The numbers the industry runs on.
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The numbers the industry runs on.

Census construction spending, the ABC workforce model, BLS wages and openings — each figure dated and linked to its source. Get the monthly data brief.

Get the monthly brief Wage table

Headline numbers

Every figure dated and linked. Updated as of 2026-10-05.

$2,203.1B
Total construction spending (SAAR)
+0.9% vs July · −1.7% vs Aug 2025
August 2026 · U.S. Census Bureau, Construction Spending (released Oct 1, 2026)
$882.3B
Residential spending (SAAR)
+1.1% vs July
August 2026 · U.S. Census Bureau
$773.0B
Nonresidential spending (SAAR)
+1.0% vs July
August 2026 · U.S. Census Bureau
349,000
New workers the industry must attract
456,000 needed in 2027
2026 · Associated Builders and Contractors workforce model (Jan 15, 2026)
$59,540
Median wage, construction & extraction occupations
≈587,000 projected openings per year
May 2025 · BLS Occupational Outlook Handbook
≈3,450
Jobs created per $1B of added spending
most 2026 demand comes from retirements, not growth
2026 · ABC Chief Economist Anirban Basu

Worth knowing

Roughly one in five electricians is over 55 — retirements, not expansion, drive most of 2026's hiring need.

ABC

Nonresidential specialty trade contractors have added about 95,000 jobs since August 2024.

ABC

Elevator and escalator installers earn the highest median pay in the trades at $109,910.

BLS OOH, May 2025

Top-paying trades

OccupationMedian pay
Elevator & Escalator Installers and Repairers$109,910
Boilermakers$76,410
Construction & Building Inspectors$74,690
Plumbers, Pipefitters & Steamfitters$63,800
Electricians$63,190
Ironworkers$61,910
Sheet Metal Workers$61,800
Carpenters$60,580
Drywall, Ceiling Tile Installers & Tapers$59,780
Construction Equipment Operators$59,600

All 20 occupations →

Data in the news

Headlines from ENR, Construction Dive, Construction Executive, AGC of America, For Construction Pros, Construction Equipment Guide, NCCER, BLS Employment Situation — refreshed hourly. Full feed at ConstructionNews.com.

The monthly data brief

Census spending, BLS employment and wages, ABC workforce updates — one email on release week.

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