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The PPI for inputs to construction industries jumped 1.4% for the month, following a 0.9% gain in February, and 3.8% over 12 months.

HARDI’s Monthly TRENDS Report showed growth in all seven U.S. regions; three in double-digits.

Half of metros add construction jobs; starts drop, MHC says; ABI stays barely favorable

HARDI’s TRENDS Report showed growth in six of seven U.S. regions, three in double digits.

Regardless of the industry, there comes a point where a changing of the guard occurs from one generation to the next.

The value of new construction starts fell 2%, seasonally adjusted, in January, McGraw-Hill Construction reported Feb. 21, based on data it collected.

The PPI for inputs to construction industries rose 0.4% for the month and 4.5% over 12 months. Although higher than the finished goods PPI, the 12-month increase was the mildest for construction materials since the year ending in September 2010.

The drop in industry unemployment, unaccompanied by a rise in construction employment, suggests workers are finding jobs in other industries, retiring, returning to school or training, or leaving the workforce. That may make hiring more difficult when construction demand picks up.

The hires rate in construction jumped to 7.3 percent in September from 5.6 percent in August and 5.9 percent in September 2010.

The U.S. Senate Nov. 10 unanimously approved legislation to repeal a federal mandate that government agencies withhold part of their payments to contractors and added an amendment to provide tax credits to companies that hire veterans.