Tag: nonresidential construction
The construction industry added 23,000 jobs in June, according to the Associated Builders & Contractors (ABC). ABC also notes that nonresidential construction spending was down 0.2 percent in May.
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Dodge Construction Network’s Sarah Martin projects how markets will fare in the second half of 2023 and into 2024.
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Although labor shortages and rising interest rates still pose challenges, economists from several agencies explain that in most areas the industry continues to thrive.
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Total construction starts rose 8 percent in May to a seasonally adjusted annual rate of $1.11 trillion, according to Dodge Construction Network.
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FMI Capital Advisors’ George Reddin, Rob Mineo and Evan Coughlin explain why producers are positioned well as they begin their core operating season.
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Dodge Construction Network’s Richard Branch points out subsectors that are helping to boost the nonresidential as a whole.
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While the construction industry added jobs in April, the Associated Builders & Contractors’ (ABC) Anirban Basu says signs of a weakening economy are surfacing.
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Says Dodge Construction Network’s Sarah Martin: “Lending standards for small banks in particular have substantially tightened as banking insecurity intensifies.”
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The Associated Builders & Contractors (ABC) report that nonresidential construction spending increased 0.4 percent in Feburary.
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