From category archives: News Releases
Construction Economic Update
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.
Read the rest of entry »
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.
Read the rest of entry »
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.
Read the rest of entry »
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.
Read the rest of entry »
Tuesday, April 13, 2021 9:50 AM
WASHINGTON, April 13—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 7.8 months in March, according to an ABC member survey conducted from March 22 to April 5, a decrease of 0.4 months from both the February 2021 and March 2020 readings.
Read the rest of entry »
Friday, April 9, 2021 10:25 AM
WASHINGTON, April 9—Construction input prices rose 3.5% in March 2021, 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 3.5% for the month.
Read the rest of entry »
Friday, April 2, 2021 9:45 AM
WASHINGTON, April 2—The construction industry added 110,000 jobs in March, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. The industry has added 931,000 jobs since April 2020, recovering 83.6% of the jobs lost during earlier stages of the COVID-19 pandemic.
Read the rest of entry »
Thursday, April 1, 2021 11:33 AM
WASHINGTON, April 1—National nonresidential construction spending declined 1.3% in February, 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 $789.5 billion for the month.
Read the rest of entry »
Tuesday, March 23, 2021 4:25 PM
WASHINGTON, March 23—In 2021, construction companies will need to hire 430,000 more workers than they employed in 2020, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. The analysis also revealed that every $1 billion in extra construction spending generates an average of at least 5,700 construction jobs.
Read the rest of entry »
Friday, March 12, 2021 9:44 AM
WASHINGTON, March 12—Construction input prices rose 2.1% in February 2021, 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 2.1% for the month.
Read the rest of entry »