By Louis Baer For Americans to start seeing evidence of the Biden Administration’s Infrastructure Investment and Jobs Act (IIJA) taking shape in their hometowns, the construction industry will need building materials to do the work. Should a newly proposed Environmental Protection Agency (EPA) particulate matter (PM) standard take effect in the next few weeks, those materials might not be readily…
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Construction Spending Ticks Upward; Highways Down Slightly
According to the U.S. Census Bureau, construction spending during June 2023 was estimated at a seasonally adjusted annual rate of $1,938.4 billion, 0.5% (±0.5%) above the revised May estimate of $1,929.6 billion. The June figure is 3.5% (±1.3%) above the June 2022 estimate. During the first six months of this year, construction spending amounted to $917.4 billion, 3.0% (±1.0%) above…
Read MoreIndustry Employment: Prepare for the Future
Among the most frustrating aspects of life as we went through the pandemic, and which haunts us still today, is the employment picture. There is no minimizing the magnitude of human tragedy, with an official tally of over 5.2 million hospital admissions and a stunning 1.04 million deaths; the sheer human loss is unspeakable. But for the vast majority of…
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