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From the category archives: Construction Economic Update
Construction Economic Update
Tuesday, June 15, 2021 9:50 AM
WASHINGTON, June 15— Associated Builders and Contractors reports today that its Construction Backlog Indicator rose to 8.0 months in May, according to an ABC member survey conducted from May 20 to June 2, 0.1 months higher than in April 2021 and May 2020.
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Tuesday, June 15, 2021 9:45 AM
WASHINGTON, June 15—Construction input prices increased 4.6% 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 increased 4.8% for the month.
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Friday, June 4, 2021 10:00 AM
WASHINGTON, June 4—The construction industry lost 20,000 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. Overall, the industry has recovered 888,000 (79.8%) of the jobs lost during earlier stages of the pandemic.
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Tuesday, June 1, 2021 10:09 AM
WASHINGTON, June 1—National nonresidential construction spending declined 0.5% 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 $786.2 billion for the month.
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Thursday, May 13, 2021 9:53 AM
WASHINGTON, May 13—Construction input prices increased 1.3% 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 increased 1.6% for the month.
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Tuesday, May 11, 2021 9:45 AM
WASHINGTON, May 11— Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 7.9 months in April, according to an ABC member survey conducted April 20-May 5, 0.1 months higher than in March 2021 and April 2020.
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Friday, May 7, 2021 10:17 AM
WASHINGTON, May 7—Construction industry employment remained unchanged in April, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Over the last year, the industry has added 917,000 jobs, recovering 82.4% of the jobs lost during the first months of the COVID-19 pandemic.
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Monday, May 3, 2021 11:45 AM
WASHINGTON, May 3—National nonresidential construction spending declined 1.1% 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 $778.5 billion for the month.
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Thursday, April 29, 2021 9:11 AM
WASHINGTON, April 29—The U.S. economy expanded at a 6.4% annualized rate during the first quarter of 2021; however, investment in nonresidential structures declined at a 4.8% rate for the quarter, according to analysis conducted by Associated Builders and Contractors of data released today by the Bureau of Economic Analysis.
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Wednesday, April 28, 2021 9:50 AM
WASHINGTON, April 28—Construction employment is holding its own, although it is not back to pre-pandemic levels, according to state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors for March 2021. These data show that on a year-over-year basis, the not seasonally adjusted construction unemployment rates rose nationally and in 33 states, fell in 15 states and were unchanged in two states, Oklahoma and Washington.
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