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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.  

ABC's 2016 Construction Economic Updates will be delivered according to this schedule.

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

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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Nonresidential Construction Employment Dips in August

While overall national construction employment remained unchanged in August, nonresidential construction lost 3,300 jobs, according to the Sept. 6 employment report by the U.S. Department of Labor. Construction industry employment has grown 3 percent, adding 168,000 jobs, since the same time last year. Nonresidential construction accounted for 42 percent of that growth—making August a deviation from what generally has been a positive nonresidential construction employment trend.
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Construction Spending Rises 0.6 Percent in July

The nation’s builders were busy in July as construction spending increased 0.6 percent to $900.8 billion—the largest upswing in four years—according to the Sept. 3 report by the U.S. Commerce Department. Nonresidential construction spending also rose 0.6 percent in July, but is down 0.8 percent compared to one year ago.
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Construction Materials Prices Remain Flat in July

Construction materials prices were unchanged in July but are up 2 percent year over year, according to the latest Producer Price Index release by the U.S. Labor Department. Nonresidential construction materials prices were down 0.1 percent for the month and are 1.8 percent higher than one year ago.
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Construction Unemployment Dips 0.7 Percent in July Despite 6,000 Job Losses

Despite the loss of 6,000 jobs, the nation’s construction industry unemployment rate dipped to 9.1 percent in July on a non-seasonally adjusted rate, according to the U.S. Labor Department’s Aug. 2 employment report. That is down from 9.8 percent in June and 12.3 percent the same time last year. Overall, the construction labor force expanded from 8.08 million in July 2012 to 8.43 million in July 2013.
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Nonresidential Fixed Investment in Structures Expands 4.6 Percent

Nonresidential fixed investment in structures expanded 4.6 percent on an annualized basis during the second quarter of 2013, according to the July 31 gross domestic product (GDP) report by the U.S. Commerce Department. This increase followed a 4.6 percent decline in the first quarter of the year.
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Construction Materials Prices Dip 0.1 Percent in June

Year over year, construction materials prices are 1.5 percent higher. Nonresidential construction materials prices were unchanged in June, rose 0.1 percent for the quarter and increased 1.2 percent during the last 12 months.
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Nation’s Construction Industry Adds 13,000 Jobs in June

In June, the nation’s construction industry unemployment rate fell to 9.8 percent for the first time since September 2007 with the addition of 13,000 jobs, according the July 5 report by the Department of Labor. Since June 2012, the industry has added 190,000 jobs—a 3.4 percent increase. Read the rest of entry »

Nonresidential Construction Spending Inches Up 0.1 Percent in May

In a further sign of slow economic recovery, the nation’s nonresidential construction spending inched up 0.1 percent in May, according to the July 2 report by the U.S. Commerce Department. On a year-over-year basis, nonresidential construction spending was down 2.9 percent in May, with spending totaling $546.3 billion on a seasonally adjusted, annualized basis.
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Construction Materials Prices Remain Flat in May

National construction materials prices were unchanged in May and have been flat during the past three months, according to the June 14 report by the U.S. Labor Department. Year over year, construction materials prices are up just 0.8 percent. Nonresidential construction materials prices increased 0.2 percent for the month and are up 0.3 percent from one year ago.
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