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ABC's Construction Economic Update covers the latest commercial and industrial construction economic news. Delivered electronically, it provides an analysis of the monthly economic indices released by the federal government, including construction spending, employment, the producer price index and the quarterly gross domestic product.  

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For media inquiries, contact Donna Reichle at Reichle@abc.org.

Posts Tagged 'Construction Economics'

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Construction Spending Up in September; Down on a YOY Basis

WASHINGTON, Nov. 1Nonresidential construction spending rose 0.5 percent in September, totaling $698.1 billion on a seasonally adjusted basis, according to an Associated Builders and Contractors (ABC) analysis of data from the U.S. Census Bureau. However, nonresidential construction spending is down 2.9 percent on a year-over-year basis, with construction spending related to manufacturing down 20.3 percent since September 2016

Construction Industry Benefits From Consecutive Quarterly GDP Gains, Says ABC

WASHINGTON, Oct. 27—The U.S. economy expanded at an annual rate of 3 percent during the third quarter of 2017, according to Associated Builders and Contractors’ analysis of gross domestic product (GDP) data released today by the Bureau of Economic Analysis. “Construction firms are among the major beneficiaries of the most recent GDP report, which confirms that the U.S. economy enjoys a level of momentum not observed for several years,” said ABC Chief Economist Anirban Basu.

Construction Input Growth Accelerates in September, says ABC

WASHINGTON, Oct. 12—Construction input prices rose yet again in September, according to an analysis by Associated Builders and Contractors (ABC) of data released today by the Bureau of Labor Statistics. Non-residential construction input prices rose 0.8 percent in September and 4.3 percent compared to this time last year. 
Overall, construction materials prices rose 0.8 percent over the previous month and 4.5 percent on a year-over-year basis, about three times as fast as overall U.S. inflation. 

Nonresidential Construction Adds Jobs Despite Disruptions; September Data Very Difficult to Interpret

WASHINGTON, Oct. 6—The national construction industry added 8,000 net new jobs on a seasonally adjusted basis in September, according to an analysis by Associated Builders and Contractors (ABC) of today’s release from the U.S. Bureau of Labor Statistics. The nonresidential sector added 11,700 jobs for the month, which means that residential construction lost several thousand jobs. Nonresidential specialty trade contractors paced the segment, adding 8,500 net new jobs on a monthly basis. 

Nonresidential Construction Spending Stabilizes in August; Spending on Nonresidential Construction Services Is Still Down on a YOY Basis

WASHINGTON, Oct. 2—Nonresidential construction spending expanded 0.5 percent in August, totaling $691.8 billion on a seasonally adjusted, annualized basis, according to an analysis of data from the U.S. Census Bureau by Associated Builders and Contractors (ABC). Though this represents an improvement from July’s total ($688.2 billion), nonresidential spending remains 3.4 percent below its year-ago level and is down 3.8 percent from the cyclical peak attained in May 2017.

Construction Input Price Growth Accelerates in August

WASHINGTON, Sept. 13—Construction input prices rose 0.6 percent in August and are up 3.7 percent on a yearly basis, according to an analysis by Associated Builders and Contractors (ABC) of data released today by the Bureau of Labor Statistics. Nonresidential construction input prices behaved similarly, rising 0.6 percent for the month and 3.5 percent for the year.  

Nonresidential Construction Plunges Again; Public and Private Sector Down in July

WASHINGTON, Sept. 1—Nonresidential construction spending fell 1.7 percent in July, totaling $688.4 billion on a seasonally adjusted, annualized basis, according to an analysis by Associated Builders and Contractors (ABC) of data released today by the U.S. Census Bureau. The absolute level of nonresidential construction spending was at its lowest point since December 2015.  

Nonresidential Construction Job Growth Accelerates; Unemployment Falls to 4.7 Percent


WASHINGTON, Sept. 1—National construction employment rebounded in August, adding 28,000 net new jobs on a seasonally adjusted basis, according to today’s release from the U.S. Bureau of Labor Statistics. It was the best month for job gains in construction since February, according to analysis by Associated Builders and Contractors (ABC). 

Construction Input Prices Plod Higher, Energy Prices Down

WASHINGTON, Aug. 10—Construction input prices increased 0.3 percent in July and are up 3 percent on a year-over-year basis, according to an Associated Builders and Contractors (ABC) analysis of data released today by the Bureau of Labor Statistics.  Nonresidential construction input prices were in line with overall industry dynamics, increasing 0.3 percent for the month and 2.7 percent for the year.  

Construction Input Prices Tick Higher in June; Crude Petroleum Prices Rebound

WASHINGTON, July 13--Construction input prices rose 0.2 percent in June, according to an analysis of Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC). This represents the sixth increase in construction input prices over the past seven months, but the overall rate of increase has been quite slow. On a year-over-year basis, construction input prices are up 2.6 percent.