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ABC's Construction Economic Update covers the latest commercial and industrial construction economic news. Delivered electronically, it provides an analysis of the monthly economic indices released by the federal government, including construction spending, employment, the producer price index and the quarterly gross domestic product.  

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From the category archives: Economic Growth

Economic Growth

Demand for Construction Workers Remains Strong, ABC Says

WASHINGTON, Feb. 2—Today’s employment report from the Bureau of Labor Statistics shows growth in both public and private construction spending, according to an analysis by Associated Builders and Contractors (ABC). Construction added 36,000 net new jobs in January, an impressive increase of 0.5 percent on a month-over-month basis. 
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Nonresidential Construction Maintains Momentum in December, ABC Says

WASHINGTON, Feb. 1—Nonresidential construction spending expanded 0.8 percent in December, totaling $720.4 billion on a seasonally adjusted basis, according to Associated Builders and Contractors’ (ABC) analysis of data released today by the U.S. Census Bureau. This represents the fifth consecutive month during which the pace of nonresidential spending has increased.  Read the rest of entry »

Year-end Data Show Economy Expanded in 2017, ABC Says; Fixed Investment Surged in Fourth Quarter

WASHINGTON, Jan. 26 – The U.S. economy grew by 2.3 percent in 2017, while fixed investment increased at an annual rate of 7.9 percent, according to an Associated Builders and Contractors (ABC) analysis of data released today by the Bureau of Economic Analysis.
The economy expanded at an annual rate of 2.6 percent during the fourth quarter of 2017 after expanding at a 3.2 percent rate during the third quarter. Nonresidential fixed investment performed similarly to overall fixed investment in the fourth quarter by increasing at a 6.8 percent rate. This represents the third time in the past four quarters that nonresidential fixed investment increased by at least 6.7 percent. 
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Nonresidential Construction Employment Ends 2017 on a High Note, Says ABC

WASHINGTON, Jan. 5—The nonresidential construction sector added 11,800 net new jobs in December, representing nearly 10 percent of the nation’s jobs created during the month, according to an Associated Builders and Contractors (ABC) analysis of data released today by the Bureau of Labor Statistics. The nation’s overall construction sector added 30,000 net new jobs in December, a 0.4 percent month-over-month increase.
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Nonresidential Construction Spending Ticks Higher in November, Down Year-Over-Year, ABC Says

WASHINGTON, Jan. 3—Nonresidential construction spending expanded 0.6 percent in November, totaling $719.2 billion on a seasonally adjusted basis, according to an Associated Builders and Contractors (ABC) analysis of data released today by the U.S. Census Bureau. Despite the month-over-month expansion, nonresidential spending fell 1.3 percent from November 2016. 
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ABC Chief Economist Predicts Stable 2018 Construction Economy

WASHINGTON, Dec. 13—Associated Builders and Contractors (ABC) Chief Economist Anirban Basu predicts stability for the construction industry’s economy and expanding nonresidential construction spending in 2018. While construction project backlog and contractor confidence remain high heading into the new year, Basu warns there are risks to the 2018 outlook as a number of potential cost increases could come into play.
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Construction Spending Rises in October; Flat Year-Over-Year

WASHINGTON, Dec. 1 – Nonresidential construction spending rose 2.1 percent in October, totaling $717.6 billion on a seasonally adjusted basis, according to an Associated Builders and Contractors (ABC) analysis of data released by the U.S. Census Bureau. The level of spending, however, remains virtually unchanged from a year ago. 
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Construction Input Prices Flat in October; Year-over-Year Inflation Remains

WASHINGTON, Nov. 14—Construction input prices remained unchanged on a monthly basis in October, according to analysis of today’s Bureau of Labor Statistics release by Associated Builders and Contractors (ABC). Overall construction input prices have expanded 4.3 percent year over year, while nonresidential input prices have expanded 4.1 percent since October 2016. Crude petroleum prices rose 6.6 percent for the month and are up 7.7 percent for the year. No other input manifested significant price growth in October.
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Construction Spending Up in September; Down on a YOY Basis

WASHINGTON, Nov. 1Nonresidential construction spending rose 0.5 percent in September, totaling $698.1 billion on a seasonally adjusted basis, according to an Associated Builders and Contractors (ABC) analysis of data from the U.S. Census Bureau. However, nonresidential construction spending is down 2.9 percent on a year-over-year basis, with construction spending related to manufacturing down 20.3 percent since September 2016
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Construction Industry Benefits From Consecutive Quarterly GDP Gains, Says ABC

WASHINGTON, Oct. 27—The U.S. economy expanded at an annual rate of 3 percent during the third quarter of 2017, according to Associated Builders and Contractors’ analysis of gross domestic product (GDP) data released today by the Bureau of Economic Analysis. “Construction firms are among the major beneficiaries of the most recent GDP report, which confirms that the U.S. economy enjoys a level of momentum not observed for several years,” said ABC Chief Economist Anirban Basu.
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