News Releases | All posts archived in 'December 2017'

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 here. ABC construction economic releases are published according to this schedule for 2023.

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From monthly archives: December 2017

We are pleased to present below all posts archived in 'December 2017'. If you still can't find what you are looking for, try using the search box.

ABC Celebrates Passage of Historic Tax Reform Bill

Wednesday, December 20, 2017 8:55 AM

WASHINGTON, Dec. 20—Associated Builders and Contractors (ABC) President and CEO Michael D. Bellaman released the following statement after Congress passed The Tax Cuts and Jobs Act:

“This is a historic day for the construction industry. For too long, ABC’s 21,000-plus members have paid the highest effective tax rate of any sector of the economy. We are a capital-intensive, domestically oriented industry comprised mostly of small, family owned and closely held merit shop construction companies employing hardworking Americans.
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In: News Releases 2017, Politics and Policy |

ABC Chief Economist Predicts Stable 2018 Construction Economy

Wednesday, December 13, 2017 4:16 PM

WASHINGTON, Dec. 13—Associated Builders and Contractors (ABC) Chief Economist Anirban Basu predicts stability for the construction industry’s economy and expanding nonresidential construction spending in 2018. While construction project backlog and contractor confidence remain high heading into the new year, Basu warns there are risks to the 2018 outlook as a number of potential cost increases could come into play.
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In: News Releases 2017, Construction Economic Update, Construction Economics |

November Construction Input Prices Expand; Year-over-Year Inflation Highest Since 2011

Tuesday, December 12, 2017 12:00 PM

WASHINGTON, Dec. 12 – Construction input prices expanded 0.7 percent in November and rose 5.6 percent on a yearly basis, the largest increase since November 2011, according to an Associated Builders and Contractors (ABC) analysis of Bureau of Labor Statistics data released today. Nonresidential construction materials prices also expanded 0.7 percent for the month and 5.4 percent for the year. Crude petroleum prices rose 11 percent in November and are 31 percent higher than this time last year.
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In: News Releases 2017, Construction Economics |

Construction Jobs Numbers Rebound in November

Friday, December 8, 2017 1:15 PM

WASHINGTON, Dec. 8—The nation’s construction sector added 24,000 net new jobs in November, representing a 0.3 percent month-over-month increase, according to an Associated Builders and Contractors (ABC) analysis of Bureau of Labor Statistics data released today.
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In: News Releases 2017, Employment, Construction Economic Update, Construction Economics |

Construction Spending Rises in October; Flat Year-Over-Year

Friday, December 1, 2017 12:12 PM

WASHINGTON, Dec. 1 – Nonresidential construction spending rose 2.1 percent in October, totaling $717.6 billion on a seasonally adjusted basis, according to an Associated Builders and Contractors (ABC) analysis of data released by the U.S. Census Bureau. The level of spending, however, remains virtually unchanged from a year ago.
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In: Construction Spending, Construction Economic Update, Construction Economics |

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