Vol. 23, No. 11 March 20-24, 2023 Construction employment climbs in 45 states in February; Dodge, ConstructConnect reports diverge
State construction employment growth in February Seasonally adjusted construction employment rose from February 2022 to February 2023 in 45 states and declined in five states and the District of Columbia, according to AGC’s analysis of data BLS posted today… Read more
Dodge construction starts Two reports on construction starts in February point in different directions for the first two months of 2023 compared to the same months of 2022. Vagaries of winter weather mean that underlying trends may be measured better year-to-date than by comparing single months… Read more
ConstructConnect construction starts The value of construction starts in current dollars increased 7.8% year-to-date in January and February compared to the first two months of 2022, data firm ConstructConnect reported on March 17… Read more
ABI continues to declineThe Architecture Billings Index (ABI) registered a score of 48.0 in February, down from 49.3 in January and the fifth-straight reading below 50, the American Institute of Architects (AIA) reported on Wednesday. AIA calls the index “a leading economic indicator that leads nonresidential construction activity by approximately 9-12 months.”… Read more