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 Builders and Contractors, Inc. / Dec 5, 2014
The U.S. construction industry added 20,000 jobs in November, with nonresidential construction contributing 4,900 of them, according to the Bureau of Labor Statistics preliminary estimate released Dec. 5. October’s overall construction estimate was revised downward from 12,000 to 7,000 net new jobs and nonresidential construction lost 2,100 jobs in October, after revisions.
“Nonresidential construction added nearly 5,000 jobs in November and the outlook remains positive,” said Associated Builders and Contractors Chief Economist Anirban Basu. “It is important to noteRead More
Associated Builders and Contractors Inc / October 30, 2014
Nonresidential fixed investment grew 5.5 percent in the third quarter after expanding 9.7 percent in the second quarter, according to the Bureau of Economic Analysis’ Oct. 30 gross domestic product (GDP) report. It has now expanded by greater than 5 percent in four of the past five quarters. In addition, investment in equipment increased 7.2 percent, while investment in nonresidential structures increased 3.8 percent.
Real gross domestic product (GDP) expanded 3.5 percent (seasonally adjusted annual rate) during the third quarter, following a 4.6 increase in the second quarter.
Alex Carrick / Reed Construction Data / August 13, 2014
Below are six graphs recording 12-month moving averages of Reed’s non-residential construction starts.
When the value of the current month is higher than for the same month a year ago, the line will turn up; when lower, it will dip.
String a couple of similar positive or negative directional changes together over several months and one has a trend.
And that’s what the graphs are designed to do, show improving or deteriorating trends in a dozen major and more granular categories of construction work.Read More
ABC, Inc. / August 1, 2014
Nonresidential construction spending fell in June after posting significant growth during the prior two months, according to the Aug. 1 release from the U.S. Census Bureau. Nonresidential construction spending fell 2.8 percent on a monthly basis in June, but has risen 4.6 percent on a year-over-year basis. Spending for the month totaled $588.8 billion on a seasonally adjusted, annualized basis, while the government revised the estimate for nonresidential construction spending in May from $596.2 billion to $605.6 billion.
“The monthly decline in spending should not be cause for significantRead More