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Construction Spending Decreases By 0.3 Percent From April To May And 3.5 Percent Over 12 Months, Marking Largest Yearly Drop Since 2019
Public Sector Gains Offset by Continued Declines in Private Sector Construction Activity as Uncertainty about Tariffs, Taxes, and Labor Policy Prompt Developers to Reconsider or Delay Projects Construction spending fell for the fourth month in a row in May, declining 0.3 percent from April and 3.5 percent from a year earlier, the largest year-over-year decrease…
Read MoreOnly Half Of Metro Areas Add Construction Jobs From May 2024 To May 2025, As Owners Pause Or Cancel Work Amid Tariff And Policy Uncertainty
Arlington-Alexandria-Reston, Va.-W.Va. and Las Cruces, N.M. Again Lead in Number and Percentage of Yearly Job Gains, While Riverside-San Bernardino-Ontario, Calif. and Niles, Mich. Have Worst Declines Construction employment increased in 180, or exactly 50 percent, of 360 metro areas between May 2024 and May 2025, according to an analysis by the Associated General Contractors of America of new government employment data. Association…
Read MoreConstruction Employment Increases In 33 States And D.C. From May 2024 To May 2025; 27 States And D.C. Add Construction Jobs From April To May
Texas and New Mexico Have Highest 12-Month Gains, While California and Washington Have the Worst Yearly Losses; Michigan and Montana Top Monthly Gainers; Vermont, Virginia & California Have the Worst Declines Construction employment increased in 33 states and the District of Columbia in May from a year earlier, while 27 states added construction jobs between…
Read MoreConstruction Sector Adds 4,000 Jobs In May As Wages Rise And Firms Retain Workers, But Market Uncertainty Has Led To A Slowdown In Hiring
Increases in Nonresidential Construction Employment were Tempered by Declines in Residential Construction Jobs; Average Hourly Earnings Up 4.7 Percent as Unemployment Rate Falls to 3.5 Percent Construction sector employment increased by 4,000 positions in May as rising wages enabled the industry to add workers more rapidly than other sectors, according to an analysis of new government data…
Read MoreConstruction Spending Decreases By 0.4 Percent From March To April And 0.5 Percent Over 12 Months, Marking First Year-over-year Drop Since 2019
Private Nonresidential Investment and Homebuilding Decline as Uncertainty over Tariffs and Trade Friction Keeps Contractors and Owners Guessing about Costs and Demand for Upcoming Projects Construction spending fell for the third month in a row in April, declining 0.4 percent from March and 0.5 percent from a year earlier—the first year-over-year decrease since April 2019,…
Read MoreConstruction Jobs Increase In 184 Metro Areas Between April 2024 And April 2025, As Uncertainty And Labor Shortages Hold Employment Gains Back
Arlington-Alexandria-Reston, Va.-W.Va. and Las Cruces, N.M. Have Highest Job Gains over 12 Months, While Riverside-San Bernardino-Ontario, Calif. and Monroe, Mich. Experience Worst Job Losses Construction employment increased in 184 out of 360 metro areas, slightly more than half, between April 2024 and April 2025, according to an analysis by the Associated General Contractors of America of new government employment data. Association…
Read MoreConstruction Employment Increases In 32 States And D.C. From April 2024 To Last Month; But Only 24 States Added Jobs From March To April
Texas and New Mexico Have Highest 12-Month Gains, While Washington Has the Worst Yearly Losses; California and Virginia Top Lists of Monthly Gainers While Washington and Alaska Have the Worst Monthly Losses Construction employment increased in 32 states and the District of Columbia in April from a year earlier, but only 24 states added construction…
Read MoreKiewit Infrastructure’s Michael Svoboda Wins Inaugural Bowen Prize For Great Builders For His Field Leadership On Nashville’s Broadway Bridge
Association’s Education & Research Foundation Presented a $50,000 Check to Svoboda’s Alma Mater, the University of Wyoming’s Construction Management Program on His Behalf to Help Support Future Leaders Kiewit Infrastructure’s Michael Svoboda won the inaugural Bowen Prize for Great Builders from the Associated General Contractors of America in recognition of his field leadership during the…
Read MoreWatsonville, Calif.-based Granite Construction Awarded For Innovative Tailored AI Training Tool Designed To Pass Along Retirees’ Knowledge
Association Presents Firm with $7,000 to Help Share its New Tool that Uses Artificial Intelligence Makes Sure to Collect Insights from Senior Asphalt Paving Professionals before they Retire Watsonville, Calif.-based Granite Construction awarded for its development of an innovative AI-powered training tool, called Asphalt Guru – designed to address the looming retirement of experienced asphalt…
Read MoreConstruction Sector Adds 11,000 Jobs In April But New Tariffs Threaten To Drive Up Construction Costs, Cause Project Owners To Put Plans On Hold
ndustry Adds Jobs at Faster Rate than Overall Economy as Average Hourly Wages Outpace Rise in Private Sector Earnings; Construction Unemployment Rate of 5.6 Percent Matches Year-Ago Level Construction sector employment increased by 11,000 positions in April as rising wages enabled the industry to add workers more rapidly than other sectors, according to an analysis of new…
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