Current developments affecting project demand, housing, materials, labor, financing and trade-specific operating pressure. Updated as the evidence changes.
July construction spending fell 0.5% from June and 3.8% from a year earlier, with private residential weaker than private nonresidential.
MixedHousingAugust housing starts fell 2.6% overall, while single-family starts rose 7.6% from July.
AcceleratingCostsProducer prices for materials and components used in construction were up 5.1% year over year in August.
DevelopingLaborSpecialty trade contractors added about 11,200 jobs in August, reaching roughly 5.28 million workers.