUCTION EMPLOYMENT INCREASEs BETWEEN APRIL AND MAY AS SECTOR ADDS JOBS IN 32 STATES

by in Business News | Construction

Construction employment increased in a majority of states in May, setting all-time highs in Louisiana and North Dakota, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials noted that construction demand remains very uneven and urged policy makers to expedite stalled public and private projects. “The strongest… Read More →