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From the category archives: Construction Spending
Construction Spending
Thursday, February 1, 2018 10:46 AM
WASHINGTON, Feb. 1—Nonresidential construction spending expanded 0.8 percent in December, totaling $720.4 billion on a seasonally adjusted basis, according to Associated Builders and Contractors’ (ABC) analysis of data released today by the U.S. Census Bureau. This represents the fifth consecutive month during which the pace of nonresidential spending has increased.
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Friday, January 26, 2018 11:01 AM
WASHINGTON, Jan. 26 – The U.S. economy grew by 2.3 percent in 2017, while fixed investment increased at an annual rate of 7.9 percent, according to an Associated Builders and Contractors (ABC) analysis of data released today by the Bureau of Economic Analysis.
The economy expanded at an annual rate of 2.6 percent during the fourth quarter of 2017 after expanding at a 3.2 percent rate during the third quarter. Nonresidential fixed investment performed similarly to overall fixed investment in the fourth quarter by increasing at a 6.8 percent rate. This represents the third time in the past four quarters that nonresidential fixed investment increased by at least 6.7 percent.
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Wednesday, January 3, 2018 12:45 PM
WASHINGTON, Jan. 3—Nonresidential construction spending expanded 0.6 percent in November, totaling $719.2 billion on a seasonally adjusted basis, according to an Associated Builders and Contractors (ABC) analysis of data released today by the U.S. Census Bureau. Despite the month-over-month expansion, nonresidential spending fell 1.3 percent from November 2016.
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Friday, December 1, 2017 12:12 PM
WASHINGTON, Dec. 1 – Nonresidential construction spending rose 2.1 percent in October, totaling $717.6 billion on a seasonally adjusted basis, according to an Associated Builders and Contractors (ABC) analysis of data released by the U.S. Census Bureau. The level of spending, however, remains virtually unchanged from a year ago.
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Friday, November 3, 2017 11:17 AM
WASHINGTON, Nov. 3—According to an Associated Builders and Contractors (ABC) analysis of data released by the Bureau of Labor Statistics today, the nation’s construction sector added 11,000 net new jobs in October, matching the revised total from September. Nonresidential construction employment, however, experienced a net decline of 2,000 jobs. The residential sector added approximately 13,000 net new jobs.
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Wednesday, November 1, 2017 1:12 PM
WASHINGTON, Nov. 1
—Nonresidential construction spending rose 0.5 percent in September, totaling $698.1 billion on a seasonally adjusted basis, according to an Associated Builders and Contractors (ABC) analysis of data from the U.S. Census Bureau. However, nonresidential construction spending is down 2.9 percent on a year-over-year basis, with construction spending related to manufacturing down 20.3 percent since September 2016
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Friday, October 27, 2017 12:49 PM
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.
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Thursday, October 12, 2017 1:03 PM
WASHINGTON, Oct. 12—Construction input prices rose yet again in September, according to an analysis by Associated Builders and Contractors (ABC) of data released today by the Bureau of Labor Statistics. Non-residential construction input prices rose 0.8 percent in September and 4.3 percent compared to this time last year.
Overall, construction materials prices rose 0.8 percent over the previous month and 4.5 percent on a year-over-year basis, about three times as fast as overall U.S. inflation.
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Monday, October 2, 2017 12:42 PM
WASHINGTON, Oct. 2—Nonresidential construction spending expanded 0.5 percent in August, totaling $691.8 billion on a seasonally adjusted, annualized basis, according to an analysis of data from the U.S. Census Bureau by Associated Builders and Contractors (ABC). Though this represents an improvement from July’s total ($688.2 billion), nonresidential spending remains 3.4 percent below its year-ago level and is down 3.8 percent from the cyclical peak attained in May 2017.
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Friday, September 1, 2017 12:18 PM
WASHINGTON, Sept. 1—Nonresidential construction spending fell 1.7 percent in July, totaling $688.4 billion on a seasonally adjusted, annualized basis, according to an analysis by Associated Builders and Contractors (ABC) of data released today by the U.S. Census Bureau. The absolute level of nonresidential construction spending was at its lowest point since December 2015.
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