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Construction Spending Cools in June

Total construction spending cooled in June as residential building hit the pause button, while private nonresidential and public construction also declined, according to an analysis of new Census Bureau data by the Associated General Contractors of America. Association officials urged lawmakers in Washington to make infrastructure investment a top federal priority for the fiscal year beginning in October.

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Construction Employment Inches Forward

The unemployment rate for construction workers fell to the lowest July level in five years last month, even though employment has stagnated in the past four months, according to an analysis of new government data by the Associated General Contractors of America. Association officials urged Washington leaders to act on stalled infrastructure funding measures to help jump start construction hiring.

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Highway, Bridge Projects Will Have Impact on N.Y., N.J.

Major transportation infrastructure repair projects in the wake of 2012’s Hurricane Sandy; new bridge and road improvements in preparation for the arrival of bigger cargo ships with the 2015 expansion of the Panama Canal; and the Tappan Zee Bridge replacement will have significant impacts on the New York metropolitan area.

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Dodge Momentum Index Steadies in July

The Dodge Momentum Index held steady in July compared to the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial.

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Study Quantifies Global Construction Aggregates Market

According to the new report “Global Construction Aggregates Market – Key Trends and Opportunities to 2017,” the global construction aggregates market was valued at more than $99 billion in 2012, of which the Asia-Pacific region constituted a 42.5 percent share, making it the largest regional market for construction aggregates in the world.

Read more: Study Quantifies Global Construction Aggregates Market