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Construction Spending US: May 2015
The Census Bureau reported Wednesday that overall construction spending in the US increased in May: The US Census Bureau of the Department of Commerce announced that construction spending during May 2015 was estimated at a seasonally adjusted annual rate of US$1,035 billion, 0.8 per cent above the revised April estimate of US$1,027 billion. The May…
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US Construction Job Openings: April 2015
The number of open, unfilled construction sector positions has been elevated during 2015. According to the BLS Job Openings and Labor Turnover Survey and NAHB analysis, construction sector jobs declined from 168,000 to 153,000 in April from March. However, the 168,000 estimate for March was upwardly revised from a preliminary reading of 147,000. Construction Jobs,…
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US Architecture Firm Billings: April 2015
After a soft 1Q resulting largely from severe weather across parts of the Northeast and Midwest, expectations were that design billings at architecture firms would rebound in 2Q, said the American Institute of Architects May 20. At 48.8, the April ABI national score reflected a steeper retrenchment than any of the first three months of…
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US Architecture Billings Index: March 2015
For the second consecutive month, the US Architecture Billings Index (ABI) has indicated a “modest increase” in design activity in March. The American Institute of Architects (AIA) reported the March ABI score was 51.7, up from a mark of 50.4 in February. The new projects inquiry index was 58.2, up from a reading of 56.6…
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US Architecture Billings Index: February 2014
Architecture Billings Index was at 50.4 in February, up from 49.9 in January, the American Institute of Architects said Wednesday. The new projects inquiry index was 56.6, down from a reading of 58.7 the previous month. New project inquiries, though indicating growth, were at their slowest pace of increase in two and one-half years. …