News Releases | All posts tagged 'Anirban Basu; CBI'

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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Posts Tagged 'Anirban Basu; CBI'

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Nonresidential Construction Spending Down 0.4% in August, Says ABC

Posted on Monday, October 3, 2022 10:57 AM By Erika Walter

WASHINGTON, Oct. 3—National nonresidential construction spending was down 0.4% in August, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $859.3 billion for the month.

construction spending, Anirban Basu; construction spending, cci, Anirban Basu; CBI, contractor confidence

Construction Job Openings Decreased by 71,000 in June; US Economy Poised to Slow, Says ABC

Posted on Tuesday, August 2, 2022 11:37 AM By Donna Reichle

WASHINGTON, Aug. 2—The construction industry had 334,000 job openings in June, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings decreased by 71,000 last month but are up 13,000 from the same time last year.

job openings, construction job openings, construction job openings, cci, Anirban Basu; CBI,

Nonresidential Construction Spending Falls 0.5% in June, Says ABC

Posted on Monday, August 1, 2022 10:42 AM By Erika Walter

WASHINGTON, Aug. 1—National nonresidential construction spending was down by 0.5% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $829.4 billion for the month.

construction spending, Anirban Basu; CBI, construction backlog,

ABC: Construction Backlog Up, Contractor Confidence Down in March

Posted on Tuesday, April 12, 2022 9:50 AM By Donna Reichle

WASHINGTON, April 12—Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.3 months in March, according to an ABC member survey conducted Mar. 22 to April 5. The reading is up 0.5 months from March 2021.

Anirban Basu; CBI, cci, construction economics, construction backlog indicator, Anirban Basu; Construction Confidence Index, supply chain, Construction jobs

ABC Construction Backlog Indicator Unchanged in February; Contractors Remain Confident

Posted on Tuesday, March 15, 2022 9:50 AM By Donna Reichle

WASHINGTON, March 15—Associated Builders and Contractors reported today that its Construction Backlog Indicator remained unchanged at 8.0 months in February, according to an ABC member survey conducted Feb. 21 to March 8. The reading is down 0.2 months from February 2021.

Anirban Basu; CBI, Associated Builders and Contractors; CCI, construction economics, construction backlog indicator, Anirban Basu; Construction Confidence Index, jobs, supply chain, inflation

ABC’s Construction Backlog Slips Again in January; Contractor Confidence Inches Lower

Posted on Tuesday, February 15, 2022 9:50 AM By Donna Reichle

WASHINGTON, Feb. 15—Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 8.0 months in January, according to an ABC member survey conducted Jan. 20 to Feb. 4. The reading is down 0.2 months from December 2021, but up 0.5 months from January 2021.

Anirban Basu, cbi, Anirban Basu; CBI, construction backlog indicator, Anirban Basu; Construction Confidence Index

ABC’s Construction Backlog Indicator Up in June; Contractor Optimism Grows

Posted on Tuesday, July 14, 2020 9:30 AM By Kiet Ngo

WASHINGTON, July 14—Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 8.1 months in June, an increase of 0.2 months from May’s reading. CBI is down approximately 8% from its June 2019 level. Every region except the Middle States experienced an increase in backlog in June compared to May, according to an ABC member survey conducted from June 20-July 1.

Associated Builders and Contractors, Anirban Basu; CBI

ABC’s Construction Backlog Indicator Falls to Close 2019

Posted on Tuesday, February 18, 2020 9:27 AM By anonymous

WASHINGTON, Feb. 18—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.4 months in December 2019, a 4.2% decline from November’s reading. This appears to be due primarily to seasonal factors.