From category archives: News Releases
Construction Economic Update
Tuesday, June 14, 2022 9:55 AM
WASHINGTON, June 14—Associated Builders and Contractors reports today that its Construction Backlog Indicator increased to nine months in May from 8.8 months in April, according to an ABC member survey conducted May 17 to June 3. The reading is up one month from May 2021.
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Tuesday, June 14, 2022 9:29 AM
WASHINGTON, June 14—Construction input prices rose 2.3% in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released today. Nonresidential construction input prices also increased 2.3% for the month.
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Friday, June 3, 2022 9:21 AM
WASHINGTON, June 3—The construction industry added 36,000 jobs on net in May, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 283,000 jobs, an increase of 3.8%.
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Wednesday, June 1, 2022 11:34 AM
WASHINGTON, June 1—The construction industry registered 449,000 job openings in April, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Opening and Labor Turnover Survey. The JOLTS survey defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 23,000 last month and are up 120,000 from the same time last year.
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Wednesday, June 1, 2022 11:23 AM
WASHINGTON, June 1—National nonresidential construction spending was down 0.4% in April, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $844.4 billion for the month. Despite the monthly setback, nonresidential construction spending is up 6.6% from a year ago.
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Thursday, May 12, 2022 10:04 AM
WASHINGTON, May 12—Construction input prices increased 0.8% in April compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices rose 0.9% for the month.
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Tuesday, May 10, 2022 9:55 AM
WASHINGTON, May 10—Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.8 months in April, according to an ABC member survey conducted from April 20 to May 4. The reading is up 0.9 months from April 2021.
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Friday, May 6, 2022 9:15 AM
WASHINGTON, May 6—The construction industry added 2,000 jobs on net in April, but nonresidential construction employment decreased by 2,000 positions, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 235,000 jobs, an increase of 3.2%.
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Tuesday, May 3, 2022 11:31 AM
WASHINGTON, May 3—The construction industry had 396,000 job openings in March 2022, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Industry job openings increased by 13,000 in March and are up 60,000 from the same time last year.
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Monday, May 2, 2022 11:03 AM
WASHINGTON, May 2—National nonresidential construction spending was down 0.8% in March, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $839.2 billion for the month.
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