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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.

Nation’s Construction Industry Adds 30,000 Jobs in December

The nation’s construction industry gained 30,000 jobs in December despite an overall increase in the industry unemployment rate, according to the Jan. 4 employment report by the U.S. Labor Department. That is the fastest pace of construction employment growth since February 2011.  
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Nonresidential Construction Spending Slips 0.6 Percent in November

Despite a pent-up demand for construction activity, the nation’s nonresidential construction spending slipped 0.6 percent in November, with outlays decreasing to a seasonally adjusted annual rate of $564.1 billion, according to the Jan. 2 report by the U.S. Census Bureau. Year-over-year, total nonresidential construction spending is up 2.9 percent.
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Construction Materials Prices Fall 1.1 Percent in November

In a sign of a weak global economy, the nation’s construction materials prices fell 1.1 percent in November—the largest monthly decrease since February 2009—according to the producer price index report by the U.S. Department of Labor. However, prices are 1 percent higher than the same time last year. Read the rest of entry »

Construction Industry Loses 20,000 Jobs in November

National construction industry employment fell by 20,000 jobs in November pushing the unemployment rate to 12.2 percent, up from 11.4 percent the previous month, according to the Dec. 7 employment report by the U.S. Department of Labor. Year-over-year, construction employment is down by 6,000 jobs, or 0.1 percent.
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ABC Predicts Moderate Construction Recovery Will Continue In 2013

Associated Builders and Contractors (ABC) today released its 2013 economic forecast for the U.S. commercial and industrial construction industry, and it shows the continuation of a modest recovery for nonresidential construction next year.
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Nonresidential Construction Spending Rises 0.5 Percent in October

The nation’s nonresidential construction industry experienced a modest gain in October as spending increased 0.5 percent to $571.3 billion, according to the Dec. 3 report by the U.S. Census Bureau. Total nonresidential construction spending–which includes both private and public projects–is up 5.1 percent compared to one year ago.  
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Construction Materials Prices Decrease 0.4 Percent in October

The nation’s construction materials prices fell for the first time in three months, slipping 0.4 percent in October, according to the U.S. Labor Department’s producer price index (PPI). However, materials prices remain 2 percent higher than one year ago. Nonresidential construction materials prices decreased 0.5 percent for the month, but were 1.8 percent higher on a year-over-year basis.
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Nonresidential Construction Spending Down 0.4 Percent in September

Despite a flurry of activity in residential construction spending, nonresidential construction spending decreased 0.4 percent in September, with outlays falling to a seasonally adjusted annual rate of $559.4 billion, according to the Nov. 1 construction spending report by the U.S. Commerce Department. Year-over-year, total nonresidential construction spending is up 2.6 percent, slightly higher than inflation.
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Construction Unemployment Rises to 11.9 Percent in September

In a sign the nation’s construction industry continues to struggle, the construction unemployment rate rose to 11.9 percent in September, up from 11.3 percent in August, according to the Labor Department’s Oct. 5 employment report. However, the construction unemployment rate is down from 13.3 percent the same time last year. Read the rest of entry »

Construction Spending Declines Second Month in Row; Down 0.6 Percent in August

Construction spending has fallen for the second consecutive month, dipping 0.6 percent in August, according to the U.S. Census Bureau. However, spending is up 6.5 percent from one year ago.  Read the rest of entry »