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Ken Simonson
Verified
Chief Economist and Writer, Constructor Magazine
Arlington
Beats
Sports
knitting, crowd surfing
Content
By Ken Simonson| Construction Citizen@ Input prices for new nonresidential construction rose 0.4% March, not seasonally adjusted, following upwardly revised gains of 0.6% in February and 0.8% in January, according producer price index (PPI) data the Bureau of Labor Statistics posted today. The three-month change totaled 1.9% (an annualized rate of 7.9%), the most since March 2023. Outsized one-month increases occurred in the PPIs for steel mill products, 7.1%; aluminum mill shapes, 5.1%; and lumber and plywood, 2.7 %.
Construction Employment Rises in February But Annual Growth Slows, Tariffs Hit With Multiple Impacts
By Ken Simonson| mycnr.com@ |Image courtesy of AGC of AmericaBy KEN SIMONSONConstruction employment, seasonally adjusted, totaled 8.313 million in March, a gain of 13,000 from February and 143,000 (1.8 percent) year-over-year (y/y), according to AGC’s analysis of data BLS. The y/y growth slowed from 239,000 (3 percent) a year ago.
By Ken Simonson| Construction Citizen@ Input prices for new nonresidential construction rose 0.4% March, not seasonally adjusted, following upwardly revised gains of 0.6% in February and 0.8% in January, according producer price index (PPI) data the Bureau of Labor Statistics posted today. The three-month change totaled 1.9% (an annualized rate of 7.9%), the most since March 2023. Outsized one-month increases occurred in the PPIs for steel mill products, 7.1%; aluminum mill shapes, 5.1%; and lumber and plywood, 2.7 %.
Company Info
Constructor Magazine
The Associated General Contractors of America (AGC) is a leading trade association in the U.S. construction industry, established in November 1918. Headquartered in Arlington, Virginia, the AGC was formed to address construction sector challenges during World War I and has since evolved into a prominent advocate for the industry. AGC offers a variety of services to its members, including advocacy and lobbying efforts with government agencies, educational programs, and training sessions to enhance industry skills. It also provides networking opportunities through a nationwide network of chapters and access to market intelligence for informed business decisions. The AGC represents over 6,500 general contractors, more than 9,000 specialty-contracting firms, and over 10,500 service providers and suppliers across the country.
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Founded: 1918