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From the category archives: Economics

Nonresidential Construction Spending Dips Slightly in January

Nonresidential construction spending fell 0.1 percent on a monthly basis in January 2018, while year-over-year spending increased, according to an ABC analysis of U.S. Census Bureau data. Nonresidential January spending totaled $732.9 billion on a seasonally adjusted annual rate, adding up to a 2.4 percent increase year over year. Read the rest of entry »

Strong Economy, Weaker Dollar Help Construction Materials Prices Recover in January

Overall construction input prices increased 1.1 percent in January, reversing a slight decline in December 2017, according to an ABC analysis of Bureau of Labor Statistics data. Compared to this time last year, overall construction materials prices are up 4.9 percent. Nonresidential construction materials prices are up 4.7 percent year over year and up 1 percent on a monthly basis.
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President Trump Releases Infrastructure Proposal

On Feb. 12, President Donald Trump announced the release of his administration’s infrastructure proposal. ABC President and CEO Michael D. Bellaman issued the following statement on the president’s infrastructure plan: “ABC applauds the president for sending Congress a plan to rebuild America’s infrastructure. It is now time for lawmakers to develop legislation and policy to efficiently modernize America’s infrastructure and drive economic growth and prosperity for all Americans." Read the rest of entry »

Congress Passes Funding Deal Ahead of White House 2019 Budget Request

On Feb. 9, shortly before the White House released its 2019 budget request, both chambers of Congress passed, and the president signed, a funding agreement that sets a budget for fiscal years 2018 and 2019. The deal will raise federal spending caps by $300 billion in 2018 and 2019 and suspend the debt limit until 2019. Read the rest of entry »

ABC Commends White House Infrastructure Plan's Regulatory Streamlining, Workforce Development Expansion Goals

Associated Builders and Contractors (ABC) President and CEO Michael D. Bellaman issued the following statement on President Donald Trump’s infrastructure proposal:

“ABC applauds the president for sending Congress a plan to rebuild America’s infrastructure. It is now time for lawmakers to develop legislation and policy to efficiently modernize America’s infrastructure and drive economic growth and prosperity for all Americans.
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Demand for Construction Workers Remains Strong

The unemployment report from the Bureau of Labor Statistics shows growth in both public and private construction spending, according to an analysis by ABC. Construction added 36,000 net new jobs in January, an impressive increase of 0.5 percent on a month-over-month basis.   Read the rest of entry »

Nonresidential Construction Maintains Momentum in December

Nonresidential construction spending expanded 0.8 percent in December, totaling $720.4 billion on a seasonally adjusted basis, according to ABC's analysis of data released by the U.S. Census Bureau. This represents the fifth consecutive month during which the pace of nonresidential spending has increased.  Read the rest of entry »

Year-end Data Show Economy Expanded in 2017, ABC Says; Fixed Investment Surged in Fourth Quarter

The U.S. economy grew by 2.3 percent in 2017, while fixed investment increased at an annual rate of 7.9 percent, according to an Associated Builders and Contractors (ABC) analysis of data released today by the Bureau of Economic Analysis. Read the rest of entry »

Construction Input Prices Inch Down in December, Up YOY Despite Low Inflation

Overall construction input prices declined 0.1 percent in December, yet despite the lack of inflation for the month, prices are up 5 percent on a year-over-year basis, according to an Associated Builders and Contractors (ABC) analysis of  Bureau of Labor Statistics data released today.  Nonresidential construction materials prices also declined 0.1 percent for the month and are up 4.8 percent from the same time one year ago.  Read the rest of entry »

Nonresidential Construction Employment Ends 2017 on a High Note

The nonresidential construction sector added 11,800 net new jobs in December, representing nearly 10 percent of the nation’s jobs created during the month, according to an Associated Builders and Contractors (ABC) analysis of data released today by the Bureau of Labor Statistics. The nation’s overall construction sector added 30,000 net new jobs in December, a 0.4 percent month-over-month increase.
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