Construction Spending Up Slightly in March The U.S. government is reporting that total construction spending in March, 2022 was at a seasonally adjusted annual rate of $ 1,730.5 billion, which is 0.1% higher than February’s revised estimate and 11.7% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of
Construction Spending Up 0.5% in February The U.S. government is reporting that total construction spending in February, 2022 was at a seasonally adjusted annual rate of $ 1,704.4 billion, which is 0.5% higher than January’s revised estimate and 11.2% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of
Construction Industry Adds 60k Jobs In February According to recent data from the Associated General Contractors of America, construction employment increased by 60k jobs between January and February, 2022, marking the steepest pace in nearly 40 years. AGC officials said the industry will need to hire hundreds of thousands of additional workers in each of
Nearly One-Third of Houses for Sale Are New Construction A new report from Redfin says the share of newly built single-family homes on the market at the end of 2021 was at a record high as builders try to keep up with surging demand. In addition, Redfin said that more than 34.1% of single-family homes
Sawmill Output Continues to Hamper Home Construction We recently posted about soaring lumber prices and their impact on the cost of a new home, not to mention many other segments of the industry that uses the input. So what are some of the contributing factors? A recent report from the NAHB’s Eye on Housing says
Construction Spending Up Slightly in November The U.S. government is reporting that total construction spending in November was at a seasonally adjusted annual rate of $ 1,625 billion, which is up 0.4% from October’s revised estimate. However, November’s figure is 9.3% higher than one year ago. Residential construction was at a seasonally adjusted annual rate
