Articles by Ken Simonson

Budget has mixed news for construction; AGC writes to Sec. Gutierrez about cement

The President's Budget for fiscal year 2006 (FY06), which was released on Monday, has mixed news for construction.
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Construction jobs leveled off in January; value put in place, orders ended 2004 strong

Nonfarm payroll employment grew in January by 146,000, seasonally adjusted, the Bureau of Labor Statistics (BLS) reported today.
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GDP, nonresidential construction improved in 2004 despite end-of-year slowdown

Real (net of inflation) gross domestic product (GDP) rose at a seasonally adjusted annual rate of 3.1% in the fourth quarter, a deceleration from the 4% pace in the third quarter, according to today's “advance” estimate from the Bureau of Economic Analysis.
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Beige Book shows growing economy, mixed construction reports; housing rebounds

The Beige Book, a report released Wednesday by the Fed summarizing informal soundings of current business conditions taken by the 12 regional Federal Reserve Banks, “indicated that economic activity continued to expand from late November through early January.
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PPI for construction materials jumped in December, year; industrial production rose

The producer price index (PPI) for finished goods fell 0.7% in December, seasonally adjusted, the Bureau of Labor Statistics (BLS) reported, as the finished energy index tumbled 4%. But the “core” PPI, which omits food and energy, edged up 0.1% for the month and 2.2% for the year.
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Construction employment climbed in November; value put in place was flat in October

Nonfarm payroll employment rose just 112,000 in November, seasonally adjusted, the Bureau of Labor Statistics (BLS) reported today.
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Congress approves selective construction funding increases; home sales stay high

Federal construction-related funding in fiscal 2005 appropriations bills will be about $1.3 billion (2%) higher than in fiscal 2004, according to a compilation by AGC legislative director Dave Schwietert.
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Week of Oct. 18-26, 2004<br>Manufacturing, housing get multiple good news; most states add construction jobs

Manufacturing received several pieces of good news in recent days that could eventually lead to higher demand for factory construction.
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Week of Oct. 27-Nov.1, 2004<br>Value of construction remains at record level, pushed by higher materials, labor costs

The value of construction put in place in September tied the record set in August of $1.014 trillion at a seasonally adjusted annual rate, the Census Bureau reported today.
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State job trend depends on starting point; factory output, housing bounce back in July

Employment by state, seasonally adjusted, rose in all but four states from July 2003 to July 2004, and 49 states lowered their unemployment rates, the Bureau of Labor Statistics (BLS) reported.
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