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Articles by Ken Simonson

Aug.10, 2007 - Impacts of financial turmoil on construction segments

August 10, 2007
The worsening housing finance market appears likely to have varied impacts on construction. Lenders have tightened credit standards and raised rates for some-but not all-mortgage applicants.
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Aug. 3, 2007 - Residential/nonresidential job, spending gaps widen; material, wage cost rises slow

August 3, 2007
Construction employment fell 12,000 to an 18-month low of 7.65 milltion. However, the three nonresidential categories-building, specialty trade contractors, and heavy and civil engineering construction-added 64,000 jobs (1.5%) over 12 months.
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July 6 - Nonresidential, A&E jobs outpace overall gains; ISM says contractors in short supply

July 16, 2007
Nonfarm payroll employment increased 132,000 in June, seasonally adjusted, in line with the gain of  2,008,000 (1.5%) from June 2006 to June 2007, the Bureau of Labor Statistics (BLS) reported. The unemployment rate remained steady at 4.5%.
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July 13 - Reconciling data on construction starts, spending, jobs

July 16, 2007
Nonresidential starts collected by Reed Construction Data totaled $31.4 billion in June, “a record-high level, 16% above the previous peak last November and 39% above year-ago June,” the firm announced recently.
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Construction Marches Ahead Following February Upturn

April 30, 2007
Nonresidential construction is expected to remain positive all year.
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State construction employment, housing starts, private reports show mixed outlook

April 27, 2007
Construction employment increased from February to March in 35 states, fell in eight plus DC, and was unchanged (or within 100 of prior levels) in seven. Compared to a year ago, construction employment climbed in 35 states, fell in 14, and was unchanged in DC and Vermont.
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Construction hiring powers employment jump; A/E activity suggests more to come

April 13, 2007
Nonfarm payroll employment, led by a 56,000-job jump in construction, rose 180,000 in March, seasonally adjusted, the Bureau of Labor Statistics reported.
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Feb. 26 - March 2 - Construction spending sags overall but nonres rises

March 2, 2007
Construction spending in January skidded 0.8%, at a seasonally adjusted annual rate (SAAR), from an upwardly revised December total, the Census Bureau reported on Thursday.
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Producer prices cool in January; aluminum supplies face threat; IP, housing sag

February 20, 2007
The producer price index (PPI) for finished goods slipped 0.2% in January, seasonally adjusted, and rose just 0.2% over the past 12 months, the Bureau of Labor Statistics (BLS) reported on Friday.
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October construction starts rise but firms list mixed plans; bond, ballot issues win big

November 15, 2006
Reed Construction Data announced that the value of nonresidential construction starts in its database for January-October 2006 totaled 8.6% higher than in the first 10 months of 2005. Allowing for construction cost inflation, the real volume of new starts has increased about 2% so far in 2006 compared to the same period in 2005, Reed Chief Economist Jim Haughey estimated.
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BNP Media's Plumbing Group Visits Grundfos North American Headquarters

BNP Media’s Plumbing Group, comprised of the Plumbing & Mechanical, Supply House Times, PM Engineer (pme) and Reeves Journal brands, recently visited Grundfos’ new North American headquarters building in the western Chicago suburb of Downers Grove, Ill.

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