Construction spending during October 2021 was estimated at a seasonally adjusted annual rate of $1,598.0 billion, 0.2% (±1.2%) above the revised September estimate of $1,594.8 billion, according to The U.S. Census Bureau. The October figure is 8.6% (±1.3%) above the October 2020 estimate of $1,471.7 billion. During the first 10 months of this year, construction spending amounted to $1,323.1 billion,…
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Concrete News
July 21, 2021 – According to the National Ready Mixed Concrete Association (NRMCA), the estimated ready mixed concrete produced in April 2021 is 35.6 million cu. yd., 20% higher than that in April 2020. The estimated production in the U.S. through April is 114.3 million cu. yd., approximately 6.8% higher than that during the same period in 2020. NRMCA joined a…
Read MoreStaker Parson Wins Project of the Year from AGC of Utah
Staker Parson Materials & Construction, a CRH company, won the 10 + Highway Project of the Year from the Associated General Contractors of Utah for its Mountain View Corridor project. The Mountain View Corridor: 5400 South to 4100 South Design-to-Build project was a joint venture of Ralph L. Wadsworth and Ogden, Utah-based Staker Parson.
Read MoreConstruction Spending Down for Month; Up for Year
Construction spending during June 2017 was estimated at a seasonally adjusted annual rate of $1,205.8 billion, 1.3 percent (±1.5 percent) below the revised May estimate of $1,221.6 billion. The June figure is 1.6 percent (±1.8 percent) above the June 2016 estimate of $1,186.4 billion.
Read MoreConstruction Employment at Highest Level in Nine Years
Construction employment increased by 5,000 jobs in April to the highest level in more than nine years amid strong demand for new construction services, according to an analysis of new government data by the Associated General Contractors of America. Association officials cautioned, however, that a shortage of available qualified workers likely limited the number of new jobs added last month.
Read MoreConstruction Spending at Record Levels for Second Straight Month
Construction spending is at record levels for the second straight month in March and is up 4.9 percent for the first three months of year compared to the same period in 2016, despite dipping slightly compared to February, according to an analysis by the Associated General Contractors of America. Association officials said many firms are eager to see details of…
Read MoreConstruction Spending Rises; Highways Tick Higher
Construction spending increased from January to February and from a year ago, as private residential and public construction grew for the month and private-sector demand increased for the year, according to an analysis by the Associated General Contractors of America. Association officials said the February data indicates the need for Congress and the Trump administration to work together to reform…
Read MoreConstruction Employment Hits Highest Level Since 2008
Construction firms added 18,000 workers in January, as the industry’s unemployment rate declined to a 17-year low of 8.5 percent, according to an analysis of new government data by the Associated General Contractors of America. Association officials noted that the number of construction jobs added in January was down compared to the last three months of 2015 and could reflect…
Read MoreConstruction Spending Slips Again
Construction spending decreased for the second consecutive month in September as declines in public and private nonresidential construction, as well as multifamily projects, offset growth in single-family homebuilding, according to an analysis by the Associated General Contractors of America. Association officials said the new spending figures underscore how challenges current market conditions are for many firms.
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