Articles by Ken Simonson

Construction News<br>Construction Spending Approaches Record in August Despite Nonresidential Slump

“Construction put in place came within a whisker of setting a record in August but remains a tale of three markets,” said Kenneth D. Simonson, chief economist for the Associated General Contractors of America, the nation's leading construction trade association.
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Construction employment, value put in place rise; overall jobs grow after 7 declines

Reports in the past three days paint an unusually consistent picture of the economy: widespread expansion but not in manufacturing or inventories.
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GDP, housing sales move up; manufacturing, employment, state taxes show weakness

Gross domestic product grew even more strongly in the second quarter than was previously estimated-3.3% instead of 3.1% at a seasonally adjusted annual rate in real (net of inflation) terms, the Bureau of Economic Analysis reported.
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Housing stays healthy; business surveys show growing optimism; interest rates dip

Hurricane Isabel caused major disruptions from North Carolina through the mid-Atltantic region but is likely to have little long-term impact on the economy.
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Construction News<br>Core Producer Prices Rise Modestly; Lumber, Health-Care Costs Are Exceptions

The producer price index (PPI) for finished goods rose a seasonally adjusted 0.4% in August, following increases of 0.1% in July and 0.5% in June, the Bureau of Labor Statistics (BLS) announced.
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Private Nonresidential Construction Inches Up in July But Highway Spending Is in Jeopardy, AGC Economist Says

Private nonresidential construction eked out a small gain in July.
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Construction Slips in May But Data Revisions Show Industry Was Stronger than Suspected, AGC Economist Says

“Construction put in place continued to lose steam in May but is still ahead of the pace in 2002,” said Kenneth D. Simonson, chief economist for the Associated General Contractors of America (AGC), the nation’s leading construction trade association.
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State construction employment, hiring plans, permits, supplies turn up

Construction employment rose in 35 states over the month and in 26 over the year.
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Home Builders Report Optimism But Nonresidential Markets Stay Soft

Builder expectations for future home sales are now even more buoyant than early in the year.
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Construction Employment Climbs as Overall Total Stagnates

The Bureau of Labor Statistics (BLS) reported the unemployment rate moved up to 6.1% in May from 6% in April.
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