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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.

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

Posts Tagged 'ABC'

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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. 

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. 

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.

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.

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.

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). 

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.

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.

Construction Input Prices Inch Down in December, Up YOY Despite Low Inflation, ABC Says

WASHINGTON, Jan. 11—Overall construction input prices declined 0.1 percent in December, yet despite the lack of inflation for the month, prices are up 5 percent on a year-over-year basis, according to an Associated Builders and Contractors (ABC) analysis of  Bureau of Labor Statistics data released today.  Nonresidential construction materials prices also declined 0.1 percent for the month and are up 4.8 percent from the same time one year ago. 

Construction Industry Benefits From Consecutive Quarterly GDP Gains, Says ABC

WASHINGTON, Oct. 27—The U.S. economy expanded at an annual rate of 3 percent during the third quarter of 2017, according to Associated Builders and Contractors’ analysis of gross domestic product (GDP) data released today by the Bureau of Economic Analysis. “Construction firms are among the major beneficiaries of the most recent GDP report, which confirms that the U.S. economy enjoys a level of momentum not observed for several years,” said ABC Chief Economist Anirban Basu.