ABC issues news releases on the latest workforce, policy and industry issues, as well as construction-related economic data and trends. Commercial and industrial construction economic analyses include federal data on construction spending, employment, job openings, GDP and the Producer Price Index. 

In addition, ABC produces the Construction Backlog Indicator, the only economic indicator that reflects the amount of work that will be performed by commercial and industrial construction contractors in the months ahead, and the Construction Confidence Index, a diffusion index that signals construction contractors’ expectations for sales, profit margins and staffing levels. Methodology for both indicators can be found hereABC construction economic releases are published according to this schedule 

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From category archives: News Releases

Construction Economic Update

Construction Materials Prices Remain Flat in May

Friday, June 14, 2013 11:25 AM
National construction materials prices were unchanged in May and have been flat during the past three months, according to the June 14 report by the U.S. Labor Department. Year over year, construction materials prices are up just 0.8 percent. Nonresidential construction materials prices increased 0.2 percent for the month and are up 0.3 percent from one year ago.
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Construction Industry Unemployment Rate Falls to 10.8 Percent

Friday, June 7, 2013 10:17 AM
With the summer building season underway, the nation’s construction industry added 7,000 jobs in May as the unemployment rate dipped to 10.8 percent, which is down from 13.2 percent in April and the lowest rate since October 2008, according to U.S. Labor Department. Since May 2012, the industry added 189,000 jobs, or 3.4 percent.  
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Nonresidential Construction Spending Increases 0.7 Percent in April

Monday, June 3, 2013 12:04 PM
After a disappointing March, the nation’s nonresidential construction industry bounced back moderately in April. According to the June 3 release by the U.S. Census Bureau, nonresidential construction spending increased 0.7 percent in April, with outlays increasing to a seasonally adjusted annualized rate of $552.45 billion. However, nonresidential construction spending is down 2.1 percent from one year ago.
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Construction Materials Prices Down 0.1 Percent in April

Wednesday, May 15, 2013 10:13 AM
National construction materials prices slipped 0.1 percent in April, according to the May 15 producer price report by the U.S. Department of Labor. Year over year, construction materials prices are up just 0.4 percent. Nonresidential construction materials prices decreased 0.1 percent for the month and are down 0.4 percent over the last 12 months.
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Construction Loses 6,000 Jobs in April

Friday, May 3, 2013 12:43 PM
The construction industry lost 6,000 jobs in April according to the May 3 employment report by the U.S. Department of Labor, but the unemployment rate decreased to 13.2 percent, down from 14.7 percent in March and 14.5 percent in April 2012.
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Nonresidential Construction Spending Slips 2.9 Percent in March

Wednesday, May 1, 2013 12:56 PM
The nation’s nonresidential construction spending declined 2.9 percent in March, according to the May 1 construction spending report by the U.S. Census Bureau. On a year-over-year basis, total nonresidential construction spending is down 1.2 percent, indicating that recovery continues to elude this segment of the economy. Total nonresidential construction spending stands at $555.08 billion on an annualized basis.  
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Nonresidential Fixed Investment in Structures Slips 0.3 Percent in First Quarter 2013

Friday, April 26, 2013 10:39 AM
Evidence that the nation’s economy is being fueled by consumer purchases, nonresidential fixed investment grew 2.1 percent in the first quarter of this year, with 3 percent growth in equipment and software investments partially offset by a 0.3 percent decrease in investment in structures, according to April 26 report by the Commerce Department on gross domestic product (GDP).
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Construction Materials Prices Flat in March

Friday, April 12, 2013 11:57 AM
National construction materials prices were flat in March and are 0.9 percent higher year over year, according to the Labor Department’s April 12 Producer Price Index report. Nonresidential construction materials prices slipped 0.2 percent for the month, but are up 0.2 percent compared to one year ago.
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Construction Industry Unemployment Drops to 14.7 Percent in March

Friday, April 5, 2013 12:48 PM
The construction industry unemployment rate fell to 14.7 percent in March, down from 15.7 percent in February, according to the April 5 employment report by the U.S. Department of Labor. The nation added 18,000 new construction jobs in March. Year-over-year, the construction industry workforce has expanded by 2.9 percent, or 162,000 jobs.
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Nonresidential Construction Spending up 0.7 Percent in February

Monday, April 1, 2013 12:44 PM
As a sign of an improving economy, the nation’s nonresidential construction spending rose 0.7 percent in February, according to the April 1 construction spending report by the U.S. Commerce Department. Total nonresidential construction spending presently stands at $575.6 billion on a seasonally adjusted annualized basis, and is up 2.6 percent from one year ago.
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