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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 2018 Construction Economic Updates will be delivered according to this schedule.

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

For media inquiries, contact Donna Reichle at Reichle@abc.org.

Construction Material Prices Surge in April, Says ABC; Crude Petroleum Prices up 35 Percent Year Over Year

WASHINGTON, May 9—Prices for inputs to construction materials expanded 1.3 percent in April and are 6.4 percent higher than at the same time one year ago, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics data released today. This represents the largest month-over-month increase in almost three years and the largest year-over-year increase since October 2011. Prices for nonresidential construction inputs increased 1.6 percent on a monthly basis, and are up 6.3 percent year over year.  Read the rest of entry »

Construction Employment Inches Higher in April, Says ABC; Nonresidential Segment Adds 9,000 Net Jobs

WASHINGTON, May 4—Based on recently released data from the U.S. Bureau of Labor Statistics, the U.S. construction industry bounced back in April, adding 17,000 net new jobs, according to an analysis by Associated Builders and Contractors (ABC). Last month, initial estimates showed a 15,000 jobs loss, though that has since been revised upward to a loss of 10,000 jobs. During the past year, the construction industry has added 257,000 new jobs, representing a growth rate of 3.7 percent.  Read the rest of entry »

Nonresidential Construction Down in March, Says ABC; Private Sector Falters, Public Sector Unchanged

WASHINGTON, May 1—Nonresidential construction spending declined 0.3 percent in March, according to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data released today. Nonresidential spending, which totaled $740.9 billion on a seasonally adjusted, annualized basis, has expanded 2.5 percent on a year-over-year basis. February’s spending estimate was revised roughly $10 billion higher, from $732.8 billion to $742.8 billion, rendering the March decline less meaningful. Read the rest of entry »

Fixed Investment Retains Momentum in First Quarter of 2018, Says ABC

WASHINGTON, April 27—The U.S. economy expanded at an annualized rate of 2.3 percent during the first quarter of 2018, while fixed investment increased at an annualized rate of 4.6 percent according to an Associated Builders and Contractors (ABC) analysis of today’s advanced estimate released by the U.S. Bureau of Economic Analysis. Read the rest of entry »

Construction Material Price Expansion Continues in March, ABC Says

WASHINGTON, April 10—Prices for inputs to construction materials expanded 0.8 percent in March and are 5.8 percent higher than at the same time one year ago, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics data released today. Prices for nonresidential construction inputs increased 0.9 percent on a monthly basis and are up 5.6 percent year over year.

Read the rest of entry »

Construction Employment Falters in March, Says ABC; Nonresidential Segment Loses 8,200 Net Jobs

WASHINGTON, April 6—The U.S. construction industry lost 15,000 jobs on net in March, according to an Associated Builders and Contractors (ABC) analysis of data from the U.S. Bureau of Labor Statistics (BLS). This represents a significant reversal from February, when the industry added a post-recession high of 65,000 net new jobs (upwardly revised from +61,000).  Read the rest of entry »

Nonresidential Construction Flat in February, Says ABC; Public Sector Spending Plummets

WASHINGTON, April 2—Nonresidential construction spending inched 0.1 percent higher in February, according to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data released today. Nonresidential spending, which totaled $732.8 billion on a seasonally adjusted, annualized basis, has expanded 1.3 percent since February 2017. Read the rest of entry »

Construction Materials Prices Continue to Expand Briskly in February, ABC Says

WASHINGTON, March 14—Overall construction input prices rose 0.7 percent in February, slightly lower than the rate set in January, according to an Associated Builders and Contractors (ABC) analysis of Bureau of Labor Statistics data released today. Compared to February 2017, prices are up 5.2 percent. Nonresidential construction materials prices are also up 0.4 percent on a monthly basis and 4.9 percent compared to the same time last year. Read the rest of entry »

Construction Employment Growth Surges in February

WASHINGTON, March 9 - February was the best month for construction employment gains since March 2007, according to Associated Builders and Contractors’ (ABC) analysis of today’s employment report from the U.S. Bureau of Labor Statistics (BLS). The sector added 61,000 net new jobs on a monthly basis in February, an increase of 0.9 percent, and 254,000 net new jobs on a yearly basis, an increase of 3.7 percent. Read the rest of entry »

Nonresidential Construction Spending Dips Slightly in January, ABC Says

WASHINGTON, March 1—Nonresidential construction spending fell 0.1 percent on a monthly basis in January 2018, while year-over-year spending increased, according to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data released today. Nonresidential January spending totaled $732.9 billion on a seasonally adjusted annual rate, adding up to a 2.4 percent increase year over year.   Read the rest of entry »
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