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Construction Business Formations Rise Again Setting Pace For Largest Annual Increase On Record
United States Of America – Construction related business formations were up +0.2% Over August and adding 39,484 new construction related businesses. The number is inline with AGGRECOST™ forecasts and towards the largest ever amount of new formations annually on record.
We will be taking apart the rest of the statistics for AEC industries as well as building and earth materials for a formal report to be released shortly.
SEPTEMBER 2021 REPORT
United States Of America- Construction Business Formations have skyrocketed this year while setting a record for year end 2020 with 397,180 new Construction Business Sector Formations. 2021 is on track to blast past the previous record with a forecast year end of 479,122 according to the N.A.I.C.P. The NAICP™ in conjunction with AGGRECOST™ & Bylt™ Construction News, Data & Analytic commissioned the report to research trends in the construction industry and employment conditions.
Results were based on data collected from the U.S. Census. The years analyzed were from 2017, 2018, 2019, 2020 and up to August 31, 2021.
The Construction industry has been plagued with talent, labor and administrative employee issues for two years as problems continue to accumulate.
Data shows a increase year over year
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*Data is part of a series. Mining, AEC & Utilities Report To Follow