Digging into Construction Data

Kenneth D Simonson

Business Economics, 2005, vol. 40, issue 2, 64-69

Abstract: Construction is a large, diverse, and–lately–fast-growing sector of the U.S. economy, comprising several distinct categories of activity. Construction accounts for roughly five percent of non-farm payroll employment and 12 percent of selfemployment. The value of construction put in place totals eight percent of GDP; construction supplies and equipment are important components of manufacturing output. The current outlook for the industry is for a pause in the fast-growing residential market, but we can expect an acceleration in private and public nonresidential construction. Data on different aspects of construction are available from a variety of federal and private sources. There are limitations and pitfalls that data users should bear in mind.Business Economics (2005) 40, 64–69; doi:10.2145/20050207

Date: 2005
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