Economic News

2023 June

Construction Firms Add 15,000 Jobs in April

The construction sector added 15,000 jobs in April while the sector’s unemployment rate fell to a record low for the month and the number of unfilled construction positions is close to a monthly high,...

2023 June

Construction Materials Prices Rise 0.5% in April

The price of materials and services used in nonresidential construction increased 0.5% from March to April, while an index that measures contractors’ bid prices declined 0.3%, according to an analysis by the Associated General...

2023 May

ABI Slowdown Continues into February

More architecture firms reported a decline in billings in February, indicating an extension of a recent downturn in design activity according to a March 23 report from The American Institute of Architects.      ...

2023 May

Total Construction Moves Higher in February

Total construction starts rose 6% in February to a seasonally adjusted annual rate of $912.8 billion, according to Dodge Construction Network. During the month, residential and nonresidential building starts rose 11% and 9% respectively,...

2023 May

Dodge Momentum Index Drops in March

The Dodge Momentum Index, issued by Dodge Construction Network, slipped 8.6% in March to 183.7 (2000=100) from the revised February reading of 201.0. In March, the commercial component of the DMI fell 6.6%, and...

2023 May

Construction Sector Sheds 9,000 Jobs in March

The construction sector shed 9,000 jobs in March, the first decrease since January 2022, even as the sector’s unemployment rate fell and total number of job openings in the sector hit a near-record high,...