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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: July 2015

We are pleased to present below all posts archived in 'July 2015'. If you still can't find what you are looking for, try using the search box.

Nonresidential Fixed Investment Falls in Second Quarter

Nonresidential fixed investment fell by 0.6 percent during the second quarter after expanding by 1.6 percent during the first quarter, according to the July 30 real gross domestic product (GDP) report by the Bureau of Economic Analysis (BEA). For the economy as a whole, real GDP expanded by 2.3 percent (seasonally adjusted annual rate) during the second quarter following a 0.6 percent increase during the year’s first quarter. Note that the first quarter estimate for nonresidential fixed investment was revised upward from -3.4 percent annualized growth. Read the rest of entry »

Construction Materials Prices, Dominated by Crisis Economics, Expand Slightly in June

Prices for inputs to construction industries expanded 0.2 percent in June after increasing 1.1 percent in May. Year-over-year prices were down 2.2 percent in June and prices have not increased on an annual basis for the past seven months. The last time this occurred was the third and fourth quarter of 2009 when the global economy was still reeling from the financial crisis; however, June’s year-over-year decline in construction input prices was the smallest of 2015. Prices of inputs to nonresidential construction industries rose 0.3 percent on a monthly basis, but are down 3.6 percent on a yearly basis. Read the rest of entry »

Nonresidential Construction Employment Remains Essentially Unchanged in June

U.S. construction industry employment was effectively unchanged in June, according to the Bureau of Labor Statistics preliminary estimate released July 2, 2015. May’s estimate was revised downward from 17,000 to 15,000 net new jobs. Nonresidential construction lost 1,100 jobs in June, with nonresidential specialty trade contractors losing 5,600 jobs and the nonresidential building segment gaining 4,500 jobs. Residential construction shed 2,400 jobs for the months. The heavy and civil engineering segment added 3,800 net new jobs in June. 
Read the rest of entry »

Nonresidential Construction Spending Continues Growth With Stellar May

Through the first five months of 2015, nonresidential construction spending is having its second best year since the Census Bureau began tracking the metric in 2002. According to the July 1 release, nonresidential construction spending increased 1.1 percent on a month-over-month basis and 8.1 percent on a year-over-year basis, and totals $669.6 billion on a seasonally adjusted, annualized basis. From January to May, nonresidential spending expanded by 7.1 percent; the only year in which the segment saw faster growth was 2007. Since then, growth over each year’s initial five months has averaged only 1.8 percent. 
Read the rest of entry »