The Interchange

Your Idaho AGC News Source

Construction spending hits record in October; public, private segments vary widely

Construction spending totaled $1.241 trillion at a seasonally adjusted annual rate in October, a record level before adjusting for inflation, 1.4% higher than in September, and 2.9% higher than the October 2016 rate, the Census Bureau

Value of starts drops in October, Dodge says; reports are mixed regarding cost trends

The value of new construction starts decreased 9% in October at a seasonally adjusted annual rate, following a 14% jump in September, Dodge Data & Analytics

Jobs increase in 41 states through October; input costs rise faster than building prices

            Seasonally adjusted construction employment rose in 41 states year-over-year (y/y) from October 2016 to October 2017 and declined in nine states and the District of Columbia, an AGC

CLC and Neighborworks Team Up For Rake Up Boise!

Our Construction Leadership Council was out this weekend with Rake Up Boise, giving back to the community.  To get involved in the CLC, or learn more, click here!

Openings decrease in September; storms, fires have mixed impacts on materials and jobs

            Job openings in construction totaled 196,000, not seasonally adjusted, at the end of September, the Bureau of Labor Statistics (BLS) reported

U.S. employment rises in October and in 70% of metros in September; spending edges up

Nonfarm payroll employment in October increased by 261,000, seasonally adjusted, from September and by 2,004,000 (1.4%) year-over-year (y/y), the Bureau of Labor Statistics (BLS) reported today. The unemployment rate fell to 4.1% from 4.2% in September.

CONGRESSIONAL TAX REFORM PROPOSAL IS AN IMPORTANT STEP IN PROCESS TO LOWER, MORE EQUITABLE TAX RATES FOR CONSTRUCTION EMPLOYERS

Construction Official Says Proposal Provides a Much-Needed Framework for Reducing Tax Burden on Construction Employers, Urges Congress to Include Infrastructure Funding as Well

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, released the following statement in reaction to the release today of a Congressional proposal to reform the federal tax code:

Real GDP rises but investment in structures plummets; BLS projects 10-year job growth

Inflation-adjusted gross domestic product (real GDP)—the value of all goods and services produced in the U.S., net of imports—increased 3.0% at a seasonally adjusted annual rate in the third quarter of 2017 (2017Q3), following a 3.1% rise in Q2, the Bureau of Economic Analysis

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