Construction industry employment increased by 23,000 in June, according to an Associated Builders and Contractors analysis of data released July 7 by the U.S. Bureau of Labor Statistics. Industry employment has risen by 198,000...
Associated Builders and Contractors reported July 11 that its Construction Backlog Indicator remained unchanged at 8.9 months in June, according to an ABC member survey conducted June 20 to July 5. The reading is...
Solid demand, a lack of existing inventory and improving supply chain efficiency helped shift builder confidence into positive territory for the first time in 11 months. Builder confidence in the market for...
Total construction spending in May increased by 0.9% from April and 2.4% year-over-year as gains in manufacturing construction and single-family homebuilding offset a downturn in major infrastructure segments, according to a July 3 analysis...
The June 2023 Monthly Confidence Index for the Equipment Finance Industry, produced by Equipment Leasing & Finance Foundation, reports a qualitative assessment of both the prevailing business conditions and expectations for the future as...
Capstone Partners, a middle market investment banking firm, released its May 2023 Construction Services Sector Update, reporting that elevated construction spending, increased project backlogs and continued employment growth have driven acquisition activity. While macroeconomic...
The construction sector added 25,000 jobs in May while the sector’s unemployment rate fell to its second lowest rate for the month and pay levels in the industry continued to rise, according to an...
The Marcum Commercial Construction Index for the first quarter of 2023 reports that the construction industry retains momentum despite still-elevated inflation and ongoing labor shortages. Despite that momentum, the combination of high interest rates...
The National Association of Home Builders redesigned its Multifamily Market Survey in the first quarter of 2023 to make it easier to interpret and more similar to the NAHB/Wells Fargo Housing Market Index for...
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