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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, GDP and the Producer Price Index. Please note, ABC's news releases on state construction unemployment have been temporarily paused. 

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 hereABC construction economic releases are published according to this schedule 



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Posts Tagged 'Anirban Basu'

We are pleased to present below all posts tagged with 'Anirban Basu'. If you still can't find what you are looking for, try using the search box.

Nonresidential Construction Spending Dips in November

Nonresidential construction spending fell 1 percent on a monthly basis in November, but has still managed to expand 4 percent on a year-over-year basis according to the January 2nd release from the U.S. Census Bureau. Spending for the month totaled $617 billion on a seasonally adjusted, annualized basis. Moreover, the government revised the October spending figure up from $611.8 billion to $622.9 billion. 

Nonresidential Construction Spending Inches Down in March

Nonresidential construction spending inched down in March, making it the third consecutive month in which spending declined. Nonresidential construction spending fell 0.1 percent on a monthly basis in March but has risen 4.4 percent on a yearly basis according to a May 1 release by the U.S. Census Bureau. Spending for the month totaled $568.5 billion on a seasonally adjusted, annualized basis.

Construction Materials Prices Expand Again in February

Construction materials prices expanded 0.7 percent in February and are up 0.6 percent over the past year, according to the March 14 producer price index release by the Department of Labor.  More specifically, nonresidential construction materials prices are up 0.7 percent for the month and are 0.4 percent higher than the same time one year ago. 

Nonresidential Construction Gains a Handful of Jobs in February

The U.S. nonresidential construction industry gained just 400 jobs in February, according to the March 7 employment report by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). The construction industry as a whole added only 15,000 jobs for the month, with the vast majority of new jobs coming from residential construction. The construction unemployment rate expanded to 12.8 percent in February from 12.3 percent in January (non-seasonally adjusted). 

CBI Hits Post-Recession High

Associated Builders and Contractors’ (ABC) Construction Backlog Indicator (CBI) hit a post-recession high in the fourth quarter of 2013, growing from 8.2 months to 8.3 months (1.3 percent). Compared to a year ago, CBI is 3.9 percent higher—up from 8 months at the end of 2012.  

Construction Materials More Volatile in January

Construction materials prices expanded 0.6 percent in January and are up 1.5 percent year over year, according to the Feb. 19 producer price index released by the Department of Labor.  More specifically, nonresidential construction materials prices are up 0.5 percent for the month and are 1 percent higher than the same time one year ago.

Nonresidential Construction Spending Returns to Normal After Government Shutdown

Nonresidential construction spending grew 0.6 on a monthly and yearly basis in November 2013, according to the Jan. 2 release by the U.S. Census Bureau. In November, spending totaled $583.436 billion on a seasonally adjusted, annualized basis. 

ABC Doubts Construction Industry Recovery in 2013; Cites 'Lack Of Confidence'

Washington, D.C. – During a national online news conference today, Associated Builders and Contractors (ABC) Chief Economist Anirban Basu stated the nation’s construction industry may not recover next year.  

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