Search


Archives
View Past Editions of E-Newsletter

Subscribe to Newsline, ABC's weekly member newsletter.

Newsline



Newsline RSS

From the category archives: Economics

Share Your Backlog and Help ABC Expand Its Economic Data

ABC’s unique quarterly Construction Backlog Indicator (CBI) gives ABC members and the broader construction community a look at the future economic health of the construction industry by measuring the amount of work companies are contracted to complete in the months and years ahead. CBI is a forward-looking indicator compiled from surveys completed monthly by ABC members indicating the amount of work under contract but yet to be completed in the months and years ahead. All reported data is confidential, if you’re not participating, sign up today.
Read the rest of entry »

Nonresidential Construction Spending and Fixed Investment Rise Moderately to End 2014

Nonresidential construction spending grew 0.4 percent on a monthly basis in Dec. 2014, according to the Feb. 2 release from the U.S. Census Bureau. Spending for the month totaled $627.1 billion on a seasonally adjusted, annualized basis, 5.9 percent higher than Dec. 2013. The government also upwardly revised November’s spending estimate from $617 billion to $624.8 billion and October’s figure from $623 billion to $627.4 billion. “Despite the slight expansion indicated in today’s report, nonresidential construction lost some of its momentum during the final two months of 2014; however, this should represent only a minor dip in the industry’s momentum headed into 2015,” said Anirban Basu.
Read the rest of entry »

Continued Construction Industry Growth Predicted for 2015

In his 2015 economic forecast released Dec. 9, ABC Chief Economist Anirban Basu relayed his forecast for a steady recovery among the U.S. commercial and industrial construction industries in 2015, continuing the momentum built in 2014.
Read the rest of entry »

Construction Backlog is on the Rise

ABC’s Construction Backlog Indicator (CBI) reached an all-time high in the second quarter of 2014, according to a report issued Aug. 19. After falling 2.8 percent in the first quarter, second quarter CBI improved 5.4 percent to reach 8.5 months. In addition, there were gains in every industry segment, in nearly all geographic regions and for firms of almost all sizes. ABC’s chief economist expects that trend to continue. Read the rest of entry »

Economic Outlook for Construction is Optimistic

According to recent economic indicators and the predictions of three industry economists, the construction industry can be optimistic about its future. In particular, ABC Chief Economist Anirban Basu expects nonresidential construction to achieve 7 percent nominal growth in 2014, despite ongoing challenges in the public construction segment. Read the rest of entry »

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. Read the rest of entry »

Tax Season Reminds Construction Industry of High Effective Rates

Many ABC members were greeted with a significant tax increase this tax day, April 15. Construction contractors who survived the recession already paid the highest effective tax rate of any sector, and now they face even higher taxes thanks to rising marginal rates, reinstated limits on deductions, and new surtaxes on wages and income stemming from the health care law. Read the rest of entry »

Study Finds Commercial Construction has $10 Billion Impact On Alabama

An economic study organized by the Associated Builders and Contractors (ABC) Alabama chapter found commercial construction’seconomic impact exceeds $9.6 billion, making it the largest industry in the state. 
Read the rest of entry »

Big and Small Business Coalitions Unite on Comprehensive Tax Reform

The Coalition for Fair Effective Tax Rates and the Reforming America’s Taxes Equitably (RATE) Coalition held a joint press conferenceSept. 19 to support the passing of comprehensive tax reform that would lower both individual and corporate rates and eliminate distorting tax preferences. 
Read the rest of entry »

Study Finds Individual Tax Rates Have Strong Impact on Business Activity

A study completed by the Tax Foundation found that, with pass-through businesses surpassing traditional corporations in number, individual tax rates with higher burdens impact hiring and other investment plans, causing an already struggling economy to remain unstable.
Read the rest of entry »