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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: May 2014

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

Construction Materials Prices Increase for Fifth Consecutive Month

Overall construction materials prices increased 0.4 percent in April and are up 1.5 percent year over year, according to the May 14 Producer Price Index released by the U.S. Department of Labor. Nonresidential construction material prices were up 0.5 percent for the month and are 1.4 percent higher than the same time last year. 
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Employment Report Surpasses Expectations in April

The U.S. construction industry gained 32,000 jobs in April, according to the May 2 employment report by the U.S. Department of Labor (DOL). Nonresidential construction segments added 8,100 jobs in April, up from the 5,700 jobs (revised) added in March, while the residential sector continued to build momentum, adding 13,100 jobs for the month. Heavy and civil engineering led the way by adding 10,500 jobs in April. The segment has added an impressive 34,900 jobs in the past 12 months.
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Nonresidential Construction Spending Inches Down in March

Nonresidential construction spending inched down in March, making it the third consecutive month in which spending declined. Nonresidential construction spending fell 0.1 percent on a monthly basis in March but has risen 4.4 percent on a yearly basis according to a May 1 release by the U.S. Census Bureau. Spending for the month totaled $568.5 billion on a seasonally adjusted, annualized basis. Read the rest of entry »