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Wednesday, March 20, 2019 9:20 AM
WASHINGTON, March 20—Estimated January not seasonally adjusted construction unemployment rates fell nationally and in 48 states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors.
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Monday, March 18, 2019 8:13 PM
WASHINGTON, March 19—Associated Builders and Contractors reported today that its Construction Backlog Indicator contracted to 8.1 months during January 2019, down 0.8 months or 9.3 percent compared to 8.9 months in the fourth quarter of 2018.
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Monday, March 18, 2019 2:13 PM
WASHINGTON, March 18—Associated Builders and Contractors named the finalists today for the 2019 Craft Professional and Craft Instructor of the Year awards. The winners of both awards will be announced at the Careers in Construction Awards ceremony on March 28 during the ABC Convention 2019 in Long Beach, California.
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Wednesday, March 13, 2019 1:38 PM
WASHINGTON, March 13—National nonresidential construction spending rose 2.4 percent in January, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today. At a seasonally adjusted annualized rate, nonresidential spending totaled $762.5 billion for the month, an increase of 4.8 percent over the previous year. Public nonresidential construction spending expanded 4.9 percent in January and private spending increased 0.8 percent. Both public and private nonresidential spending are up 8.5 percent and 2.4 percent, respectively, on a yearly basis.
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Wednesday, March 13, 2019 12:43 PM
WASHINGTON, March 13—According to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data released today, construction input prices rose 0.9 percent monthly in February and 1.8 percent in the past 12 months. Inputs to nonresidential construction were up 1 percent monthly and 2.7 percent on a yearly basis. This is the first time that input prices have risen since October 2018, when prices increased by 0.5 percent.
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Friday, March 8, 2019 10:33 AM
WASHINGTON, March 8—According to an analysis by the Associated Builders and Contractors of data released today by the U.S. Bureau of Labor Statistics, the construction industry lost 31,000 net new jobs in February. Overall, nonresidential employment decreased by 20,400 net new positions compared to January, with losses split between nonresidential building (-3,000), heavy and civil engineering (-13,200) and nonresidential specialty contractors (-4,200). However, industry employment is up 223,000 jobs since February 2018, an increase of 3.1 percent.
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Wednesday, March 6, 2019 3:40 AM
WASHINGTON, Feb. 28—The U.S. economy grew at an annual rate of 2.6 percent in the fourth quarter of 2018, according to an Associated Builders and Contractors analysis of data published today by the U.S. Bureau of Economic Analysis. Year-over-year GDP growth was 3.1 percent, while average growth for 2018 was 2.9 percent.
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Wednesday, March 6, 2019 2:57 AM
WASHINGTON, March 4—National nonresidential construction spending remained virtually unchanged in December, according to Associated Builders and Contractors’ analysis of U.S. Census Bureau data released today. Nonresidential spending totaled $750.5 billion on a seasonally adjusted annualized basis in December, up 4 percent year over year.
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Thursday, February 21, 2019 9:30 AM
WASHINGTON, Feb. 21—Construction industry leaders remained predominantly confident about the nonresidential construction sector’s prospects during the final quarter of 2018, according to the latest Construction Confidence Index released today by Associated Builders and Contractors.
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Tuesday, February 19, 2019 9:14 AM
WASHINGTON, Feb. 19, 2019—Associated Builders and Contractors reported today that its Construction Backlog Indicator contracted to 8.9 months during the fourth quarter of 2018, down 1.1 percent from the third quarter and 7.5 percent compared to a year ago. CBI reached a record high of 9.9 months in the second quarter of 2018 and averaged about 9.1 months throughout all four quarters of last year.
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