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 

 

From category archives: News Releases

Construction Economics

Nonresidential Construction Employment Increases in May Despite Signs of Weakness in Economy, Says ABC

Friday, June 2, 2023 9:57 AM

WASHINGTON, June 2—The construction industry added 25,000 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 increased by 192,000 jobs, an increase of 2.5%.

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Nonresidential Construction Spending Increases in April Despite Recession Fears, Says ABC

Thursday, June 1, 2023 11:27 AM

WASHINGTON, June 1National nonresidential construction spending expanded 1.9% 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 $1.05 trillion.

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ABC Construction Backlog Indicator Rebounds in April Due to Infrastructure Category Strength

Tuesday, May 16, 2023 9:55 AM

ABC Construction Backlog Indicator Rebounds in April Due to Infrastructure Category Strength

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Construction Input Prices Down Year Over Year for Second Straight Month, Says ABC

Thursday, May 11, 2023 9:37 AM

WASHINGTON, May 11—Construction input prices increased 0.2% in April compared to the previous month, 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 rose 0.4% for the month.

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Construction Adds 15,000 Jobs in April, Says ABC

Friday, May 5, 2023 9:27 AM

WASHINGTON, May 5—The construction industry added 15,000 jobs on net in April, 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 expanded by 205,000 jobs, an increase of 2.7%.

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

Wednesday, May 3, 2023 9:55 AM

WASHINGTON, May 3—The not seasonally adjusted national construction unemployment rate dropped 0.4% in March 2023 from a year ago, down from 6% to 5.6%, 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, five were unchanged and 13 states were higher.

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ABC: Construction Job Openings Down By 63,000 in March

Tuesday, May 2, 2023 10:48 AM

WASHINGTON, May 2—The construction industry had 341,000 job openings in March, 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 decreased by 63,000 last month and are down by 72,000 from the same time last year.

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Nonresidential Construction Spending Increases By 0.7% in March, Says ABC

Monday, May 1, 2023 11:00 AM

WASHINGTON, May 1—National nonresidential construction spending increased by 0.7% 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 $997.1 billion for the month.

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ABC: March Construction Input Prices Down Year-Over-Year for First Time Since August 2020, Still 39% Higher Than February 2020

Thursday, April 13, 2023 9:37 AM

WASHINGTON, April 13—Construction input prices increased 0.2% in March, 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 0.4% for the month.

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ABC’s March Construction Backlog Indicator Down to Lowest Level Since August 2022

Tuesday, April 11, 2023 9:55 AM

WASHINGTON, April 11—Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 8.7 months in March, according to an ABC member survey conducted March 20 to April 3. The reading is 0.4 months higher than in March 2022.

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