Yearly Archives: 2019

Construction spending during October 2019 was estimated at a seasonally adjusted annual rate of $1,291.1 billion, 0.8 percent below the revised September estimate of $1,301.8 billion. The October figure is 1.1 percent above the October 2018 estimate of $1,277.4 billion. During the first ten months of this year, construction spending amounted to $1,086.5 billion, 1.7 percent [...]

The Marcum Commercial Construction Index for Q3, 2019 finds the construction industry in an OK postion as the year ends, despite a mounting drumbeat of negative news. On the positive side: A 1.5% increase in public construction spending in September and a 6.6% increase year-over-year. An average backlog of 10.4 months in the infrastructure category, outpacing [...]

Deere announces net income of $3.2 billion for 2019: Net sales increase 4% for fourth quarter and 5% for full year. Company's Construction & Forestry reports higher sales and profit for year. Full-year 2020 forecast calls for net income of $2.7 to $3.1 billion, reflecting uncertainties in our equipment operations. Deere’s worldwide sales of agriculture and [...]

Construction jobs rose in 64.5% of metro areas from October 2018 and October 2019 according to the Associated General Contractors of America. Jobs fell in 19.2% of metro areas and remain steady in 16.2% of cities. Construction employment reached a new October high in 76 metro areas and a new October low in two areas. “Employers [...]

Slight gain over September for equipment leasing. Leasing up six percent year to date versus 2018. Read more. Overall new business volume was $10.1 billion in October vs $10 billion for September. This comes from ELFA's MLFI-25, which reports economic activity from 25 companies representing the $900 billion equipment finance sector.   Lifts in the news [...]

Construction jobs increase for most of U.S. Connecticut, Illinois, Louisiana, Massachusetts, New Hampshire, North Carolina, Ohio, and Tennessee were the only states to lose construction jobs. Colorado did not grow. Forty-one states and the District of Columbia added construction jobs between October 2018 and October 2019, while construction employment increased in 28 states from September to [...]