News

Construction employers added 48,000 jobs for the year — making a total of 290,000 for the year — bringing unemployment in the sector down to 8.3%, according to an analysis by the Associated General Contractors of America (AGC).

While the heads of U.S. engineering remain positive about business prospects, “their confidence is fraying at the edges,” according to a press release from the American Council of Engineering Companies announcing the council’s Engineering Business Index (EBI).

Construction spending declined in November, but 2014 is still on track to beat 2013’s expenditures, according to an analysis by the Associated General Contractors of America.

Contractors interviewed by the Association of General Contractors for its new report Ready To Hire Again: The 2015 Construction Hiring And Business Outlook don’t just say they’re confident in the coming year: They’re putting their money behind it, with 80 percent planning to expand their payrolls.

Although its pace slowed slightly, November’s Architectural Billings Index increased for the seventh consecutive month.

Tax Increase Prevention Act of 2014 – HR 5771

In a positive sign for Concord’s clients in the architecture industry. The American Institute of Architects’ Architecture Billings Index has softened a little bit, but remains positive.

While it did not increase as inn the past two months, the October Architectural Billings Index showed continued growth in architectural billings.

Citing the “shale gale” — the increased production of North American shale oil and its downstream effects — a rise in residential construction (especially multi-family) and work on the Panama Canal, Ken Simonson, chief economist for the Associated General Contractors of America, said he foresees strong construction growth for 2015.