March 25, 2019

It was a Fine Year for Nonresidential Construction

America's Construction Economy

Related Industry Construction

It was a Fine Year for Nonresidential Construction

Issue 26 – Fourth Quarter 2018

Ask many contractors about 2018, and they may say things like “we had more work than we knew what to do with” or “we had a record year.” While this wasn’t true for all contractors, many found 2018 to be a busy and profitable period. Various indicators ranging from Associated Builders and Contractors’ Construction Backlog Indicator to the American Institute of Architects’ Architecture Billings Index suggest that construction spending momentum will persist into 2019.

Table of Contents
  • It was a Fine Year for Nonresidential Construction
  • Joe’s View
  • Exhibit 1. Nonresidential Construction Spending, December 2018
  • Exhibit 2. Nonresidential Construction Spending, December 2015 through December 2018
  • Exhibit 3. Construction Employment Growth, 20 Largest U.S. Metropolitan Areas, December 2017 v. December 2018
  • Fourth Quarter 2018 Performance

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