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ABC's Construction Economic Update covers the latest commercial and industrial construction economic news. Delivered electronically, it provides an analysis of the monthly economic indices released by the federal government, including construction spending, employment, the producer price index and the quarterly gross domestic product.  

ABC's 2016 Construction Economic Updates will be delivered according to this schedule.

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For media inquiries, contact Donna Reichle at reichle@abc.org.

Construction Spending Rises 0.6 Percent in July

The nation’s builders were busy in July as construction spending increased 0.6 percent to $900.8 billion—the largest upswing in four years—according to the Sept. 3 report by the U.S. Commerce Department. Nonresidential construction spending also rose 0.6 percent in July, but is down 0.8 percent compared to one year ago.
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Construction Materials Prices Remain Flat in July

Construction materials prices were unchanged in July but are up 2 percent year over year, according to the latest Producer Price Index release by the U.S. Labor Department. Nonresidential construction materials prices were down 0.1 percent for the month and are 1.8 percent higher than one year ago.
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Construction Unemployment Dips 0.7 Percent in July Despite 6,000 Job Losses

Despite the loss of 6,000 jobs, the nation’s construction industry unemployment rate dipped to 9.1 percent in July on a non-seasonally adjusted rate, according to the U.S. Labor Department’s Aug. 2 employment report. That is down from 9.8 percent in June and 12.3 percent the same time last year. Overall, the construction labor force expanded from 8.08 million in July 2012 to 8.43 million in July 2013.
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Nonresidential Fixed Investment in Structures Expands 4.6 Percent

Nonresidential fixed investment in structures expanded 4.6 percent on an annualized basis during the second quarter of 2013, according to the July 31 gross domestic product (GDP) report by the U.S. Commerce Department. This increase followed a 4.6 percent decline in the first quarter of the year.
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Construction Materials Prices Dip 0.1 Percent in June

Year over year, construction materials prices are 1.5 percent higher. Nonresidential construction materials prices were unchanged in June, rose 0.1 percent for the quarter and increased 1.2 percent during the last 12 months.
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Nation’s Construction Industry Adds 13,000 Jobs in June

In June, the nation’s construction industry unemployment rate fell to 9.8 percent for the first time since September 2007 with the addition of 13,000 jobs, according the July 5 report by the Department of Labor. Since June 2012, the industry has added 190,000 jobs—a 3.4 percent increase. Read the rest of entry »

Nonresidential Construction Spending Inches Up 0.1 Percent in May

In a further sign of slow economic recovery, the nation’s nonresidential construction spending inched up 0.1 percent in May, according to the July 2 report by the U.S. Commerce Department. On a year-over-year basis, nonresidential construction spending was down 2.9 percent in May, with spending totaling $546.3 billion on a seasonally adjusted, annualized basis.
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Construction Materials Prices Remain Flat in May

National construction materials prices were unchanged in May and have been flat during the past three months, according to the June 14 report by the U.S. Labor Department. Year over year, construction materials prices are up just 0.8 percent. Nonresidential construction materials prices increased 0.2 percent for the month and are up 0.3 percent from one year ago.
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Construction Industry Unemployment Rate Falls to 10.8 Percent

With the summer building season underway, the nation’s construction industry added 7,000 jobs in May as the unemployment rate dipped to 10.8 percent, which is down from 13.2 percent in April and the lowest rate since October 2008, according to U.S. Labor Department. Since May 2012, the industry added 189,000 jobs, or 3.4 percent.  
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Nonresidential Construction Spending Increases 0.7 Percent in April

After a disappointing March, the nation’s nonresidential construction industry bounced back moderately in April. According to the June 3 release by the U.S. Census Bureau, nonresidential construction spending increased 0.7 percent in April, with outlays increasing to a seasonally adjusted annualized rate of $552.45 billion. However, nonresidential construction spending is down 2.1 percent from one year ago.
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