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Friday, February 1, 2013 11:50 AM
The nation’s nonresidential construction spending increased 0.3 percent in December, with outlays increasing to a seasonally adjusted annual rate of $570.4 billion, according to the Feb. 1 report by the U.S. Census Bureau. Year over year, total nonresidential construction spending is up 1.2 percent.
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Friday, February 1, 2013 10:48 AM
Despite the addition of 28,000 jobs in January, the nation’s construction industry unemployment rate shot up to 16.1 percent, according to the Feb. 1 employment report by the U.S. Department of Labor. The January rate marks an increase from 13.5 percent in December 2012, but a decrease from 17.7 percent the same time last year. Year over year, construction employment has risen by 102,000 jobs, or 1.8 percent.
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Wednesday, January 30, 2013 1:24 PM
Despite a decline in the nation’s gross domestic product (GDP) in the last quarter of 2012, the Bureau of Economic Analysis Jan. 30 reported nonresidential fixed investment increased 8.4 percent for the fourth quarter as investment in equipment and software jumped 12.4 percent, which outweighed a 1.1 percent decline in investment in structures. For the year, nonresidential fixed investment increased 7.7 percent, with investment in structures up 9.6 percent and investment in equipment and software up 6.9 percent.
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Wednesday, January 30, 2013 10:17 AM
Associated Builders and Contractors (ABC) today voiced its strong support for the Government Neutrality in Contracting Act (H.R. 436/S. 109), a measure introduced by Rep. Andy Harris (R-Md.) and Sen. David Vitter (R-La.) that would ensure fair and open competition on federal and federally funded construction projects.
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Friday, January 25, 2013 12:58 PM
The ABC-led Coalition for a Democratic Workplace today won a challenge to President Obama’s Jan. 4, 2012, recess appointments to the National Labor Relations Board (NLRB). The U.S. Court of Appeals for the D.C. Circuit ruled that the president violated the Constitution when he bypassed the Senate to fill NLRB vacancies with Democrats Sharon Block and Richard Griffin.
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Tuesday, January 22, 2013 9:07 AM
Associated Builders and Contractors (ABC) today released its Construction Confidence Index (CCI) for the second half of 2012. The CCI reflects three aspects of the U.S. nonresidential construction industry: sales prospects, staffing levels and profit margins.
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Tuesday, January 15, 2013 11:14 AM
National construction materials prices barely declined in December—dipping 0.1 percent—and are just 1.3 percent higher than a year ago. Average annual prices in 2012 were 1.9 percent higher than 2011 prices, a reflection of unusual price stability during the course of the year. Nonresidential construction prices were down 0.3 percent in December and are up 0.8 percent year over year. Annual prices were up 1.7 percent compared to the previous year.
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Friday, January 4, 2013 11:44 AM
The nation’s construction industry gained 30,000 jobs in December despite an overall increase in the industry unemployment rate, according to the Jan. 4 employment report by the U.S. Labor Department. That is the fastest pace of construction employment growth since February 2011.
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Wednesday, January 2, 2013 12:16 PM
Despite a pent-up demand for construction activity, the nation’s nonresidential construction spending slipped 0.6 percent in November, with outlays decreasing to a seasonally adjusted annual rate of $564.1 billion, according to the Jan. 2 report by the U.S. Census Bureau. Year-over-year, total nonresidential construction spending is up 2.9 percent.
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Thursday, December 13, 2012 2:06 PM
In a sign of a weak global economy, the nation’s construction materials prices fell 1.1 percent in November—the largest monthly decrease since February 2009—according to the producer price index report by the U.S. Department of Labor. However, prices are 1 percent higher than the same time last year.
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