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From the category archives: Construction Economics
Construction Economics
Friday, June 7, 2019 11:01 AM
WASHINGTON, June 7 – The construction industry added 4,000 net new jobs in May, according to an Associated Builders and Contractors analysis of data released today from the U.S. Bureau of Labor Statistics. On a year-over-year basis, construction employment has expanded by 215,000 jobs, an increase of 3.0%.Nonresidential employment lost 1,500 net jobs last month but is up by 136,000 jobs compared to the same time last year.
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Wednesday, May 29, 2019 9:45 AM
WASHINGTON, May 29—In April, for the second month in a row, estimated not seasonally adjusted construction unemployment rates fell nationally and in 49 states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Mississippi was the only state with an increase, where construction unemployment rose from 9.2% in April 2018 to 10% in the most recent report.
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Thursday, May 23, 2019 9:45 AM
WASHINGTON, May 23—Construction industry leaders remained upbeat with respect to nonresidential construction prospects in March 2019, according to the latest Construction Confidence Index released today by Associated Builders and Contractors.
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Tuesday, May 21, 2019 9:45 AM
WASHINGTON, May 21—Associated Builders and Contractors reports that its monthly Construction Backlog Indicator expanded to 9.5 months in March 2019, up 0.7 months or 8.8% since February 2019 when CBI stood at 8.8 months.
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Thursday, May 9, 2019 10:17 AM
WASHINGTON, May 9—Construction input prices increased 0.9% in April on a monthly basis and 2.4% compared to the same time last year, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data released today. Nonresidential input prices rose 0.9% compared to March and are up 2.8% on an annual basis.
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Friday, May 3, 2019 10:42 AM
WASHINGTON, May 3 – The construction industry added 33,000 net new jobs in April, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics released today. Compared to the same time last year, industry employment is up by 256,000 jobs, an increase of 3.5 percent.
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Thursday, May 2, 2019 9:30 AM
WASHINGTON, May 2—Estimated March not seasonally adjusted construction unemployment rates fell nationally and in 49 states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Nebraska was the sole outlier, where construction unemployment rose from 5.1% in March 2018 to 5.3 in this latest report. The country and 31 of the states posted their lowest March construction unemployment rates on record.
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Wednesday, May 1, 2019 12:11 PM
WASHINGTON, May 1— According to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today, national nonresidential construction spending declined 0.3% in March 2019. On a seasonally adjusted, annualized basis, nonresidential spending totaled $775.2 billion for the month, which represents a 4.8% increase compared to the same time last year.
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Friday, April 26, 2019 11:15 AM
WASHINGTON, April 26— The U.S. economy expanded at an annualized 3.2% rate during the first quarter of 2019, according to an Associated Builders and Contractors assessment of data released today by the U.S. Bureau of Economic Analysis. The pace of growth exceeded expectations, as many economists predicted growth would be closer to 2.5%.
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Thursday, April 18, 2019 9:55 AM
WASHINGTON, April 18—Construction industry leaders remained confident regarding nonresidential construction prospects in February 2019, according to the latest Construction Confidence Index released by Associated Builders and Contractors today.
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