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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: February 2014

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

Construction Materials More Volatile in January

Construction materials prices expanded 0.6 percent in January and are up 1.5 percent year over year, according to the Feb. 19 producer price index released by the Department of Labor.  More specifically, nonresidential construction materials prices are up 0.5 percent for the month and are 1 percent higher than the same time one year ago. Read the rest of entry »

Nonresidential Construction Gains Jobs in January

The construction industry gained 48,000 jobs in January, according to the Feb. 7 employment report by the U.S. Department of Labor (DOL). Nonresidential construction gained 21,000 jobs, representing a significant rebound from the 14,100 jobs lost by the segment in December. Nonresidential construction accounted for 47.7 percent of January’s total construction industry job gain and 28.1 percent of the construction industry job gain in the past year.
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Nonresidential Construction Spending Falls in December

December represented the end of a three-month winning streak for nonresidential spending growth. According to a Feb. 3 release by the U.S. Census Bureau, nonresidential construction spending fell 1.3 percent on a monthly basis and 1.1 percent on a yearly basis in December. Spending for the month totaled $573.07 billion on a seasonally adjusted, annualized basis.
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