Posted on Thursday, May 1, 2014 1:51 PM By Rachel O'Grady
Nonresidential construction spending inched down in March, making it the third consecutive month in which spending declined. Nonresidential construction spending fell 0.1 percent on a monthly basis in March but has risen 4.4 percent on a yearly basis according to a May 1 release by the U.S. Census Bureau. Spending for the month totaled $568.5 billion on a seasonally adjusted, annualized basis.
Posted on Friday, March 14, 2014 12:52 PM By Rachel O'Grady
Construction materials prices expanded 0.7 percent in February and are up 0.6 percent over the past year, according to the March 14 producer price index release by the Department of Labor. More specifically, nonresidential construction materials prices are up 0.7 percent for the month and are 0.4 percent higher than the same time one year ago.
Posted on Friday, March 7, 2014 2:45 PM By Rachel O'Grady
The U.S. nonresidential construction industry gained just 400 jobs in February, according to the March 7 employment report by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). The construction industry as a whole added only 15,000 jobs for the month, with the vast majority of new jobs coming from residential construction. The construction unemployment rate expanded to 12.8 percent in February from 12.3 percent in January (non-seasonally adjusted).
Posted on Tuesday, February 25, 2014 12:24 PM By Jeff Leieritz
Associated Builders and Contractors’ (ABC) Construction Backlog Indicator (CBI) hit a post-recession high in the fourth quarter of 2013, growing from 8.2 months to 8.3 months (1.3 percent). Compared to a year ago, CBI is 3.9 percent higher—up from 8 months at the end of 2012.
Posted on Wednesday, February 19, 2014 11:21 AM By Rachel O'Grady
Construction materials prices expanded 0.6 percent in January and are up 1.5 percent year over year, according to the Feb. 19 producer price index released by the Department of Labor. More specifically, nonresidential construction materials prices are up 0.5 percent for the month and are 1 percent higher than the same time one year ago.
Posted on Thursday, January 2, 2014 11:44 AM By Rachel O'Grady
Nonresidential construction spending grew 0.6 on a monthly and yearly basis in November 2013, according to the Jan. 2 release by the U.S. Census Bureau. In November, spending totaled $583.436 billion on a seasonally adjusted, annualized basis.
Posted on Tuesday, June 19, 2012 11:33 AM By Donna Puglisi
Washington, D.C. – During a national online news conference today, Associated Builders and Contractors (ABC) Chief Economist Anirban Basu stated the nation’s construction industry may not recover next year.