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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: March 2017

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

Construction Input Prices Expand for Third Straight Month; Petroleum Prices Soar Year-over-Year

WASHINGTON, D.C., March 14—Construction input prices expanded 0.3 percent on a monthly basis and 4.8 percent on a year-over-year basis in February, according to analysis of U.S. Bureau of Labor Statistics (BLS) data released today by Associated Builders and Contractors (ABC). This represents the most rapid yearly growth in construction input prices in more than five years. Read the rest of entry »

Construction Job Growth Surges in February

WASHINGTON, D.C., March 10—National construction employment surged in February as the industry added 58,000 seasonally adjusted net new jobs, according to analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC). February’s data represents the best month for construction job creation since March 2007. Nonresidential construction added nearly two-thirds of net new construction jobs with 38,500 jobs added for the month. Read the rest of entry »

Nonresidential Spending Slips to Start 2017

WASHINGTON, D.C., March 1—Nonresidential construction spending contracted during January, according to analysis of U.S. Census Bureau released today by Associated Builders and Contractors (ABC). Nonresidential spending fell 1.9 percent from December to $698.4 billion on a seasonally adjusted, annualized basis.  This represents the first month total nonresidential construction spending dipped below $700 billion since July 2016. Read the rest of entry »