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US Construction Spending: December 2015
The US Census Bureau of the Department of Commerce announced Monday that construction spending during December 2015 was estimated at a seasonally adjusted annual rate of US$1,116.6 billion, 0.1 per cent above the revised November estimate of US$1,116.0 billion. The December figure is 8.2 per cent above the December 2014 estimate of US$1,031.6 billion. The…
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US Residential Construction Employment
The count of unfilled jobs in the overall construction sector increased in November, as hiring in the home building sector accelerated. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis Tuesday, the number of open construction sector jobs (on a seasonally adjusted basis) increased to 135,000 in November from 121,000…
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US Residential Construction Employment
The count of unfilled jobs in the overall construction sector increased in November, as hiring in the home building sector accelerated. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis Tuesday, the number of open construction sector jobs (on a seasonally adjusted basis) increased to 135,000 in November from 121,000…
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US Construction Employment: September 2015
The count of construction job openings declined in September as hiring in the home building sector remained slow. The average monthly employment gain for builders and remodelers has been approximately 4,700 over the last six months. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction…
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US Architecture Billings Index: July 2015
The Architecture Billings Index (ABI) is reflecting healthy and sustained demand for design services in nearly all nonresidential project types, the American Institute of Architects (AIA) said Wednesday. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The AIA…