Marcum Commercial Construction Index sees surge coming

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Marcum Commercial Construction Index sees surge coming

Keep up with the latest from CCR-Mag.com

Fill out the form Below

The Marcum Commercial Construction Index for the first quarter of 2019 reports the highest levels of private nonresidential construction spending ever recorded. The index is produced by Marcum’s National Construction Services group.

Bolstered by increasingly strong spending in manufacturing construction, private nonresidential construction spending reached $460 billion in March, on a seasonally adjusted, annualized basis. This represented a gain of 2.1% from a year earlier. Manufacturing construction spending was $70.3 billion for the month, up 10.3%.

Public construction spending in March increased 9 percent year-over-year, to $314.6 billion. Spending in the highway and street category expanded 13.4 percent, surpassing power as the largest nonresidential construction subsector.

Spending in all 16 nonresidential construction subsectors totaled $775.2 billion in March, up 4.8% from a year ago. The greatest percentage gains were in water supply (13.8%), conservation and development (13.5%), and highway and street (13.4%). Only three subsectors—commercial, religious, and communication – registered declines for March as compared to a year earlier.

Nonresidential construction added 32,400 net new jobs in April and 163,000 year-over year. In parallel, the industry’s unemployment rate continued to fall, dropping 2.2 percentage points in April from the same month a year ago. The 4.7% unemployment rate in April was the lowest construction unemployment recorded for any April since the Bureau of Labor Statistics began reporting this statistic in 2000.

Events

Read more BELOW

News

Yankee Stadium subway station escalator completed ahead of Opening Day

With the 2025 opening day in the books, Forte Construction Corp., a leading general contracting firm involved in significant transit and public works projects throughout downstate New York, successfully replaced two vital escalators that serve as the only free and accessible connection between the underground

Supplements/Podcast
See Website for Details

This content (including text, artwork, graphics, photography, and video) was provided by the third party(ies) as referenced above. Any rights or other content questions or inquiries should be directed such third-party provider(s).

Receive the CCR 2024 Idustry Report

Get ahead of your Competitors with CCR's FREE Industry Insider's Report 2024!

Always stay two steps ahead of your Competitors. Stay informed with the latest in the Industry. 

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

This site uses cookies to ensure that you get the best user experience. By choosing “Accept” you acknowledge this and that ccr-mag.com operates under the Fair Use Act. Furthermore, Changing privacy laws now require website visitors from EEA based countries to provide consent in order to use personalized advertising or data modeling with either Google Ads & Analytics. Find out more on the Privacy Policy & Terms of Use Page