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 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 for 2023 

For media inquiries, please contact Erika Walter, ABC’s director of media relations at [email protected] or (202)905-2104 

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From category archives: News Releases

Construction Economics

ABC: Construction Materials Prices Up 0.4% in February

Wednesday, March 15, 2023 9:38 AM

WASHINGTON, March 15—Construction input prices expanded 0.4% in February 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 rose 0.4% for the month.

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ABC’s Construction Backlog Indicator and Contractor Confidence Index Rise in February

Tuesday, March 14, 2023 9:55 AM

WASHINGTON, March 14—Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 9.2 months in February, according to an ABC member survey conducted Feb. 20 to March 6. The reading is 1.2 months higher than in February 2022.

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Construction Adds 24,000 Jobs in February, Says ABC

Friday, March 10, 2023 9:46 AM

WASHINGTON, March 10—The construction industry added 24,000 jobs on net in February, 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 risen by 249,000 jobs, an increase of 3.2%.

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ABC: Construction Job Openings Plummet by a Shocking 240,000 in January

Wednesday, March 8, 2023 11:02 AM

WASHINGTON, March 8—The construction industry reported 248,000 job openings in January, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings fell sharply last month, down 240,000 on a monthly basis and 148,000 from the same time last year.

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Nonresidential Construction Spending Inches Higher in January, Says ABC

Wednesday, March 1, 2023 11:13 AM

WASHINGTON, March 1—National nonresidential construction spending increased by 0.3% in January, 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 $968.7 billion for the month.

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ABC: Construction Materials Prices Rise 1% in January; Up 5% From a Year Ago

Thursday, February 16, 2023 9:48 AM

WASHINGTON, Feb. 16—Construction input prices rose 1.3% in January, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices increased 1.1% for the month.

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ABC’s Construction Backlog Indicator Down to Start 2023; Contractor Confidence Rises

Tuesday, February 14, 2023 9:55 AM

WASHINGTON, Feb. 14—Associated Builders and Contractors reports today that its Construction Backlog Indicator declined 0.2 months to 9.0 in January, according to an ABC member survey conducted Jan. 20 to Feb. 3. The reading is 1.0 month higher than in January 2022.

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Construction Workforce Shortage Tops Half a Million in 2023, Says ABC

Thursday, February 9, 2023 9:50 AM

WASHINGTON, Feb. 9—The construction industry will need to attract an estimated 546,000 additional workers on top of the normal pace of hiring in 2023 to meet the demand for labor, according to a proprietary model developed by Associated Builders and Contractors.

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ABC: State Construction Unemployment Is Down in 32 States From a Year Ago

Monday, February 6, 2023 9:55 AM

WASHINGTON, Feb. 6—The not seasonally adjusted national construction unemployment rate dropped 0.6% in December 2022 from a year ago, down from 5% to 4.4%, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Thirty-two states had lower unemployment rates over the same period, Iowa and Missouri were unchanged and 16 states were higher.

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Construction Adds 25,000 Jobs in January, Says ABC

Friday, February 3, 2023 9:31 AM

WASHINGTON, Feb. 3—The construction industry added 25,000 jobs on net in January, 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 risen by 294,000 jobs, an increase of 3.9%.

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