Construction spending rose to a seasonally adjusted annual rate of $1,273.1 in February. This was just 0.1% above January’s estimate which was revised up from $1,262.8 billion to $1,272.2 billion. December’s estimate was also revised up from to $1,262.7 billion to $1,272.6 billion. Construction spending for February 2018 was 3.0% higher year-over-year compared to the […]

The Architecture Billings Index (ABI) delivered a solid score of 52.0 in February. This is down a bit from January’s score of 54.7, but still reflects an increase in demand for design services since scores above 50 indicate an increase in billings, while scores below 50 indicate a decrease. This makes the fifth consecutive month […]

Construction spending remained flat in January, kicking off the year with a seasonally adjusted annual rate of $1,262.8. This is nearly identical to December’s estimate which has been revised up from $1,253.3 billion to $1,262.7 billion. November’s estimate of $1,245.1 billion has been revised back up to $1,252.1 billion. Construction spending for January 2018 was […]

The Architecture Billings Index (ABI) kicked off 2018 with a score of 54.7. This is up from December’s revised score of 52.8, marking the fourth consecutive month that there has been an increase in demand for design services. The ABI is a leading indicator of future construction activity with the average lead time between architecture […]

Construction spending rose 0.7% in December to close out the year at a seasonally adjusted annual rate of $1,253.3 billion, the highest it’s been all year. increased November previously held that distinction at $1,257.0 billion, but that figure has been revised down to $1,245.1 billion. October’s estimate was also revised down from $1,247.1 billion to […]

The construction industry has high employment projections and is expected to see substantial growth over the next few years. Construction and extraction occupations are expected to grow 11% between 2016 and 2026, faster than the 7% average forecast for all occupations. For construction and extraction, 758,400 new jobs are projected by 2026 according to the […]

Construction spending increased 0.8% in November to a record-high seasonally adjusted annual rate of $1,257.0 billion, according to the latest report from the U.S. Census Bureau. October’s estimate was revised up from $1,241.5 billion to $1,247.1 billion and September’s estimate was revised down up from $1,224.6 billion to $1,236.3 billion. Construction spending for November 2017 […]