Archives


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.  

If you wish to receive Construction Economic Updates as they are released, opt-in on the subscribe page

For media inquiries, contact Jeff Leieritz at leieritz@abc.org.

Construction Materials Prices Flat in July

Overall, construction materials prices inched higher in July and are up 2 percent year over year, according to the Aug. 15 producer price index (PPI) release by the Department of Labor. Nonresidential construction materials prices were flat for the month and are just 1.4 percent higher than at the same time one year ago. 
Read the rest of entry »

Nonresidential Construction Spending Growth Falters in June

Nonresidential construction spending fell in June after posting significant growth during the prior two months, according to the Aug. 1 release from the U.S. Census Bureau. Nonresidential construction spending fell 2.8 percent on a monthly basis in June, but has risen 4.6 percent on a year-over-year basis. Spending for the month totaled $588.8 billion on a seasonally adjusted, annualized basis, while the government revised the estimate for nonresidential construction spending in May from $596.2 billion to $605.6 billion.
Read the rest of entry »

Nonresidential Construction Employment Regains Momentum in July

The U.S. construction industry added 22,000 jobs in July, according to the Bureau of Labor Statistics’ Aug. 1 preliminary estimate. June’s report was also upwardly revised to show a gain of 10,000 jobs in the industry. Nonresidential construction added 6,600 jobs in July, with heavy and civil engineering adding 2,500 of those jobs. This represents a significant improvement from June when the nonresidential construction industry added just 100 jobs. 
Read the rest of entry »

Nonresidential Fixed Investment Expands 5.5 Percent During Robust Second Quarter

Nonresidential fixed investment expanded 5.5 percent and residential fixed investment expanded 7.5 percent during the second quarter of 2014 according to a July 30 release by the Bureau of Economic Analysis. Overall, real gross domestic product (GDP) increased 4 percent (seasonally adjusted annual rate) during the second quarter of 2014 following a 2.1 percent decrease (revised from -2.9 percent) in the first quarter.  
Read the rest of entry »

Construction Materials Prices Inch Higher in June

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. 
Read the rest of entry »

Construction Adds Jobs in June But Nonresidential Growth is Sluggish

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.
Read the rest of entry »

Nonresidential Construction Spending Continues to Expand in May

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.
Read the rest of entry »

Construction Materials Prices Flat in May

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. 
Read the rest of entry »

Nonresidential Construction Employment Declines in May

The U.S. construction industry only gained 6,000 jobs in May, according to the June 6 employment report by the U.S. Department of Labor (DOL). Nonresidential construction segments lost 500 jobs in May, a surprising departure from the 12,600 jobs (revised) added in April. The residential sector performed slightly better, adding 3,300 jobs for the month. The heavy and civil engineering sector added 3,200 jobs in May and has added an impressive 32,600 jobs in the past 12 months.
Read the rest of entry »

Nonresidential Construction Spending Expands in April

Nonresidential construction spending inched up in April and has now expanded for two consecutive months, according to the June 2 release by the U.S. Census Bureau. Nonresidential construction spending expanded by 0.4 percent on a monthly basis in April and has risen 3.9 percent on a year-over-year basis. Spending for the month totaled $570.6 billion on a seasonally adjusted, annualized basis.
Read the rest of entry »
Pages: Prev1234567...8NextReturn Top