Using Technology To Address The Skilled Trades Labor Shortage. By Annette Kiesewetter The labor shortage is real and affecting the economy in every direction, from local restaurants to assembly lines to the quarries all over the country. The skilled trades shortage is especially impactful. Is your city or county hoping to expand or fix a road? Not without the skilled…
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Construction Spending Rises in February; Highways Higher
According to the U.S. Census Bureau, construction spending during February 2023 was estimated at a seasonally adjusted annual rate of $1,844.1 billion, 0.1% (±0.7%) below the revised January estimate of $1,845.4 billion.
Read MoreConstruction Spending Up Year-Over-Year
According to the U.S. Census Bureau, construction spending during January 2023 was estimated at a seasonally adjusted annual rate of $1,825.7 billion, 0.1% (±0.7%) below the revised December estimate of $1,827.5 billion. The January figure is 5.7% (±1.2%) above the January 2022 estimate of $1,726.6 billion. In January, the estimated seasonally adjusted annual rate of public construction spending was $383.1…
Read MoreConstruction Spending Up Slightly for Month; Significantly for Year
According to the U.S. Census Bureau, construction spending during November 2022 was estimated at a seasonally adjusted annual rate of $1,807.5 billion, 0.2% (±0.8%) above the revised October estimate of $1,803.2 billion. The November figure is 8.5% (±1.3%) above the November 2021 estimate of $1,665.2 billion.
Read MoreConstruction Spending Declines in October
Construction spending during October 2022 was estimated at a seasonally adjusted annual rate of $1,794.9 billion, 0.3% (±1.2%) below the revised September estimate of $1,800.1 billion. The October figure is 9.2% (±1.5%) above the October 2021 estimate of $1,644.3 billion, according to the U.S. Census Bureau.
Read MoreConstruction Spending Down in July; Highways Up
The U.S. Census Bureau reported that construction spending during July 2022 was estimated at a seasonally adjusted annual rate of $1,777.3 billion, 0.4% (±0.8%) below the revised June estimate of $1,784.3 billion. The July figure is 8.5% (±1.3%) above the July 2021 estimate of $1,637.3 billion. During the first seven months of this year, construction spending amounted to $1,013.7 billion,…
Read MoreConstruction Spending Up Year-Over-Year; Highways Down
The U.S. Census Bureau reported that construction spending during June 2022 was estimated at a seasonally adjusted annual rate of $1,762.3 billion, 1.1% (±1.0%) below the revised May estimate of $1,781.9 billion. The June figure is 8.3%(±1.5%) above the June 2021 estimate of $1,628.0 billion.
Read MoreConstruction Spending Flat in May
The U.S. Census Bureau announced that construction spending during May 2022 was estimated at a seasonally adjusted annual rate of $1,779.8 billion, 0.1% (±0.8%) below the revised April estimate of $1,782.5 billion. The May figure is 9.7% (±1.3%) above the May 2021 estimate of $1,621.9 billion.
Read MoreConstruction Spending Up Double Digits Year-Over-Year
Construction spending during April 2022 was estimated at a seasonally adjusted annual rate of $1,744.8 billion, 0.2% (±0.8%) above the revised March estimate of $1,740.6 billion, according to the U.S. Census Bureau. The April figure is 12.3% (±1.3%) above the April 2021 estimate of $1,553.5 billion. During the first four months of this year, construction spending amounted to $520.8 billion,…
Read MoreConstruction Spending Ticks Up in February
The U.S. Census Bureau reported that construction spending during February 2022 was estimated at a seasonally adjusted annual rate of $1,704.4 billion, 0.5% (±0.7%) above the revised January estimate of $1,695.5 billion. The February figure is 11.2% (±1.2%) above the February 2021 estimate of $1,533.3 billion.
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