Is the construction industry recovering?

Construction employment increased by 14,000 in April. But, at 554 million jobs, construction industry employment was 9 percent lower than a year ago, according to U.S. Census Bureau reports.

June 2010 construction spending was estimated at a SAAR of $836 billion, 0.1 percent above the May estimate but 7.9 percent below the June 2009 estimate.

A Wells Fargo Equipment Finance survey found construction industry executives say their level of construction activity in their area, construction material prices, construction equipment prices, construction equipment rental rates and the amount of equipment they are renting has stayed about the same in the past year.

To see the full report, view Wells Fargo’s survey.