Economic News

Townhouse construction remained elevated in the Q2 2024, as demand for medium-density housing continues to be solid despite slowing for other sectors of the housing industry.

The construction sector added 25,000 jobs in July as wage gains continued to outpace increases in the broader economy, according to an analysis of new government data from the Associated General Contractors (AGC) of America.

The Marcum Commercial Construction Index for the first quarter of 2024 reports that the construction industry continued growing despite various challenges. The index is produced by Marcum’s National Construction Services group.

The U.S. Department of Labor announced a final rule clarifying the rights of employees to authorize a representative to accompany an Occupational Safety and Health Administration compliance officer during an inspection of their workplace

The construction sector added 17,000 employees in December and continued to raise wages at a faster clip than other industries, the Associated General Contractors of America reported in an analysis of government data.

Research findings released Oct. 26 indicate construction contractors continue to make progress responding to issues affecting worker safety and health, such as heat and mental health, but many areas for improvement remain.