Trends

Contractors Optimistic About Commercial Construction

Commercial construction is in high demand across the U.S. and contractors remain optimistic about the health of the sector, according to the Q3 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index. Nearly all contractors surveyed this summer (95 percent) expect … Continue reading

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Majority of States Increase Construction Employment in August

Thirty states added construction jobs from July to August, while 34 states and the District of Columbia increased employment in the sector between August 2016 and August 2017, according to the Associated General Contractors of America’s analysis of Labor Department … Continue reading

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Momentum Index Dips in August

The Dodge Momentum Index fell 2.4 percent in August to 129.1 (2000=100) from its revised July reading of 132.2. The decline can be attributed to an 8.7-percent drop in the commercial component of the index, while the institutional category rose … Continue reading

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New Construction Increases in July

The value of new construction starts in July increased 6 percent from June to a seasonally adjusted annual rate of $728.1 billion, according to Dodge Data & Analytics. Residential building in July increased 8 percent, as multifamily housing rebounded after … Continue reading

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Economist: U.S. Construction to Grow 4.5 Percent in 2017

ConstructConnect revised its U.S. construction starts growth projection for 2017, according to the firm’s third quarter forecast report. It projects construction starts will grow by 4.5 percent in 2017 compared to 2016. ConstructConnect previously predicted a 4.8-percent increase in its … Continue reading

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