June’s Nonresidential Construction Starts +26% M/M, +11% Y/Y, and +5% YTD
ConstructConnect announced June 2023’s volume of nonresidential construction starts was $63.2 billion, up +25.5% versus May 2023’s $50.3 billion.
Construction Economic News
Where Are the Jobs That Are Driving the U.S. Unemployment Rate So Low?
The seasonally adjusted unemployment rate has been less than 4.0% for 15 months in a row, indicative of a labor market that’s about as tight ever.
Alex Carrick
Jun 30, 2023
PPI Suppressing Inflation, But So-So Helpful for Construction Material Costs
The average Producer Price Index for construction material costs has slid to -4.7% y/r. and the the PPI bid price index, remains positive +10.9% y/y.
Alex Carrick
Jun 22, 2023
Nonresidential Construction Starts Trend Graphs - May 2023
Below are six graphs recording 12-month moving averages of ConstructConnect’s nonresidential construction starts.
Alex Carrick
Jun 20, 2023
Top 10 Project Starts in the U.S. - May 2023
The accompanying table records the top 10 project starts in the United States for May 2023.
Alex Carrick
Jun 20, 2023
May’s Nonresidential Construction Starts +4% M/M, -30% Y/Y, and +2% YTD
ConstructConnect's May 2023 volume of nonresidential construction starts was $49.2 billion, up +4.3% versus April 2023’s figure of $47.1 billion
Alex Carrick
Jun 20, 2023
Shifts in Canada’s May Jobs Makeup Won’t Please Bank of Canada
In May 2023, Canadian construction employment stayed flat; manufacturing employment, though, climbed by +13,000 jobs.
Alex Carrick
Jun 9, 2023
Equanimity Over the Economy and a Crush on AI Stir up Stock Markets
North America’s major stock market indices are currently well up from the lows they reached in October of last year.
Alex Carrick
Jun 7, 2023
Winning More Work Starts Here: Expert Tips, Market Trends, and Data-Driven Construction Insights
ConstructConnect empowers construction professionals with data-driven insights, market trends, and expert analysis to help you build smarter and win more work. Our blog covers preconstruction strategies, economic forecasts, tech innovations, and industry best practices. Whether you're a contractor, subcontractor, architect, or supplier, stay informed and competitive with timely, expert content. Explore our latest articles and get the insights you need to stay ahead.