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Residential Construction Employment Growth Kicked into High Gear in November

November residential hiring grew by 32,100 jobs, the largest single pickup in the post-recession period

December 9, 2015

The construction sector hiring rate increased to 5%, hovering at rates set in the spring of 2015. The quits rate for construction fell to 1.4%.

ABC Expects Growth in 2016 Nonresidential Construction, Employment and Backlog

Associated Builders and Contractors economist predicts 2015's solid economic recovery should continue in 2016, with 7.4% growth in nonresidential construction

December 9, 2015

'ABC’s leading indices each suggest that 2016 will be another solid year for the typical U.S. nonresidential construction firm. ABC’s Construction Confidence Index encompasses expectations with respect to hiring, profit margins and projected sales growth. According to the most recent survey, overall contractor confidence has increased with respect to both sales (67.3 to 69.4) and profit margins (61 to 62.9).'

Private Residential Construction Spending Up Nearly 2% in October

Private single-family spending was up by 1.6% over the revised September estimate; private multifamily spending was up by 1.4%

December 2, 2015

On a month-over-month basis, private single-family spending was $226 billion, up by 1.6% over the revised September estimate. Private multifamily spending increased to $58 billion, up by 1.4%.

Nonresidential Construction Index Drops to Lowest Score since 2013

FMI’s Nonresidential Construction Index for Q4 2015 falls 4 points as U.S. economic recovery tapers and the construction industry heads into the winter season

November 30, 2015

Despite the panel of construction professionals scoring fourth-quarter 2015 expectations four points lower than the third-quarter forecast, FMI's Nonresidential Construction Index remains in growth mode, above 50.

Residential Construction Spending Continues to Rise on Multifamily Construction Strength

Spending on multifamily construction was up 27% from one year ago; single-family construction spending up 13% compared to 2014

November 3, 2015

On a month-over-month basis, private single-family spending was $222 billion, up by 1.3% over the revised August estimate. Private multifamily spending increased to $57 billion, up by 5%.

NY Building Congress Predicts Construction Spending to Hit Record High in 2016

Residential construction will lead NYC to break $40 billion in 2016 for first time in city's history

November 2, 2015

New Construction Starts Predicted to Grow 6% in 2016

Residential predicted to rise 16%, nonresidential up 9% but nonbuilding construction sector to decline 14%

November 2, 2015

Skilled Labor Shortage Expands to Impact 86% of Contractors

FMI’s 2015 Talent Development Survey in Construction reveals intensifying labor shortages, widening gap between employer offerings and employee expectations and lack of development processes

October 15, 2015

The portion of all companies in the Engineering & Construction business segment that report experiencing skilled-labor shortages increased from 53% two years ago to 86%.

Construction Contractor Confidence Climbed Steadily in First Half of 2015

Expectations for sales and profit margins continue to edge upward, while staffing intentions eased slightly

October 15, 2015

Nonresidential construction confidence has been up for the past 30 months.

Construction Toolbox

unCommon Construction Nonprofit Educates Youth Through Construction Industry Opportunities

Four-month residential construction apprenticeship program aims to prepare high school students with technical and "soft skills" needed for success after graduation

October 8, 2015

unCommon Construction is currently building its first house in partnership with New Orleans Area Habitat for Humanity.

Residential Construction Spending Up in August

Private single-family spending was up by 0.7% over the revised July estimate; private multifamily spending was up by 4.8%, reversing the decline in July

October 2, 2015

Annually, multifamily spending rose 25% from the revised August 2014 estimate, and spending on single-family construction was 14% higher.

Global Power Rental Market Predicted to Grow 13% Per Year to Reach $21.3 Billion by 2020

The report "Power Rental Market - Global Trends & Forecasts to 2020," predicts growth from an estimated $11.6 Billion in 2015 to $21.3 Billion by 2020, at a CAGR of 12.9% during the forecast period.

September 30, 2015

Number of Residential Construction Builders Dropped 50% Between 2007 and 2012

Latest tally is the lowest number of builders reported by the Economic Census since 1997

September 14, 2015

According to this official count, the number of establishments whose primary activity is new residential construction fell from 98,067 in 2007 to 48,557 in 2012, a dramatic 50% decline.

Construction Industry Hiring Rate Continues Five Month Decrease

Construction sector hiring rate declined 4.9% in July, continuing the decreases that began in March

September 10, 2015

On a three-month moving average basis, the open position rate for the construction sector held constant at 2.1% for July. The construction sector hiring rate, as measured on a three-month moving average basis, declined to 4.9% in July, continuing decreases in the rate of hiring that began in March. The quits rate for construction held at 1.7% in July.

Drop in Nonresidential Construction Employment No Cause for Concern

Despite losing 700 jobs in August, nonresidential construction employment is up 38,800 jobs for the year

September 8, 2015

Nonresidential construction employment fell by 700 jobs in August after losing 5,600 jobs in July and 800 jobs in June. Despite the recent slide, nonresidential construction employment is still up 38,800 jobs for the year.

Strongest 12-Month Growth for Nonresidential Construction Spending Since 2008

Nonresidential construction spending is up 12.7% since July 2014 to $696.1 billion

September 2, 2015

On a seasonally adjusted, annualized basis, nonresidential construction spending totaled $696.1 billion in July, which is the best reading since March 2009. Additionally, June’s estimate was upwardly revised 0.9% from $686.9 billion to $692.8 billion.

Private Residential Construction Spending Continues Upward Pace

Private single-famiy spending was up 2.1% in July to $218 billion; NAHB anticipates accelerating growth for single-family spending in 2015

September 1, 2015

The NAHB-constructed spending index indicates recent gains have been driven by the steady increase in multifamily construction spending. The pace of the multifamily spending is gradually slowing, but NAHB anticipates accelerating growth for single-family spending in 2015.

10 Trends Defining the Construction Industry Right Now

Shortage of qualified labor and use of technology on the jobsite top the major trends in the construction industry right now

August 26, 2015