Page 2 - Ken Simonson News Today

Construction-in-progress spending climbs higher, with Top 25 firms accounting for 60%, as economists predict a megaproject boom will compound resource challenges.

Some types of CRE, like offices, are suffering, but industrial is strong. A steep downturn may jolt regional banks as well as property owners.

The construction industry added 39,000 jobs nationwide in March — the most since January 2023 — according to the Associated General Contractors of America’s most recent analysis of Bureau of Labor Statistics data. Construction employment in March totaled 8.2 million workers.

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.

Amid ongoing labour shortages in the booming US construction market, employers body the Associated General Contractors of America (AGC) has urged the federal government to “narrow the substantial gap” between what it spends on training for construction and what it spends “urging most students to go to college and work in an office environment”.

Students learned firsthand the skills needed for careers in construction and engineering at a Rosendin-sponsored TRF Camp Build in Austin, Texas this past summer, with others across the U.S. providing similar support.

The value of nonresidential construction put in place in February totaled a seasonally adjusted $1.03 billion, according to the U.S. Census Bureau.

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.