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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 2017

We are pleased to present below all posts archived in 'February 2017'. If you still can't find what you are looking for, try using the search box.

Construction Input Prices Surge to Start 2017

WASHINGTON, D.C., Feb. 14—Construction input prices collectively rose by 1 percent on a monthly basis and 3.8 percent on a year-over-year basis, according to analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. This represents the fastest year-over-year rate of materials price inflation since the beginning of 2012. Nonresidential input prices rose 0.9 percent for the month and are up 4 percent year over year. Read the rest of entry »

Construction Job Growth Rebounds in 2017

WASHINGTON, D.C., Feb. 3—National construction employment started 2017 on a high note, adding 36,000 net new jobs on a seasonally adjusted basis in January, according to analysis of U.S. Bureau of Labor Statistics data released today by the Associated Builders and Contractors (ABC). The 0.5 percent increase represents the best month for construction employment growth since March of 2016. Read the rest of entry »

Nonresidential Spending Falters Slightly to End 2016

WASHINGTON, D.C., Feb. 1—Nonresidential construction spending slipped 0.7 percent in the final month of 2016, but increased 4.6 percent over the previous year, according to analysis of  U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential spending decreased from $713.1 billion in November to $708.2 billion in December on a seasonally adjusted, annualized basis. Read the rest of entry »