In September, U.S. construction spending rose by 0.1% to $2.14T, with private residential projects driving a slight increase; public-sector construction grew by 0.5%, totaling $495.2B.
The Associated Builders and Contractors' fourth annual Construction Technology Report explores AI's impact on the construction industry; insights include a case study and resource guide to improve safety, quality, and profitability.
The expansive IKO site covers over 75 acres and will include an asphalt shingle production facility in its first stage. When the development reaches its full capacity, the manufacturing facility will expand to approximately 700,000 square feet.
As the racial and ethnic makeup of the United States has changed. the U.S. Census Bureau released a thumbnail of just how much gain people of color, and Latinos in particular, have made, according to 2020 Census data.
Approaching more stability after the volatility of the past couple of years, sales of new single-family homes in the US significantly corrected down in June, at 697,000 units, which is 2.5% lower than May's downwardly revised 715,000, but up almost 24% compared to June 2022.
Contractors have collectively added jobs in 15 of the past 16 months, with contractors expressing confidence in staffing levels increasing through the rest of 2023.