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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.

ABC Predicts Moderate Construction Recovery Will Continue In 2013

Associated Builders and Contractors (ABC) today released its 2013 economic forecast for the U.S. commercial and industrial construction industry, and it shows the continuation of a modest recovery for nonresidential construction next year.
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Nonresidential Construction Spending Rises 0.5 Percent in October

The nation’s nonresidential construction industry experienced a modest gain in October as spending increased 0.5 percent to $571.3 billion, according to the Dec. 3 report by the U.S. Census Bureau. Total nonresidential construction spending–which includes both private and public projects–is up 5.1 percent compared to one year ago.  
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Construction Materials Prices Decrease 0.4 Percent in October

The nation’s construction materials prices fell for the first time in three months, slipping 0.4 percent in October, according to the U.S. Labor Department’s producer price index (PPI). However, materials prices remain 2 percent higher than one year ago. Nonresidential construction materials prices decreased 0.5 percent for the month, but were 1.8 percent higher on a year-over-year basis.
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Nonresidential Construction Spending Down 0.4 Percent in September

Despite a flurry of activity in residential construction spending, nonresidential construction spending decreased 0.4 percent in September, with outlays falling to a seasonally adjusted annual rate of $559.4 billion, according to the Nov. 1 construction spending report by the U.S. Commerce Department. Year-over-year, total nonresidential construction spending is up 2.6 percent, slightly higher than inflation.
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Construction Unemployment Rises to 11.9 Percent in September

In a sign the nation’s construction industry continues to struggle, the construction unemployment rate rose to 11.9 percent in September, up from 11.3 percent in August, according to the Labor Department’s Oct. 5 employment report. However, the construction unemployment rate is down from 13.3 percent the same time last year. Read the rest of entry »

Construction Spending Declines Second Month in Row; Down 0.6 Percent in August

Construction spending has fallen for the second consecutive month, dipping 0.6 percent in August, according to the U.S. Census Bureau. However, spending is up 6.5 percent from one year ago.  Read the rest of entry »

Construction Materials Prices Increase for First Time in Four Months

The nation’s construction materials prices increased for the first time in four months, rising 0.9 percent in August, according to the Sept. 13 Producer Price Index report by the U.S. Labor Department. Year over year, construction materials prices are up 1 percent. Nonresidential construction materials prices were 1 percent higher for the month and are up 0.7 percent from August 2011. Read the rest of entry »

Construction Spending Slips 0.9 Percent in July

Further signaling a lackluster national economy, construction spending – which includes both nonresidential and residential building – decreased 0.9 percent in July, but is up 9.3 percent year over year, according to the Sept. 4 report by the U.S. Census Bureau. Read the rest of entry »

Nonresidential Construction Spending Unchanged in June

“Nonresidential construction spending in June was roughly in accordance with expectations,” said Associated Builders and Contractors (ABC) Chief Economist Anirban Basu. “The volume of spending was virtually unchanged for the month, reflecting an economy that is growing slowly, but with an insufficient level of confidence to produce significant numbers of new construction starts. Read the rest of entry »

Investment in Nonresidential Structures Slows Sharply During Second Quarter

Investment in the nation’s nonresidential structures rose 5.3 percent in the second quarter of the year, following a revised 7.5 percent increase in the first quarter of 2012, according to the July 27 gross domestic product report (GDP) by the U.S. Commerce Department. Read the rest of entry »