Construction spending dips slightly, still shows improvement over a year ago
Construction spending in January made modest gains over levels in January 2014, but slipped from a six-year high in December, according to an analysis of Census Bureau data by the Associated General Contractors of America (AGC).
Construction Employment At Highest Level in 6 Years
Construction firms added 39,000 jobs in January, lowering the industry employment rate to 9.8 percent, according to an analysis by the Associated General Contractors of America (AGC).
Construction Spending Returns to 2008 levels, AGC Analysis Says
At the end of 2014, construction spending reached $982 billion, its highest level since 2008, according to an analysis of Census Bureau data by the Associated General Contractors of America (AGC).
Spending on U.S. construction projects is at its highest point since the economic downturn year of 2008, according to the Associated General Contractors of America, reaching $961 billion.
Despite weather-related problems at the beginning of 2014, construction spending rose dramatically for the rest of the year, and looks to continue that trend this year and next, according to the Consensus Construction Forecast.
2014 Ends With Increases In Construction Employment
The construction industry’s atmosphere of optimism about increasing numbers of jobs was borne out by employment gains in December of last year, according to an analysis by the Associated General Contractors of America (AGC).