JLL, Chicago, released its 2026 Construction Perspective: Mid-Year Update, which finds construction cost escalation is accelerating.
Tag: Construction
State of the Nation’s Housing: High Costs, Slumping Demand Squeeze Housing
Affordability challenges and rising economic uncertainty are squeezing housing conditions for both owners and renters, the State of the Nation’s Housing report from the Harvard Joint Center for Housing Studies found.
Jobber Projects Home Services Growth Possible in Second-Half 2024
Home service software provider Jobber, Edmonton, Alberta, released its Home Service Economic Report for the second quarter, finding that consumer spending on home services, such as renovations, may grow in the second half of this year.
Construction Spending Dips Again in February
The U.S. Census Bureau reported construction spending dipped again during February to a seasonally adjusted annual rate of $2,091 billion, 0.3% below January’s $2,096 billion figure.
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.
Construction Spending Climbs Slightly
Construction spending rose 1.2% during April, the Census Bureau reported.
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.