Ken Simonson

1 week ago | constructioncitizen.com | Ken Simonson

Input prices for new nonresidential construction rose 0.4% March, not seasonally adjusted, following upwardly revised gains of 0.6% in February and 0.8% in January, according producer price index (PPI) data the Bureau of Labor Statistics posted today. The three-month change totaled 1.9% (an annualized rate of 7.9%), the most since March 2023. Outsized one-month increases occurred in the PPIs for steel mill products, 7.1%; aluminum mill shapes, 5.1%; and lumber and plywood, 2.7 %.

2 weeks ago | mycnr.com | Ken Simonson

|Image courtesy of AGC of AmericaBy KEN SIMONSONConstruction employment, seasonally adjusted, totaled 8.313 million in March, a gain of 13,000 from February and 143,000 (1.8 percent) year-over-year (y/y), according to AGC’s analysis of data BLS. The y/y growth slowed from 239,000 (3 percent) a year ago.

2 weeks ago | constructioncitizen.com | Ken Simonson

Construction employment, seasonally adjusted, totaled 8,313,000 in March, a gain of 13,000 from February and 143,000 (1.8%) year-over-year (y/y), according to AGC’s analysis of data BLS posted today. The y/y growth slowed from 239,000 (3.0%) a year ago. Nonresidential construction employment (at building, specialty trade, and heavy and civil engineering construction firms) increased by 22,300 for the month and 129,000 (2.7%) y/y, compared to 163,600 (3.5%) a year earlier.

3 weeks ago | constructioncitizen.com | Ken Simonson

Construction spending (not adjusted for inflation) totaled $2.20 trillion in February at a seasonally adjusted annual rate, up 0.7% from January and up 2.9% year-over-year (y/y), the Census Bureau reported today. The y/y increases in February and January (2.7%) were the slowest since 2019. Private residential construction increased 1.3% for the month and 1.6% y/y. Single-family homebuilding climbed 1.0% for the month and owner-occupied improvements rose 2.0%.

1 month ago | constructioncitizen.com | Ken Simonson

Seasonally adjusted construction employment rose year-over-year (y/y) from January 2024 to January 2025 in 34 states and the District of Columbia, declined in 15 states, and was unchanged in Maine, according to AGC’s analysis of Bureau of Labor Statistics data posted on Monday. Texas added the most construction jobs (19,800 or 2.4%), followed by Florida (10,700, 1.7%), Ohio (8,400, 3.5%), South Carolina (8,100, 7.0%), and Idaho (7,700, 11%).