Retrofit magazine reported on the Marcum Commercial Construction Index for the third quarter.
“The nonresidential construction segment added 33,000 net new jobs in October 2021 and supports 46,500 more jobs than it did in October 2020,” says Anirban Basu, Marcum’s chief construction economist and author of the report. “But a majority of that growth has occurred in the heavy and civil engineering sub-segment, which is largely fueled by public financing. Nonresidential building employment, which is largely supported by private investment, is up only 4,700 positions over the past year.”
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