The following is an updated report by AGC's Ken Simonson, issued a month after his CWA address.
Two fresh reports on construction show the industry remains strong. Today's news (June 3) from the Census Bureau that construction put in place in April held steady, coupled with the McGraw-Hill announcement that new projects rose in April, are both welcome indicators. It is encouraging to see that all types of construction are holding up well or climbing.
The aggregate figure from the Census Bureau showed that the value of construction put in place in April, $872 billion at a seasonally adjusted annual rate, was essentially level with the revised March total of $871 billion.