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From the monthly archives: December 2016

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

Construction Input Prices Plummet in November

Wednesday, December 14, 2016 10:07 AM
Construction input prices experienced their most rapid monthly decline since February 2016 in November, falling 0.5 percent according to the U.S. Bureau of Labor Statistics. Despite the month-over-month fall, input prices are up by 0.5 percent on a yearly basis for the second consecutive month. 
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Construction Backlog Rebounds in Third Quarter

Tuesday, December 13, 2016 9:37 AM
WASHINGTON, D.C., Dec. 13– Construction backlog expanded during the third quarter, led by strong growth in the commercial/industrial sector, according to Associated Builders and Contractors’ (ABC) Construction Backlog Indicator (CBI), released today. The increase during the third quarter follows two quarters of decline in backlog—the amount of work under contract but yet to be performed—that led to speculation that growth in the country’s nonresidential construction industry was slowing. Read the rest of entry »

ABC Predicts Modest Growth for 2017 Nonresidential Construction Sector; Warns of Vulnerability for Contractors

Monday, December 12, 2016 9:53 AM
WASHINGTON, D.C., Dec. 12– Associated Builders and Contractors (ABC) forecasts a slowdown of growth in the U.S. commercial and industrial construction industries in 2017. While contractors are vulnerable to rising commodity prices and potential interest rate increases in 2017, the middling consumer-led recovery should still lead to modest growth in construction spending and employment. Read the rest of entry »

Construction Industry Alliance Announces New Resources Aimed at Preventing Suicides

Tuesday, December 6, 2016 10:03 AM
WASHINGTON, D.C., Dec. 6– Associated Builders and Contractors (ABC) today announced new resources made available to its members through its membership in the Construction Industry Alliance for Suicide Prevention. ABC joined the Construction Financial Management Association (CFMA)-led alliance in October 2016 to help provide resources and disseminate information on suicide prevention and mental health awareness in the construction industry, with a goal of building a zero-suicide industry. Read the rest of entry »

Construction Job Growth Accelerates Amid Optimistic Post-election Outlook in November

Friday, December 2, 2016 10:11 AM
The U.S. construction industry added 19,000 net new jobs in November and has now added jobs for three consecutive months, according to analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC).  
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Nonresidential Construction Spending Gains Momentum

Thursday, December 1, 2016 12:50 PM
WASHINGTON, D.C., Dec. 1—Nonresidential construction spending totaled $699.7 billion on a seasonally adjusted, annualized basis in October, a 0.3 percent decrease from September’s significantly upwardly revised total, but an increase of 2.6 percent year-over-year according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Read the rest of entry »