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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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From the monthly archives: December 2014

We are pleased to present below all posts archived in 'December 2014'. If you still can't find what you are looking for, try using the search box.

Construction Materials Prices Down Again in November

Construction input prices fell again in November, down 0.8 percent for the month, according to the Dec. 12 producer price index (PPI) release by the Department of Labor. Prices have fallen in five of the past six months but still are 0.6 percent higher on a year-over-year basis. Inputs to nonresidential construction fell 1.1 percent and are unchanged from the same time last year. Read the rest of entry »

Nonresidential Construction Adds Nearly 5,000 Jobs in November

The U.S. construction industry added 20,000 jobs in November, with nonresidential construction contributing 4,900 of them, according to the Bureau of Labor Statistics preliminary estimate released Dec. 5. October’s overall construction estimate was revised downward from 12,000 to 7,000 net new jobs and nonresidential construction lost 2,100 jobs in October, after revisions. Read the rest of entry »

Nonresidential Construction Spending Rebounds in October

Nonresidential construction spending bounced back in October, expanding 1 percent on a monthly basis and 4.3 percent year over year, according to a Dec. 2 release from the U.S. Census Bureau.  Spending for the month totaled $611.8 billion on a seasonally adjusted, annualized basis. Additionally, the government revised the September spending figure up to $605.8 billion from $596.1 billion. Read the rest of entry »