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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.  

ABC's 2016 Construction Economic Updates will be delivered according to this schedule.

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

Backlog Skyrockets for Largest Firms During Second Quarter, But Falls to 8.5 Months Overall

WASHINGTON, D.C., Sept. 20–Construction backlog for large contractors reached a new peak of 14.06 months during the second quarter of 2016, according to the Associated Builders and Contractors (ABC) Construction Backlog Indicator (CBI) released today. The new high for companies with annual revenue above $100 million shattered the previous high of 12.25 months for any revenue segment, which was recorded in the first quarter of 2016 and second quarter of 2013. Read the rest of entry »

Construction Input Prices Dip in August

WASHINGTON, D.C., Sept. 15—Both nonresidential construction input prices and overall input prices fell in August as energy prices retrenched, according to an analysis of the Bureau of Labor Statistics Producer Price Index released today by Associated  Builders and Contractors (ABC). Nonresidential construction input prices were down 0.2 percent on a month-over-month basis and 1.7 percent on a year-over-year basis. Read the rest of entry »

Construction Employment Falters in August

WASHINGTON, D.C., Sept. 2—The U.S. construction industry lost 6,000 net jobs in August according to an analysis of U.S. Bureau of Labor Statistics (BLS) data released today by Associated Builders and Contractors (ABC). BLS also downwardly revised July’s estimate from 14,000 net new jobs to 11,000 net new jobs meaning that the construction industry has lost 25,000 net jobs since April after adding 68,000 through the first three months of 2016. Read the rest of entry »

Nonresidential Spending Inches Lower in July; June Data Upwardly Revised to Eight-year Record

WASHINGTON, D.C., Sept. 1—Nonresidential construction spending inched 0.3 percent lower in July largely due to a significant upward revision to June’s spending figure, according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential spending totaled $701.4 billion on a seasonally adjusted annualized basis in July, the second highest month since November of 2008, right behind June, which was revised upward from $682 billion to $703.5 billion. Public nonresidential spending continued to falter, declining 3.2 percent for the month and 6.5 percent for the year. Read the rest of entry »

Construction Input Prices Stable in July

WASHINGTON, D.C., Aug. 12—Nonresidential construction input prices were unchanged in July according to an analysis of the Bureau of Labor Statistics Producer Price Index released today by Associated Builders and Contractors. Input prices for both the nonresidential construction segment and construction as a whole are 2.3 percent lower than they were a year ago. Read the rest of entry »

Nonresidential Construction Growth on Pace with Strong July Jobs Report

WASHINGTON, D.C., Aug. 5—The U.S. construction industry has rebounded strongly, adding 14,000 net new jobs in July according to an analysis of Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC). This gain comes after the construction sector lost a combined 27,000 jobs from April to June. The construction industry’s unemployment rate inched lower in July, shedding a tenth of a percentage point to reach 4.5 percent, the industry’s lowest unemployment rate since October 2006. Read the rest of entry »

Nonresidential Construction Spending Down Again in June, First Annual Decline Since 2013

WASHINGTON, D.C., Aug. 1—Nonresidential construction spending dipped 1 percent in June and has now contracted for three consecutive months according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential spending, which totaled $682 billion on a seasonally adjusted, annualized rate, has fallen 1.1 percent on a year-over-year basis, marking the first time nonresidential spending has declined on an annual basis since July 2013. Read the rest of entry »

Output Expands, but Nonresidential Fixed Investment Falters As Economic Malaise Continues

WASHINGTON, D.C., July 29—Real gross domestic product (GDP) expanded 1.2 percent (seasonally adjusted annual rate) during 2016’s second quarter according to according to an analysis of Bureau of Economic Analysis data released today by Associated Builders and Contractors (ABC). This modest figure follows a 0.8 percent annualized rate of output growth registered during the year’s first quarter. Read the rest of entry »

Construction Input Prices Continue Ascent, Could Pressure Margins

WASHINGTON, D.C., July 14—Construction input prices expanded in June, rising 1.1 percent on a monthly basis according to an analysis of the Bureau of Labor Statistics Producer Price Index released today by Associated Builders and Contractors (ABC). Today’s report marks the fourth consecutive month that input prices have expanded following eight straight months of decline. Read the rest of entry »

Construction Labor Force Shrinks, Job Numbers Flat

WASHINGTON, D.C., July 8—Despite a broader U.S. labor market rebound in June, the construction industry failed to add jobs for a third consecutive month, according to an analysis of today’s U.S. Bureau of Labor Statistics report by Associated Builders and Contractors (ABC). The construction industry’s employment level remained essentially unchanged in June.   Read the rest of entry »
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