From Associated Builders & Contractors:
Friday, June 07, 2013 9:17 AM
With the summer building season underway, the nation’s
construction industry added 7,000 jobs in May as the unemployment rate dipped
to 10.8 percent, which is down from 13.2 percent in April and the lowest rate
since October 2008, according to U.S. Labor Department. Since May 2012, the
industry added 189,000 jobs, or 3.4 percent.
Link to full
article:
And, from FMI’s construction forecast:
Construction
Forecast
Although the strength of individual markets is shifting, our forecast
for total construction put in place for 2013 continues to show an increase of
8% over 2012 levels. The forecast total for construction in 2013 is $918,897
million, a solid improvement, but we don’t expect to return to the days of an-
nual construction above the trillion-dollar mark until 2015. The star of the
show is residential buildings with a 23% rise in single-family buildings. In
the early months of the Great Recession, it seemed that nonresidential
construction would manage to hold enough momentum to carry it through even
though residential construction was tanking. It might have made it if the
recession had been of the brief variety. We are now seeing a lag on the upside
as commercial, lodging and office construction finally start to pick up.
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