Nonresidential construction spending fell 1.1% from February to March and is down 7.4% compared with March 2020.

The results of the latest Quarterly Market Index Survey for Reroofing indicate the continued resilience of the industry in the face of the COVID-19 pandemic.

The U.S. economy gained ground during the first quarter of 2021 amid increased COVID-19 vaccinations and massive federal stimulus spending.

Thirty-nine states added construction jobs in March, but construction employment is down in 35 states since March 2020.

Builder sentiment increased one point in April to 83 despite record-high lumber prices.

Housing starts surged 19.4% in March to a seasonally adjusted annual rate of 1.739 million units after falling 10.3% in February.

Construction starts rose 2% in March after three months of decline, but rising materials prices continue to affect the industry.

Construction industry leaders’ confidence rose again in March.

Construction material prices rose 3.5% from February to March.

Construction employment increased by 110,000 jobs in March, and the industry has recovered 83.6% of jobs lost since the start of the COVID-19 pandemic.

Construction spending fell 1.3% from January to February and is down 6.1% compared with February 2020.

Thirty-five states lost construction jobs in February, and construction employment is down in 44 states since February 2020.

According to a recent analysis, construction companies will need to hire 430,000 more workers in 2021 than they employed in 2020.

During the first quarter of 2021, 36% of contractors said they expect revenue to increase during the next year compared with 11% from the previous quarter.

Builder sentiment decreased two points in March to 82 amid rising interest rates and materials costs.

Construction starts continue to decline, falling 2% in February.

Twenty-seven states added new construction jobs in January, but construction employment is down in 42 states since February 2020.

Housing starts fell 10.3% in February to a seasonally adjusted annual rate of 1.421 million units.

Construction material prices rose 2.1% from January to February.

Construction industry leaders’ confidence continued to rise in February.

Construction employment decreased by 61,000 jobs in February, and the industry has recovered 72.3% of jobs lost since March 2020.

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Construction spending rose 0.9% from December 2020 to January but is down 5% compared with January 2020.

Builder sentiment increased one point in February to 84 as lumber prices reached a record high.

As lumber prices soared, housing starts fell 6% in January to a seasonally adjusted annual rate of 1.58 million units.