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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.

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 »

Construction Material Prices Rise for First Time in Nine Months

Construction input prices rose on a monthly basis in March for the first time in nine months according to an analysis of the Bureau of Labor Statistics (BLS) Producer Price Index released today by Associated Builders and Contractors (ABC). Input prices expanded 0.9 percent on a monthly basis in March but are still down 3.4 percent on a year-over-year basis. Read the rest of entry »

Nonresidential Spending Slip in February No Cause for Alarm

Nonresidential construction spending dipped in February, falling 1.4 percent on a monthly basis according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Spending in the nonresidential sector totaled $690.3 billion on a seasonally adjusted, annualized basis in February. While this represents a step back from January’s figure of $700.3 billion (revised down from $701.9 billion), it is still 1.5 percent higher than the level of spending registered in December 2015 and 10.1 percent higher than February 2015.   Read the rest of entry »

Construction Remains One of Economy’s Bright Spots

The U.S. construction industry added 37,000 net new jobs in March according to an analysis of today’s  the U.S. Bureau of Labor Statistics release by Associated Builders and Contractors (ABC). On a year-over-year basis, construction employment expanded by 301,000 net new jobs, the industry’s largest annual increase since May 2015.  The industry added 20,000 net new jobs in February (revised upward from 19,000) and 18,000 net new jobs in January. Read the rest of entry »

Construction Material Prices Continue Free Fall in February

WASHINGTON, D.C., March 15— Construction input prices fell for the eighth consecutive month during February 2016 according to an analysis of the Bureau of Labor Statistics Producer Price Index released today by Associated Builders and Contractors (ABC). Read the rest of entry »

Construction Employment Growth Slow but Steady

WASHINGTON, D.C., March, 4—The U.S. construction industry added 19,000 net new jobs in February according to an analysis of today's U.S. Bureau of Labor Statistics employment release by Associated Builders and Contractors (ABC). Year-over-year, the industry has added 253,000 net new jobs, an increase of 4 percent. The nonresidential sector added only 2,800 net new jobs in February after adding 3,600 jobs in January (revised upward from 2,900). Nonresidential specialty trade contractors lost jobs for the second consecutive month, while residential specialty trade contractors added 13,800 net new jobs in February—more than the other four subsectors combined. The civil and heavy engineering category continued its tepid growth, adding just 700 net new jobs for the month. Read the rest of entry »

Nonresidential Spending Regains Momentum in January

Nonresidential construction spending crested the $700 billion mark on a seasonally adjusted annualized basis in January for the first time since March 2009, according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential construction spending expanded 2.5 percent on a monthly basis and 12.3 percent on a yearly basis, totaling $701.9 billion. The Census Bureau upwardly revised December’s estimate from $681.2 billion to $684.5 billion, though they downgraded November’s figure from $683.7 to $680.5 million. Private nonresidential construction spending increased by 1 percent for the month, while its public counterpart expanded by 4.6 percent. Read the rest of entry »

Construction Material Prices Continue to Plunge in January

WASHINGTON, D.C., Feb. 17—Construction input prices fell by 0.6 percent during January 2016 according to an analysis of the Bureau of Labor Statistics Producer Price Index released today by the Associated Builders and Contractors (ABC).  Construction input prices are down 2.7 percent from January 2015 and have now decreased on a year-over-year basis for 14 consecutive months. Read the rest of entry »

Construction Unemployment Rose in January

WASHINGTON, D.C., Feb. 5—The U.S. construction industry’s unemployment rate rose to 8.5 percent in January, the highest level since March of 2015, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC). The unemployment rate across all industries shed a tenth of a percentage point and now sits at 4.9 percent, the lowest level since February of 2008. Read the rest of entry »
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