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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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For media inquiries, contact Donna Reichle at reichle@abc.org.

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. 
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Construction Materials Prices Remain Stable in November

Overall, construction materials prices fell 0.5 percent in November and are up only 1.1 percent year over year, according to the Department of Labor’s Dec. 13 Producer Price Index.  Nonresidential construction materials are down 0.6 percent for the month and are 0.7 percent lower than the same time last year. 
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Nonresidential Construction Continues to Gain Jobs in November

National construction employment expanded by 17,000 jobs in November, according to a Dec. 6 report by the U.S. Department of Labor. Nonresidential construction added 7,700 positions on a monthly basis, contributing nearly half (45.2 percent) of the overall gain in construction employment. 
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Nonresidential Construction Spending Inches Higher

Nonresidential construction spending increased 1.6 percent on a monthly basis in October after declining 1.3 percent in September, according to the Dec. 2 release by the U.S. Census Bureau. (This release contained two months of data because of the federal government shutdown.) On a year-over-year basis, nonresidential construction spending is down 0.7 percent through October. Spending totaled $575.563 billion for the month on a seasonally adjusted, annualized basis.
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Construction Materials Prices Fall Slightly in October

Construction materials prices fell 0.2 percent in October and are down 0.3 percent year over year, according to the Nov. 21 Producer Price Index released by the Department of Labor. Nonresidential construction materials are down 0.5 percent for the month and are unchanged from the same time one year ago. 
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Third Quarter Nonresidential Fixed Investment in Structures Rises 12.3 Percent

Fixed investment in nonresidential structures and intellectual property grew 12.3 percent and 2.2 percent, respectively, in the third quarter, according to the U.S. Commerce Department’s Nov. 7 report on gross domestic product (GDP). However, the growth was tempered by a 3.3 percent decline in fixed investment in nonresidential equipment.
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Construction Materials Prices Remain Flat in September

Construction materials prices rose only 0.1 percent in September and are up just 0.6 percent year over year, according to the Oct. 29 Producer Price Index release by the Department of Labor.  Nonresidential construction materials were unchanged for the month and are 0.1 percent higher than one year ago.
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Nonresidential Construction Spending Posts Modest Gains in August

Nonresidential construction spending grew 0.2 percent in August and is up 1.3 percent on an annual basis, according to the Oct. 22 release by the U.S. Census Bureau. August spending totaled $568.6 billion, on a seasonally adjusted, annualized basis.
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Construction Employment Resumes Growth in October

Overall national construction employment rose by 20,000 jobs in September, with nonresidential construction employment gaining 12,000 positions, according to an Oct. 22 report by the Department of Labor. The national construction unemployment rate stood at 8.5 percent in September on a non-seasonally adjusted basis, down from 9.1 percent in August and 11.9 percent at the same time last year.
Since September 2012, the construction industry has added 193,000 jobs, or 3.4 percent. Of that total, 37 percent is attributable to nonresidential activities, down from 42 percent in August 2013. 
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Construction Materials Prices Remain Stable, Rise Only 0.3 Percent in August

Construction materials prices rose only 0.3 percent in August and are up 1.4 percent year over year, according to the Sept. 13 Producer Price Index release by the Department of Labor. In addition, nonresidential construction materials increased 0.5 percent for the month and are 1.2 percent higher than one year ago.
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