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Construction Economics

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Construction Materials Prices Inch Higher in June

Wednesday, July 16, 2014

Overall construction materials prices increased by 0.1 percent in June and are up 1.9 percent year over year, according to the July 16 producer price index release by the U.S. Department of Labor. Nonresidential construction materials prices also expanded 0.1 percent for the month and are 1.4 percent higher than one year ago. 


Construction Adds Jobs in June But Nonresidential is Sluggish

Thursday, July 03, 2014

The U.S. construction industry added 6,000 jobs in June, according to the Bureau of Labor Statistics (BLS) July 3 report; however, nonresidential construction added only 700 of those jobs and the heavy and civil engineering sector lost 700 jobs.


Nonresidential Construction Spending Continues to Expand in May

Tuesday, July 01, 2014

Nonresidential construction spending expanded in May for the second consecutive month (based on revised data), according to a July 1 release from the U.S. Census Bureau. Nonresidential construction spending rose 1.1 percent on a monthly basis in May and has increased 6.4 percent on a year-over-year basis. Spending for the month totaled $596.2 billion on a seasonally adjusted, annualized basis. Additionally, nonresidential construction spending for April was revised upward from $570.6 billion to $589.9 billion.


Construction Materials Prices Flat in May

Friday, June 13, 2014

Overall construction materials prices remained flat in May but are up 1.6 percent year over year according to the June 13 Producer Price Index release supplied by the Department of Labor.  Nonresidential construction materials prices fell 0.2 percent for the month but are 1.3 percent higher than at the same time one year ago. 


Nonresidential Construction Backlog Slides in Icy First Quarter

Tuesday, June 03, 2014

Harsh winter weather helped produce a 2.8 percent decline in Associated Builders and Contractors’ (ABC) Construction Backlog Indicator (CBI) during 2014’s first quarter. The weather also impacted construction starts, architectural billings and many other construction-related metrics. Overall CBI now stands at 8.1 months—down from the 8.3 months in the previous quarter, but up from 7.9 months a year ago.


CBI Hits Post-Recession High

Tuesday, February 25, 2014

Associated Builders and Contractors’ (ABC) Construction Backlog Indicator (CBI) hit a post-recession high in the fourth quarter of 2013, growing from 8.2 months to 8.3 months (1.3 percent). Compared to a year ago, CBI is 3.9 percent higher—up from 8 months at the end of 2012. 


CBI Remains Virtually Unchanged In Third Quarter

Tuesday, November 19, 2013

As the economy gradually recovers, nonresidential construction spending remains unchanged—a good sign the downturn in the industry has stopped, according to the Construction Backlog Indicator (CBI) produced by Associated Builders and Contractors (ABC).CBI also remained nearly unchanged between the second and third quarters of 2013. 


Second Quarter Construction Backlog Jumps 3.9 Percent

Monday, August 19, 2013

Associated Builders and Contractors (ABC) today reports its Construction Backlog Indicator (CBI) rose 3.9 percent during the second quarter of 2013 and now stands at 8.2 months, up from 7.9 months the previous quarter. Construction backlog is up 6.6 percent compared to the same time last year. CBI reflects the amount of commercial and industrial construction work under contract, but not yet completed.


Level of Confidence Rises Among Contractors

Tuesday, March 18, 2014

Gains in the Associated Builders and Contractors’ (ABC) Construction Confidence Index (CCI) indicate that contractor confidence expanded as 2013 wound to a close, particularly with respect to near-term industry profit margins and staffing levels.  The CCI measures construction prospects along three dimensions – revenues, profit margins and hiring.  All three indices remained above the threshold value of 50, which indicates growth, and each is up on a year-over-year basis.


Despite Headwinds, Contractor Confidence Rises In First Half Of 2013

Wednesday, September 25, 2013

Associated Builders and Contractors’ Construction Confidence Index (CCI) shows confidence among nonresidential contractors increased slightly during the first half of 2013, despite sequestration and rising interest rates.  


Construction Confidence Dips In Second Half Of 2012

Tuesday, January 22, 2013

Associated Builders and Contractors (ABC) today released its Construction Confidence Index (CCI) for the second half of 2012. The CCI reflects three aspects of the U.S. nonresidential construction industry: sales prospects, staffing levels and profit margins.


Construction Confidence Wanes as Nation Approaches Fiscal Cliff

Tuesday, August 21, 2012

WASHINGTON, D.C. – Associated Builders and Contractors (ABC) today released its newest construction economic measure, the Construction Confidence Index (CCI). The CCI reflects three aspects of the U.S. nonresidential construction industry – sales prospects, staffing levels, and profit margins. During the second quarter of 2012, all three indices declined, undoing much of the first quarter’s progress and indicating that nonresidential construction momentum is waning. However, index values remain above 50, indicating ongoing expectations of construction spending growth.
  • Sales expectations fell from 68.3 to 62.3
  • Profit margins fell from 57.9 to 53.5
  • Staffing levels fell from 64.3 to 59.8