Posted on Friday, January 30, 2015 10:22 AM By Rachel O'Grady
Real gross domestic product (GDP) expanded 2.6 percent (seasonally adjusted annual rate) during the fourth quarter of 2014, following a 5 percent increase in the third quarter according to the Bureau of Economic Analysis Jan. 30 release. Nonresidential fixed investment grew by only 1.9 percent after expanding 8.9 percent in the third quarter. Investment in equipment declined 1.9 percent, while investment in nonresidential structures increased 2.6 percent.
Posted on Thursday, January 15, 2015 11:21 AM By Rachel O'Grady
Construction input prices dipped 1.4 percent during the final month of 2014 and are down nearly 1 percent on a year-over-year basis, according to the Jan. 15 producer price index release from the U.S. Department of Labor. Inputs to nonresidential construction fell even farther, down 1.7 percent for the month and 1.9 percent year over year. December’s report marks the sharpest decline in input prices since late 2008 during the global financial crisis and the fifth consecutive month construction materials prices have failed to rise.
Posted on Tuesday, December 9, 2014 9:07 AM By Jeff Leieritz
Washington, D.C. - Associated Builders and Contractors (ABC) forecasts a steady and ongoing economic recovery for the U.S. commercial and industrial construction industries in 2015. The reasonably brisk industry recovery in 2014 should continue in 2015, with momentum especially growing in segments closely related to the current American energy and industrial production resurgence.
Posted on Monday, August 4, 2014 4:58 PM By Jeff Leieritz
Washington, D.C. – Associated Builders and Contractors (ABC) Chief Economist Anirban Basu, American Institute of Architects (AIA) Chief Economist Kermit Baker and National Association of Home Builders (NAHB) Chief Economist David Crowe provided a collaborative economic forecast today combining their expert economic analysis on leading, present and lagging economic indicators.
Posted on Tuesday, June 19, 2012 11:33 AM By Donna Puglisi
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.
Posted on Tuesday, May 15, 2012 1:28 PM By Donna Puglisi
Washington, D.C. – Associated Builders and Contractors (ABC) today released its Construction Backlog Indicator (CBI) for the first quarter of 2012. CBI declined 5.4 percent from the previous quarter, dipping from 7.8 months to 7.4 months, but is slightly higher compared to the first quarter of 2011. CBI is a forward-looking economic indicator that measures the amount of construction work under contract to be completed in the future.