Economic News

2023 May

ABI Slowdown Continues into February

More architecture firms reported a decline in billings in February, indicating an extension of a recent downturn in design activity according to a March 23 report from The American Institute of Architects.      ...

2023 May

Total Construction Moves Higher in February

Total construction starts rose 6% in February to a seasonally adjusted annual rate of $912.8 billion, according to Dodge Construction Network. During the month, residential and nonresidential building starts rose 11% and 9% respectively,...

2023 May

Dodge Momentum Index Drops in March

The Dodge Momentum Index, issued by Dodge Construction Network, slipped 8.6% in March to 183.7 (2000=100) from the revised February reading of 201.0. In March, the commercial component of the DMI fell 6.6%, and...

2023 May

Construction Sector Sheds 9,000 Jobs in March

The construction sector shed 9,000 jobs in March, the first decrease since January 2022, even as the sector’s unemployment rate fell and total number of job openings in the sector hit a near-record high,...

2023 May

Construction Input Prices Dip 0.1% in March

The price of materials and services used in nonresidential construction inched down 0.1% from February to March, as plunging fuel prices outweighed increases in the cost of other goods, according to an analysis by...

2023 April

Nonresidential Construction Spending Inches Higher in January

National nonresidential construction spending increased by 0.3% in January, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled...

2023 April

Total Construction Moves Higher in February

Total construction starts rose 6% in February to a seasonally adjusted annual rate of $912.8 billion, according to Dodge Construction Network. During the month, residential and nonresidential building starts rose 11% and 9% respectively,...