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ABC issues news releases on the latest policy and construction-related economic data and trend news. Commercial and industrial economic releases include monthly analyses of federal data reports on construction spending, employment, the Producer Price Index and quarterly GDP. ABC construction economic releases are produced according to this schedule.


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From the monthly archives: January 2016

We are pleased to present below all posts archived in 'January 2016'. If you still can't find what you are looking for, try using the search box.

Tepid GDP Growth a Sign Construction Spending May Sputter; Decline Unlikely

Friday, January 29, 2016 12:56 PM
Real gross domestic product (GDP) expanded by just 0.7 percent (seasonally adjusted annual rate) during the fourth quarter of 2015, according to an analysis of the Bureau of Economic Analysis data released today by Associated Builders and Contractors (ABC). This paltry growth follows a 2 percent increase during the year’s third quarter and a 3.9 percent increase during the second quarter. For the year, GDP expanded by 2.4 percent, matching the rate of growth seen in 2014. Read the rest of entry »

Construction Material Prices Continue Free Fall in December

Friday, January 15, 2016 10:25 AM
Construction material prices fell for the sixth consecutive month in December, losing 1.2 percent on a monthly basis and 4 percent on a yearly basis according to an analysis of the Bureau of Labor Statistics Producer Price Index released today by Associated Builders and Contractors (ABC). Construction input prices have fallen 7.2 percent since peaking in August 2014, and have fallen in eleven of the previous sixteen months. Nonresidential construction input prices exhibited similar declines, falling 1.1 percent for the month and 4 percent for the year. Read the rest of entry »

ABC Applauds House Effort to Overturn Waters of the US Rule

Wednesday, January 13, 2016 12:35 PM
WASHINGTON, D.C., Jan. 13 – Associated Builders and Contractors (ABC) today released the following statement on the U.S. House of Representatives passage of S.J. Res. 22, which requires the withdrawal of the controversial Waters of the U.S. (WOTUS) rule under the Congressional Review Act. The bill passed by a vote of 253-166. Read the rest of entry »

ABC Lauds Bill to Increase Competition on Federal Construction Contracts

Tuesday, January 12, 2016 11:30 AM
WASHINGTON, D.C., Jan. 12 – Associated Builders and Contractors (ABC) today applauded the House Committee on Oversight and Government Reform’s favorable reporting of the Government Neutrality in Contracting
Act (H.R. 1671) out of committee. The bill, introduced by Rep. Mulvaney (R-S.C.), will increase fair and open competition on federal and federally funded construction projects by preventing federal agencies from requiring contractors to sign project labor agreements (PLA) as a condition of winning federal or federally assisted construction contracts. Read the rest of entry »

Construction Employment Surges at Year’s End

Friday, January 8, 2016 11:22 AM
WASHINGTON, D.C., Jan. 8- The U.S. construction industry showed robust growth at the end of 2015, adding 45,000 net new jobs in December and 128,000 during the fourth quarter according to analysis of today’s employment release from the U.S. Bureau of Labor Statistics by Associated Builders and Contractors (ABC). The construction industry’s nonresidential component added 16,400 net new jobs in December while the residential sector accounted for 23,100 and the heavy and civil engineering sector contributed 4,800. Read the rest of entry »

Carly Fiorina Addresses ABC Member Concerns in TeleForum

Thursday, January 7, 2016 4:18 AM
WASHINGTON, D.C., Jan. 7 – Presidential candidate Carly Fiorina addressed and responded to questions from members of a coalition of major nationwide business groups in a TeleForum today. Fiorina answered questions from members of Associated Builders and Contractors (ABC), Associated General Contractors, Business-Industry Political Action Committee, National Association of Manufacturers, National Federation of Independent Business and National Retail Federation. Read the rest of entry »

November Construction Unemployment Rates Improve in 37 States from 2014

Tuesday, January 5, 2016 9:12 AM
Unusually mild weather in much of the country coupled with general improvement in the nation’s economy benefited construction and consequently construction unemployment rates in November. Not seasonally adjusted (NSA) construction unemployment rates for the country and 37 states were lower than in November 2014. As of November, year-to-date seasonally adjusted (SA) employment in construction increased by 215,000 in the U.S. Meanwhile, NSA construction jobs nationally increased by 267,000 from November 2014 to November 2015. Read the rest of entry »

Nonresidential Construction Spending Slips in November; Ominous Indications in Census Bureau Report

Monday, January 4, 2016 1:16 PM
WASHINGTON, D.C., Jan. 4- Nonresidential construction spending dipped by 0.8 percent in November, totaling $688.1 billion on a seasonally adjusted, annualized basis, according to analysis of  U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). This represents the worst monthly performance since April 2015. Moreover, October’s spending estimate was revised downward from $701.8 billion to $693.7 billion and September’s estimate was revised downward from $695 billion to $691.5 billion. Read the rest of entry »