News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Associated General Contractors via Twitter / May 27, 2015
Last week, Associated General Contractors released its analysis of employment trends across the nation in the construction market. This map offers a quick scan of the landscape.
— Hanley Wood (@HanleyWood) June 1, 2015
Via Twitter / Associated General Contractors / April 2, 2015Read More
Associated General Contractors / April 3, 2015
Construction declined by 1,000 in March but is still up by 282,000 compared to the prior year, as the sector’s unemployment rate fell to 9.5 percent, according to an analysis by AGC of America. Association officials noted that declining demand for residential and public sector projects offset gains in other areas to contribute to the overall month job losses.
“After 14 months of steady job gains, construction employment suffered in March,” said Ken Simonson, the association’s chief economist. “Except for multifamily construction, home building remains weak and governmentRead More
Associated General Contractors / March 6, 2015
Construction employers added 29,000 jobs in February and 321,000 over the past year, reaching the highest employment total in six years, as the sector’s unemployment rate fell to an eight-year low of 10.6 percent, according to an analysis by the Associated General Contractors of America. Association officials cautioned, however, that construction jobs in the highway and transit sector were at risk because of Washington gridlock.
“Despite challenging weather conditions in much of the country, both the number of workers and their average weekly hours rose last month to the highestRead More
Ken Simonton / Associated General Contractors
Construction market growth is projected to average between 6 and 10 percent per year in 2014 – 2017, according to Ken Simonton, economist for Associated General Contractors of America. In a recent Construction Market Outlook, Simonton provided an excellent macro-economic assessment of the landscape for commercial and residential developers and builders. Below are a few data points from the outlook. To view the entire report, click here.
- Total construction spending: +6% to +10% per year
- less SF housing, retail; declining public spending
- new drivers: shale-based