Key Takeaways

• National nonresidential construction spending increased 0.9% in October 2021.
• On a seasonally adjusted annualized basis, nonresidential spending totaled $814.2 billion for the month.
• “The bottom line is that 2022 should be an excellent year for nonresidential construction.

• Read more about Congress Passes a $1.2 Trillion Infrastructure Bill

According to data released today by the US Bureau of Labor Statistics, the national construction industry added 44,000 on net in October.

Key Takeaways

Key Takeaways

• National nonresidential construction spending declined 0.6% in September 2021.
• On a seasonally adjusted annualized basis, nonresidential spending totaled $791.2 billion for the month.
• “Many observers thought that America would have passed a meaningful infrastructure package by now.

According to data released today by the US Bureau of Labor Statistics, the national construction industry added 22,000 on net in September.

Key Takeaways

Key Takeaways

• National nonresidential construction spending declined 0.4% in August 2021.
• On a seasonally adjusted annualized basis, nonresidential spending totaled $788.6 billion for the month.
• “The nonresidential construction spending data are among the most interesting to monitor as the economy continues to wrestle with

TECHNOLOGY INVESTMENT FOR CHANGING TIMES

Article written by Nick Grandy, construction and real estate senior analyst, RSM US LLP, a member of AGC chapters, and published on https://www.constructormagazine.com/building-for-the-future/

According to data released last week by the US Bureau of Labor Statistics, the national construction industry lost 3,000 jobs on net in August.

Key Takeaways

Key Takeaways

• National nonresidential construction spending expanded only 0.1% in July 2021.
• On a seasonally adjusted annualized basis, nonresidential spending totaled $786.7 billion for the month.
• “While the headline number suggests that nonresidential spending was effectively flat in July, the figure does not adjust for inflation.

Article written by Ken Simonson, Chief Economist, AGC of America on the ConstructorMagazine.com.