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Posted on Friday, August 4, 2017 10:10 AM By Donna Reichle
WASHINGTON, Aug. 4—National construction employment growth remained tepid in July, with approximately 6,000 net new jobs added on a seasonally adjusted basis, according to an analysis by Associated Builders and Contractors (ABC) of data from the U.S. Bureau of Labor Statistics. The residential construction segment added 7,200 net new jobs in July, but employment in the nation’s nonresidential construction sector declined by 1,700 positions after 9,900 jobs were added on net in June.
Posted on Tuesday, August 1, 2017 12:16 PM By Donna Reichle
WASHINGTON, Aug. 1—Nonresidential construction spending fell by 2 percent on a monthly basis in June 2017, totaling $697 billion on a seasonally adjusted, annualized basis according to an analysis of U.S. Census Bureau data released today by Associated Builders and Contractors. June represents the first month during which spending has dipped below the $700 billion per year threshold since January 2016.
WASHINGTON, Aug. 1—Nonresidential construction spending fell by 2 percent on a monthly basis in June 2017, totaling $697 billion on a seasonally adjusted, annualized basis according to an analysis of U.S. Census Bureau data released today by Associated Builders and Contractors. June represents the first month during which spending has dipped below the $700 billion per year threshold since January 2016.
WASHINGTON, Aug. 1—Nonresidential construction spending fell by 2 percent on a monthly basis in June 2017, totaling $697 billion on a seasonally adjusted, annualized basis according to an analysis of U.S. Census Bureau data released today by Associated Builders and Contractors. June represents the first month during which spending has dipped below the $700 billion per year threshold since January 2016.
WASHINGTON, Aug. 1—Nonresidential construction spending fell by 2 percent on a monthly basis in June 2017, totaling $697 billion on a seasonally adjusted, annualized basis according to an analysis of U.S. Census Bureau data released today by Associated Builders and Contractors. June represents the first month during which spending has dipped below the $700 billion per year threshold since January 2016.
Posted on Friday, July 28, 2017 11:04 AM By Donna Reichle
WASHINGTON, July 28—Real gross domestic product (GDP) expanded by 2.6 percent on a seasonally adjusted annualized basis during the year’s second quarter, according to Associated Builders and Contractors’ analysis of data released today by the Bureau of Economic Analysis. Nonresidential fixed investment, a category of GDP embodying nonresidential construction activity, expanded at a 5.2 percent seasonally adjusted annual rate. This follows a 7.2 percent expansion during the first quarter.
Posted on Thursday, July 27, 2017 3:01 PM By Donna Reichle
WASHINGTON, Aug. 1—In June, the not seasonally adjusted (NSA) construction unemployment rate was 4.5 percent, down 0.1 percent from a year ago and the lowest June rate on record, according to data from the U.S. Bureau of Labor Statistics (BLS). According to an analysis released today by Associated Builders and Contractors (ABC), NSA construction unemployment rates were down in 31 states on a year-over-year basis, and the construction industry employed 204,000 more workers than in June 2016.
Posted on Thursday, July 13, 2017 11:34 AM By Donna Reichle
WASHINGTON, July 13--Construction input prices rose 0.2 percent in June, according to an analysis of Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC). This represents the sixth increase in construction input prices over the past seven months, but the overall rate of increase has been quite slow. On a year-over-year basis, construction input prices are up 2.6 percent.
Posted on Wednesday, July 12, 2017 11:57 AM By Donna Reichle
WASHINGTON, July 12 — Coalition to Save Local Businesses Executive Director Michael Layman released the below statement on today’s House Education and the Workforce full committee hearing exploring the impact of the NLRB’s expanded joint employer standard.
Posted on Monday, July 10, 2017 3:50 PM By Donna Reichle
Washington, July 10--National construction employment added 16,000 net new jobs on a seasonally adjusted basis in June, according to an analysis of data from the U.S. Bureau of Labor Statistics by Associated Builders and Contractors (ABC). Overall construction employment expanded 3.1 percent on a year-over-year basis, easily outpacing the year-over-year growth rate of 1.6 percent for all nonfarm industries.
Posted on Monday, July 3, 2017 12:26 PM By Donna Reichle
WASHINGTON, July 3 - Nonresidential construction spending expanded by 0.3 percent on both a monthly and yearly basis in May and stands at $714.3 billion on a seasonally adjusted annualized basis, according to analysis of a report from the U.S. Census Bureau released today by Associated Builders and Contractors (ABC).
Posted on Tuesday, June 27, 2017 8:00 AM By Donna Reichle
WASHINGTON, June 27—In May, not seasonally adjusted (NSA) construction unemployment rates were down in 24 states on a year-over-year basis, according to analysis released today by Associated Builders and Contractors (ABC). At the same time, the construction industry employed 192,000 more workers than in May 2016, according to data from the U.S. Bureau of Labor Statistics (BLS), and the national NSA construction unemployment rate was 5.3 percent, up 0.1 percent from a year ago.
Posted on Monday, June 19, 2017 1:50 PM By Donna Reichle
ABC’s Construction Backlog Indicator Rebounds in 2017;
All Categories Experience Gains During First Quarter
WASHINGTON, June 21-- Associated Builders and Contractors (ABC) today reported that its Construction Backlog Indicator (CBI) rose to 9 months during the first quarter of 2017, up 8.1 percent from the fourth quarter of 2016. CBI is up by 0.4 months, or 4 percent, on a year-over-year basis.