Construction spending during February 2024 was estimated at a seasonally adjusted annual rate of $2,091.5 billion, 0.3% (±0.8%) below the revised January estimate of $2,096.9 billion. The February figure is 10.7% (±1.3%) above the February 2023 estimate of $1,889.6 billion. During the first two months of this year, construction spending amounted to $298.1 billion, 11.9% (±1.3%) above the $266.5 billion…
Read MoreTag: Associated General Contractors of America
Construction Spending Dips in January; Up Year Over Year
Construction spending during January 2024 was estimated at a seasonally adjusted annual rate of $2,102.4 billion, 0.2% (±0.8%) below the revised December estimate of $2,105.8 billion, according to the U.S. Census Bureau. The January figure is 11.7% (±1.5%) above the January 2023 estimate of $1,882.2 billion. In January, the estimated seasonally adjusted annual rate of public construction spending was $479.0…
Read MoreAGC’s Sandherr to Retire; Shoaf To Become CEO
Stephen E. Sandherr announced his retirement as chief executive officer of the Associated General Contractors of America (AGC), effective March 31, 2024. Sandherr has been CEO of the association for the commercial construction industry for 27 years and has served it for 37 years in various capacities. The association also announced that its current chief operating officer, Jeffrey Shoaf will serve…
Read MoreConstruction Spending Rises in May, Highways Down
Construction spending during May 2023 was estimated at a seasonally adjusted annual rate of $1,925.6 billion, 0.9% (±0.5%) above the revised April estimate of $1,909.0 billion. The May figure is 2.4% (±1.2%) above the May 2022 estimate of $1,880.9 billion. During the first five months of this year, construction spending amounted to $740.8 billion, 2.9% (±1.0%) above the $719.6 billion…
Read MoreConstruction Spending Healthy in April; Highways Rise Again
According to the U.S. Census Bureau, construction spending during April 2023 was estimated at a seasonally adjusted annual rate of $1,908.4 billion, 1.2% (±0.7%) above the revised March estimate of $1,885.0 billion. The April figure is 7.2% (±1.2%) above the April 2022 estimate of $1,780.9 billion. During the first four months of this year, construction spending amounted to $566.7 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 MoreAutonomous Tech
Teleo Retrofits Existing Heavy Construction Equipment To Create Remote-Operated And Autonomous Robots. By Mark S. Kuhar Construction and mining work is skilled, physically demanding and often dangerous. According to the Associated General Contractors of America, 91% of construction firms are having a hard time finding workers to hire, driving up costs and project delays. To address this issue, Teleo is…
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 MoreHCSS Helps Contractors Do More with Less
HCSS solutions can help contractors be more efficient, so they don’t have to hire as many people. When contractors deploy digital transformation solutions, they become leaders in their space, with greater efficiencies and the ability to hire more easily, the company stated. The Associated General Contractors of America’s 2022 Construction Hiring and Business Outlook Survey of more than 1,000 firms…
Read MoreMarch Construction Spending Up Slightly; Highways Up Year Over Year
The U.S. Census Bureau announced that construction spending during March 2022 was estimated at a seasonally adjusted annual rate of $1,730.5 billion, 0.1% (±0.7%) above the revised February estimate of $1,728.6 billion. The March figure is 11.7% (±1.0%) above the March 2021 estimate of $1,548.6 billion. During the first three months of this year, construction spending amounted to $376.6 billion,…
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