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Posted on Thursday, November 14, 2019 10:57 AM By Rachel O'Grady
WASHINGTON, Nov. 14 – Construction input prices remained unchanged on a monthly basis in October but are down 2.2% year-over-year, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices fell 0.1% for the month and are down 2.0% compared to the same time last year.
Posted on Tuesday, October 22, 2019 9:45 AM By Rachel O'Grady
WASHINGTON, Oct. 22—Associated Builders and Contractors reported today that its Construction Backlog Indicator climbed to nine months in August 2019, up 0.5 months or 5.4% from July 2019 when CBI stood at 8.5 months.
Posted on Tuesday, September 17, 2019 9:32 AM By Dana Webb
WASHINGTON, Sept. 17—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.5 months in July 2019, down 0.3 months or 2.9% from June 2019 when CBI stood at 8.8 months.
Posted on Tuesday, August 20, 2019 9:30 AM By Rachel O'Grady
WASHINGTON, Aug. 20—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.8 months in June 2019, down 0.1 months or 1.3% from May 2019, when CBI stood at 8.9 months.
Posted on Monday, August 12, 2019 11:04 AM By Rachel O'Grady
WASHINGTON, Aug. 12—More than 10 years after the end of the most severe financial crisis since the Great Depression, the U.S. economy is again making history by entering its longest-ever expansion. Nevertheless, emerging weakness in business investment has been hinting at softening outlays, giving commercial and industrial construction contractors cause for concern, according to a mid-year economic outlook by Anirban Basu, chief economist of Associated Builders and Contractors.
Posted on Friday, August 9, 2019 10:13 AM By Donna Reichle
WASHINGTON, Aug. 9—Construction input prices expanded 0.8% in July but are down 0.6% year-over-year, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices also increased 0.8% for the month but have declined 0.3% on a year-ago basis.
Posted on Friday, July 26, 2019 10:46 AM By Donna Reichle
WASHINGTON, July 26—The U.S. economy expanded at a 2.1% annualized rate during the second quarter of 2019 with consumer spending leading the way, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. This rate of growth exceeded the consensus expectation that second quarter growth would be closer to 1.8%.
Posted on Tuesday, July 16, 2019 9:30 AM By Rachel O'Grady
WASHINGTON, July 16—Associated Builders and Contractors reported today that its Construction Backlog Indicator expanded to 8.9 months in May 2019, up 0.2 months or 2.2% since April 2019, when CBI stood at 8.7 months.
Posted on Friday, July 5, 2019 10:55 AM By Rachel O'Grady
WASHINGTON, July 5 – The construction industry added 21,000 net new jobs in June, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, employment in the industry has expanded by 224,000 jobs, representing an increase of 3.1%. Nonresidential construction employment gained 14,900 net jobs in June and is up 146,700 jobs during the last 12 months.
Posted on Monday, July 1, 2019 12:33 PM By Rachel O'Grady
WASHINGTON, July 1—According to an Associated Builders and Contractors analysis of U.S. Census Bureau data published today, national nonresidential construction spending declined 0.9% in May, totaling $788.5 billion on a seasonally adjusted annualized basis and a 4.4% increase compared to the same time last year. While total public and private nonresidential spending declined 0.9% since April, public spending was up 11.2% and private spending was down 0.1% year over year.