Executive Summary
U.S. roads, bridges, and highways require attention and may receive it with an anticipated large increase in transportation infrastructure projects.
The labor market continues to tighten and construction labor costs continue to rise, especially in expensive coastal cities.
GDP growth and corporate profitability bolstered nonresidential construction growth; residential construction was choppier over the previous two quarters, but starts ticked up in the third quarter.
IN THIS ISSUE
Construction Overview
GDP
Unemployment
Value Put-In-Place
10-Year Yield and Real Broad Dollar Index
Sector Focus
Roads, Bridges, and Highways
Government Consumption and Investment
Production Input Costs
Sector Roundup
Residential Construction
Building Materials
Non-Residential Construction