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From the category archives: Construction Economics
Construction Economics
Tuesday, April 21, 2020 9:45 AM
WASHINGTON, April 21—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.2 months in February, a 7.7% decrease from January’s reading. Backlog for firms working in the infrastructure segment rose by 1.3 months in February while backlog for commercial and institutional and heavy industrial firms declined by 0.6 months and 0.7 months, respectively.
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Thursday, April 9, 2020 10:33 AM
WASHINGTON, April 9—Construction input prices fell 1% in March from the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. The aggregate price of inputs to construction is down 1.9% compared to the same time last year. Nonresidential construction input prices fell 1.1% for the month and 2% during the past year.
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Wednesday, April 8, 2020 9:30 AM
WASHINGTON, April 8—Estimated February not seasonally adjusted construction unemployment rates fell nationally and in 37 states, rose in 12 states and were unchanged in one state (Texas) 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.
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Wednesday, April 1, 2020 11:45 AM
WASHINGTON, April 1—National nonresidential construction spending fell 1.8% in February, but is up 2.5% compared to the same time last year, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $795.1 billion for the month.
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Tuesday, March 24, 2020 9:30 AM
WASHINGTON, March 24—Estimated January not seasonally adjusted construction unemployment rates fell nationally and in 44 states, rose in four states and were unchanged in two states (Maine and North Carolina) 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.
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Thursday, March 19, 2020 9:45 AM
WASHINGTON, March 19—Confidence among U.S. construction industry leaders generally improved in January, consistent with the burgeoning momentum of the U.S. economy during the early weeks of 2020, according to the Associated Builders and Contractors Construction Confidence Index released today. While the reading for sales expectations edged lower for the month, confidence pertaining to sales, profit margins and staffing levels remain well above the threshold of 50, signaling expected growth in those three metrics.
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Tuesday, March 17, 2020 9:15 AM
WASHINGTON, March 17—Associated Builders and Contractors reported today that its Construction Backlog rose to 8.9 months in January 2020, a 5.9% increase from December’s reading. Backlog for firms with less than $30 million in revenues expanded by nearly 20% after declining sharply in December.
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Thursday, March 12, 2020 10:31 AM
WASHINGTON, March 12—Construction input prices fell 0.6% in February and are up 0.4% year over year, 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 decreased by 0.6% but are up 0.3% compared to the same time last year.
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Friday, March 6, 2020 10:24 AM
WASHINGTON, March 6—The construction industry added 42,000 net new jobs 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 expanded by 223,000 jobs, an increase of 3.0%.
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Monday, March 2, 2020 12:11 PM
WASHINGTON, March 2—National nonresidential construction spending increased by 1.6% in January and is up 5.1% on a year-ago basis, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled a record $806.9 billion in January
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