Articles by Ken Simonson

Construction contracts flat in April; home sales rise

New construction contracts, seasonally adjusted, were essentially unchanged from March to April, McGraw-Hill Construction Dodge reported .
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CONSTRUCTION NEWS:
Current Construction Data, Indicators for Near Term Tell Tale of Two Industries, AGC Economist Says

"Numerous reports today tell a tale of two industries-housing and nonresidential construction-heading in opposite directions," said Kenneth D. Simonson, chief economist for the Associated General Contractors of America.
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April industrial production, retail sales, housing starts slip; permits rise

Housing starts slid 7 percent, seasonally adjusted, from March to April but remained 3 percent higher than in April 2002, the government reported recently.
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Tax bill passes; rate cuts, depreciation, state grants may aid construction

Congress recently passed the "Jobs and Growth Tax Relief Reconciliation Act of 2003," which contains immediate reductions in individual tax rates, depreciation, dividends and capital gains, and also sends $10 billion to states and local governments.
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Buoyant Housing Market Keeps Construction Afloat

"A remarkably buoyant residential market kept construction afloat again in March," said Kenneth D. Simonson, chief economist for the Associated General Contractors of America
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March Employment Dives Overall But Construction Rises

February's job loss was revised upward from an already huge 308,000 to 357,000.
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Cross-Cutting Trends Are Apparent, AGC Economist Says

Construction Put in Place Nearly Matches Prior Month and Year-Ago Levels
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March 17th: PPI jumps again but not for construction.

PPI jumps again but not for construction.
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NEW! The Federal Reserve's 'Beige Book' Summary

Summary plus Real Estate and Construction-Related Excerpts from the Fed's Jan. 15 "Beige Book"
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Monday, March 3rd
Value Of Construction Put In Place Hits Record

January's "value of construction put in place" jumped to a record seasonally adjusted annual rate of $878 billion.
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The January issue of PM features cover story: 2015 Plumbing Contractor of the Year: Jim Steinle and Atomic Plumbing.

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