JLL: Construction Industry Likely to See Positive 2024

JLL, Chicago, released its U.S. and Canada Construction Trends 2024 forecast, positing that the industry will have a positive 2024, but also acknowledging existing challenges.

January Construction Spending Down 0.1%

Construction spending in January fell slightly to a seasonally adjusted annual rate of $1,825.7, the Census Bureau reported Wednesday, marking the eighth straight monthly overall decline.

December Construction Spending Down 0.4%

The Census Bureau on Wednesday said December construction spending fell by 0.4 percent, with overall residential spending falling for the seventh straight month.

Construction Spending Up 0.2% Amid Growing Headwinds

The Census Bureau on Tuesday reported construction spending in November rose to a seasonally adjusted annual rate of $1,807.5 billion, 0.2 percent higher than the revised October estimate of $1,803.2 billion and 8.5 percent higher than a year ago.

September Job Openings Surge; Construction up 0.2%

Job openings in September jumped by more than a half-million from August, showing there are 1.9 job openings for every available worker, the Bureau of Labor Statistics said Tuesday in the first of four major jobs reports this week.

July Construction Spending Tapers

Construction spending fell in July, marking the second consecutive monthly drop, the Census Bureau reported Thursday.

June Construction Spending Down; Manufacturing Slows

Construction spending in June fell by more than 1 percent from May, the Census Bureau reported Monday. In a separate report, Institute for Supply Management, Tempe, Ariz., said its Manufacturing Index fell by 0.2 percent to a nearly two-year low.

April Construction Edges Up

Construction spending improved slightly in April, by 0.2 percent from March—but below expectations., the Census Bureau reported Wednesday.