Construction Economic News

Producer Price Indexes (PPIs) for Construction Materials, Structure Types and Subcontractors - October

Jim Young — Tue, 16 Nov 2010 17:47:58 +0000

RISING MATERIALS PRICES, FLAT PRICES FOR FINISHED PROJECTS SQUEEZING HARD-HIT CONSTRUCTION INDUSTRY, ECONOMIST NOTES Latest Producer Price Index Figures Show Nearly 5 Percent Annual Increase in Prices for Construction Materials While Price Index for Finished Buildings Remained Flat Construction contractors continue to be squeezed by rising prices for key construction materials and flat prices for what they [...]

GDP, structures investment grow; construction prices, compensation costs rise

Jim Young — Fri, 29 Oct 2010 20:10:02 +0000

Real (net of inflation) gross domestic product increased 2.0% in the third quarter of 2010 at a seasonally adjusted annual rate, up from 1.7% in the second quarter, according to the advance estimate today by the Bureau of Economic Analysis. Real investment in private nonresidential structures rose 3.9% after falling for eight straight quarters. Real [...]

Metropolitan Area Construction Employment - September

Jim Young — Thu, 28 Oct 2010 14:02:49 +0000

CONSTRUCTION EMPLOYMENT DECLINES IN 236 OUT OF 337 METROPOLITAN AREAS BETWEEN SEPTEMBER 2009 & 2010 Chicago and Napa, California Lose Most Jobs for the Year while Hanford-Corcoran, California and Columbus, Ohio Top List of Metro Areas Adding Jobs Construction employment declined in 236 out of 337 metropolitan areas between September 2009 and September 2010 according [...]

Most states shed construction jobs; MHC starts fall but AIA, NABE outlooks brighten

Jim Young — Tue, 26 Oct 2010 14:47:51 +0000

Seasonally adjusted nonfarm payroll employment rose in 16 states and the District of Columbia and declined in 34 states between August and September, the Bureau of Labor Statistics (BLS) reported on Friday. Over the past 12 months, employment increased in 32 states plus D.C. and dropped in 18 states. The unemployment rate fell in September [...]

State Construction Employment - September

Jim Young — Fri, 22 Oct 2010 17:11:23 +0000

CONSTRUCTION EMPLOYMENT DECLINES IN 31 STATES BETWEEN AUGUST AND SEPTEMBER AS INDUSTRY CONTINUES TO SUFFER Minnesota and Hawaii Add Most Construction Jobs, While California and Rhode Island Lose the Most Construction Jobs During the Past Month; Only Ten States Added Construction Jobs During the Year Construction employment declined in 31 states between August and September, while [...]

Producer Price Indexes (PPIs) for Construction Materials, Structure Types and Subcontractors - September

Jim Young — Fri, 15 Oct 2010 18:38:59 +0000

AGC has compiled tables of PPIs for construction materials and segments as well as analysis. The data is from the Bureau of Labor Statistics monthly report and covers over 50 construction specific data series.

PPI shows ongoing cost squeeze; recent price moves are mixed; Reed says starts sag

Jim Young — Fri, 15 Oct 2010 15:01:38 +0000

The producer price index (PPI) for finished goods increased 0.3%, not seasonally adjusted (0.4%, seasonally adjusted), in September and 4.0% over the past 12 months, the Bureau of Labor Statistics (BLS) reported on Thursday. The PPI for inputs to construction, a weighted average of materials used in every type of project plus items consumed by [...]

Construction sheds jobs in Sept.; rents, vacancies improve; FHWA unveils cost index

Jim Young — Mon, 11 Oct 2010 19:49:44 +0000

Construction employment fell by 21,000 (0.4%), seasonally adjusted, in September to 5,604,000, the Bureau of Labor Statistics (BLS) reported on Friday. The industry has added only 19,000 jobs on net since reaching a low in February, whereas the overall private sector has added jobs for nine straight months. Over the past 12 months, the industry [...]

Construction Employment - September

Jim Young — Fri, 08 Oct 2010 15:08:39 +0000

CONSTRUCTION EMPLOYMENT NEAR 14-YEAR LOW AS 21,000 INDUSTRY JOBS LOST IN SEPTEMBER, UNEMPLOYMENT RATE CLIMBS TO 17.2 PERCENT Construction Industry Unemployment At Highest September Rate Ever Recorded as Sector Suffers from Private, State and Local Funding Declines and Unclear Federal Funding Plans The number of people working in construction is approaching a 14-year low now that the [...]

Federal money boosts construction spending; more metros gain jobs; input costs rise

Jim Young — Fri, 01 Oct 2010 20:02:00 +0000

Construction spending edged up 0.4% in August to $812 billion at a seasonally adjusted annual rate but remained 10% below the August 2009 level, the Census Bureau reported today. The good news was limited to public construction, which climbed 2.5% for the month, although it was down 1.0% year-over-year. Based on categories with increases, the [...]