Construction Economics

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Job losses in nonresidential segments outpaced gains in residential sector.

Pandemic-related material delays continue to plague construction even as the labor shortage reaches pre-pandemic levels.

All construction sectors gain, but economists see material price spikes and other risk factors ahead.

Compared to three-month pre-virus average, total bid volume in Autodesk's BuildingConnected platform rose 36% in January, an all-time high.

Specialty trade contractors saw the greatest job losses while the industry jobless rate worsened on monthly, year-over-year measures.

AGC survey of 1,300 member firms shows most contractors expect demand for new construction to fall in 2021.

If you think the election is tough to sort out, wait until Congress turns to fixing the economy.

Industry's workforce remains at 294,000, or 3.8%, below February's pre-pandemic level.