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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.  

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Posts Tagged 'Construction Economics'

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Nonresidential Spending Falls Again in December

WASHINGTON, D.C. Feb. 1—Nonresidential construction spending dipped for a second consecutive month, falling 0.4 percent on a monthly basis in December, according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential construction spending totaled $681.2 billion on a seasonally adjusted, annualized basis. November’s nonresidential construction spending estimate was revised lower by 0.6 percent to $683.7 billion. 

Tepid GDP Growth a Sign Construction Spending May Sputter; Decline Unlikely

Real gross domestic product (GDP) expanded by just 0.7 percent (seasonally adjusted annual rate) during the fourth quarter of 2015, according to an analysis of the Bureau of Economic Analysis data released today by Associated Builders and Contractors (ABC). This paltry growth follows a 2 percent increase during the year’s third quarter and a 3.9 percent increase during the second quarter. For the year, GDP expanded by 2.4 percent, matching the rate of growth seen in 2014.

Construction Material Prices Continue Free Fall in December

Construction material prices fell for the sixth consecutive month in December, losing 1.2 percent on a monthly basis and 4 percent on a yearly basis according to an analysis of the Bureau of Labor Statistics Producer Price Index released today by Associated Builders and Contractors (ABC). Construction input prices have fallen 7.2 percent since peaking in August 2014, and have fallen in eleven of the previous sixteen months. Nonresidential construction input prices exhibited similar declines, falling 1.1 percent for the month and 4 percent for the year.

Construction Employment Surges at Year’s End

WASHINGTON, D.C., Jan. 8- The U.S. construction industry showed robust growth at the end of 2015, adding 45,000 net new jobs in December and 128,000 during the fourth quarter according to analysis of today’s employment release from the U.S. Bureau of Labor Statistics by Associated Builders and Contractors (ABC). The construction industry’s nonresidential component added 16,400 net new jobs in December while the residential sector accounted for 23,100 and the heavy and civil engineering sector contributed 4,800.

Nonresidential Construction Spending Slips in November; Ominous Indications in Census Bureau Report

WASHINGTON, D.C., Jan. 4- Nonresidential construction spending dipped by 0.8 percent in November, totaling $688.1 billion on a seasonally adjusted, annualized basis, according to analysis of  U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). This represents the worst monthly performance since April 2015. Moreover, October’s spending estimate was revised downward from $701.8 billion to $693.7 billion and September’s estimate was revised downward from $695 billion to $691.5 billion.

Construction Material Prices Plunge in November

WASHINGTON, D.C., Dec. 11- Construction input prices fell for the fifth consecutive month in November according to an analysis of the Bureau of Labor Statistics’ Producer Price Index released today by Associated Builders and Contractors (ABC). Input prices fell 0.4 percent on a monthly basis and are down 4.2 percent on a year-over-year basis. Nonresidential construction prices behaved similarly, falling 0.5 percent month-over-month and 4.6 percent year-over-year. Only two of the 11 key input prices have risen since November 2014.

Nonresidential Spending Retains Momentum in October

WASHINGTON, D.C., Dec. 1- Nonresidential construction spending expanded in October for the third consecutive month (September’s estimate was revised higher than August’s) according to analysis of   U.S. Census Bureau data released by Associated Builders and Contractors (ABC) today.  Nonresidential construction spending totaled $701.8 billion in October on a seasonally adjusted annualized rate, a 1 percent increase on a monthly basis and an 11 percent increase on a yearly basis.

Construction Material Prices Fall Further in October

WASHINGTON, D.C., Nov. 13- The Producer Price Index for inputs to construction industries declined for a fourth consecutive month in October, according to an analysis of the Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC). The index stands at its lowest level since the first quarter of 2011 as prices for construction inputs declined 0.2 percent on a monthly basis and 4.6 percent on a year-ago basis. Nonresidential construction input prices exhibit a similar pattern, falling 0.3 percent since last month and 5.1 percent over the past twelve months. Nine of 11 key input prices are down on a year-over-year basis.

Construction’s Percentage Job Gains Lead All Economic Sectors in October

WASHINGTON, D.C., Nov. 6—The U.S. construction industry added more jobs in October than during the previous four months combined, according to an analysis of Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC). Construction employment expanded by 31,000 net new jobs last month after adding 12,000 jobs in September (revised upward from 8,000). Nonresidential construction employment increased by 20,100 jobs in October after adding 11,100 jobs in September (revised upward from 6,800).

September’s Nonresidential Spending Slip No Cause for Concern, ABC Says

WASHINGTON, D.C., Nov. 2—Nonresidential construction spending fell in September for the first time in eight months, the U.S. Census Bureau reported today, but the monthly drop in spending is not a cause for concern according to analysis by Associated Builders and Contractors (ABC). Nonresidential construction spending fell by 0.1 percent from August, totaling $692.8 billion on a seasonally adjusted annualized basis.