Associated General Contractors (AGC) of America released a recent analysis stating the multi-family, private non-residential, and public sectors of construction spending experienced strong growth in January.
An Associated General Contractors (AGC) study found an increase in overall construction spending in 2015 and another miniscule increase in December, showing spending slowed in the second half of the year.
Analysis by the Associated General Contractors of America (AGC) found unemployment levels in the construction industry in August were at the lowest they have been since 2001. In August, employment totaled 6,388,000—the highest it has been since February 2009—and the number of unemployed construction workers totaled 525,000.
As the U.S. economy continues to recover, the construction industry has been a big beneficiary. Overall construction spending in the United States jumped 2.2 percent in April to an annual rate of $1 trillion—the highest level since November 2008.