A new study reveals a high demand for home improvements across the East Coast. New Jersey was the state spending the most on home improvements, totaling 5.1% of the median household income.
Union Programs Excel at Training, Diversity and Student Debt
August 3, 2023
Union apprenticeship programs in Michigan’s construction industry deliver more training hours, better diversity outcomes, and no student debt while delivering earnings for graduates that achieve near parity with comparable workers with four-year college degrees.
U.S. construction spending increased in June and the prior month's data was revised higher, boosted by spending in both single-family and multifamily housing projects.
While there are several risks facing the U.S. economy and the construction sector in 2023, the most pressing concern is the ongoing battle over raising the debt ceiling, which could have significant repercussions for government spending and overall economic stability.
Thedata indicates greatly diminished pricing power among wholesalers and others, according to Associated Builders and Contractors Chief Economist Anirban Basu.
National nonresidential construction spending increased 0.4% in February, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $982.2 billion for the month.
Although high construction costs and elevated interest rates continue to hamper housing affordability, builders expressed cautious optimism in March as a lack of existing inventory is shifting demand to the new home market.
Associated General Contractors of America officials said a lack of clear guidance from officials in Washington is delaying expenditures on much-needed infrastructure and energy projects.
