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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.

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 »

Nonresidential Construction Spending Stalls in May, Falls to Lowest Level in 2016

WASHINGTON, D.C., July 1—Nonresidential construction spending dipped 1.3 percent in May according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential spending, which totaled $684.9 billion on a seasonally adjusted, annualized rate, has expanded 1.2 percent since May 2015. Read the rest of entry »

Construction Material Prices Rise Again

WASHINGTON, D.C., June 15—Construction input prices expanded by 0.7 percent in May and have now expanded for three consecutive months according to an analysis of the Bureau of Labor Statistics Producer Price Index released today by Associated Builders and Contractors (ABC). The rise follows eight consecutive months during which construction input prices fell; prices remain 3.4 percent below their year-ago level.
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Construction Job Losses Worst Since 2013, ABC Reports

WASHINGTON, D.C., June 3—The U.S. construction industry lost 15,000 net jobs in May according to an analysis of today’s U.S. Bureau of Labor Statistics report by Associated Builders and Contractors (ABC). This represents the industry’s worst month since December 2013, when payrolls also shrank by 15,000 jobs. Including April’s estimate, which was downwardly revised from 1,000 net new jobs to a loss of 5,000 net jobs, the industry has now lost jobs in two consecutive months for the first time in four years. Read the rest of entry »

Nonresidential Construction Spending Down in April

WASHINGTON, D.C., June 1- Nonresidential construction spending fell 2.1 percent in April according to analysis of  U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential spending totaled $688.2 billion on a seasonally adjusted, annualized rate. Read the rest of entry »

Construction Material Prices Rise Month-to-Month, Remain Historically Low

WASHINGTON, D.C., May 13—Construction input prices expanded on a monthly basis for the second consecutive month in April, increasing by 0.5 percent according to an analysis of the Bureau of Labor Statistics (BLS) Producer Price Index released today by Associated Builders and Contractors (ABC). The two-month growth streak follows nine consecutive months during which construction input prices fell and construction input prices remain 2.9 percent below their April 2015 levels. Read the rest of entry »

Nonresidential Construction Expands, Industry Unemployment Rate Plunges

WASHINGTON, D.C., May 6- The U.S. construction industry added just 1,000 net new jobs in April according to an analysis of today’s U.S. Bureau of Labor Statistics (BLS) release by Associated Builders and Contractors (ABC). Although industrywide job growth was marginal, the nonresidential construction sector added 6,600 net new jobs for the month. Revisions to the previous two months of construction data produced a net decrease of 3,000 jobs, with March’s construction employment estimate raised by 4,000 jobs but February’s downgraded by 7,000 positions. Read the rest of entry »

Nonresidential Spending Slips in March

WASHINGTON, D.C., May 2- Nonresidential construction spending fell 0.4 percent on a monthly basis in March, according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC), but it was up 8.3 percent on a year-over-year basis to $695.7 billion. Eight of 16 nonresidential construction subsectors experienced monthly spending growth in March and twelve are up on a year-ago basis.   Read the rest of entry »

Quarterly GDP Growth Slowest in Two Years

WASHINGTON, D.C., April 28— Real gross domestic product (GDP) expanded only 0.5 percent (seasonally adjusted annual rate) during 2016’s first quarter according to an analysis of Bureau of Economic Analysis data released today by Associated Builders and Contractors (ABC). This disappointing figure follows a 1.4 percent annualized rate of economic output expansion during the fourth quarter of 2015.   Read the rest of entry »
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