Search


Archives


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.

If you wish to receive Construction Economic Updates as they are released, opt-in on the subscribe page

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

Construction Materials Prices Down 0.1 Percent in April

National construction materials prices slipped 0.1 percent in April, according to the May 15 producer price report by the U.S. Department of Labor. Year over year, construction materials prices are up just 0.4 percent. Nonresidential construction materials prices decreased 0.1 percent for the month and are down 0.4 percent over the last 12 months.
Read the rest of entry »

Construction Loses 6,000 Jobs in April

The construction industry lost 6,000 jobs in April according to the May 3 employment report by the U.S. Department of Labor, but the unemployment rate decreased to 13.2 percent, down from 14.7 percent in March and 14.5 percent in April 2012.
Read the rest of entry »

Nonresidential Construction Spending Slips 2.9 Percent in March

The nation’s nonresidential construction spending declined 2.9 percent in March, according to the May 1 construction spending report by the U.S. Census Bureau. On a year-over-year basis, total nonresidential construction spending is down 1.2 percent, indicating that recovery continues to elude this segment of the economy. Total nonresidential construction spending stands at $555.08 billion on an annualized basis.  
Read the rest of entry »

Nonresidential Fixed Investment in Structures Slips 0.3 Percent in First Quarter 2013

Evidence that the nation’s economy is being fueled by consumer purchases, nonresidential fixed investment grew 2.1 percent in the first quarter of this year, with 3 percent growth in equipment and software investments partially offset by a 0.3 percent decrease in investment in structures, according to April 26 report by the Commerce Department on gross domestic product (GDP).
Read the rest of entry »

Construction Materials Prices Flat in March

National construction materials prices were flat in March and are 0.9 percent higher year over year, according to the Labor Department’s April 12 Producer Price Index report. Nonresidential construction materials prices slipped 0.2 percent for the month, but are up 0.2 percent compared to one year ago.
Read the rest of entry »

Construction Industry Unemployment Drops to 14.7 Percent in March

The construction industry unemployment rate fell to 14.7 percent in March, down from 15.7 percent in February, according to the April 5 employment report by the U.S. Department of Labor. The nation added 18,000 new construction jobs in March. Year-over-year, the construction industry workforce has expanded by 2.9 percent, or 162,000 jobs.
Read the rest of entry »

Nonresidential Construction Spending up 0.7 Percent in February

As a sign of an improving economy, the nation’s nonresidential construction spending rose 0.7 percent in February, according to the April 1 construction spending report by the U.S. Commerce Department. Total nonresidential construction spending presently stands at $575.6 billion on a seasonally adjusted annualized basis, and is up 2.6 percent from one year ago.
Read the rest of entry »

Construction Materials Prices Increase 1.3 Percent in February

The nation’s construction material prices rose 1.3 percent in February—marking the sharpest increase in 22 months, according to the March 14 Producer Price Index (PPI) report by the U.S. Department of Labor. Overall, construction materials prices remain 2 percent higher than one year ago. Nonresidential construction materials prices rose 1.4 percent last month, and are up 1 percent on a year-over-year basis. 
Read the rest of entry »

Construction Industry Unemployment Rate Dips to 15.7 Percent in February

The construction industry added 48,000 jobs in February—the largest monthly increase since March 2007. Year over year, the industry has added 140,000 jobs, or 2.5 percent, according to the March 8 employment report by the U.S. Labor Department. The construction industry unemployment rate declined to 15.7 percent in February, down from 16.1 percent the previous month and down from 17.1 percent from one year ago.
Read the rest of entry »

Nonresidential Construction Spending Falls 3.3 Percent in January

As further evidence that the nation’s construction industry continues to struggle, nonresidential construction spending fell 3.3 percent in January, with outlays decreasing to a seasonally adjusted annual rate of $572.1 billion, according to the March 1 report by the U.S. Census Bureau. Year over year, total nonresidential construction spending is up only 0.8 percent (unadjusted for inflation).
Read the rest of entry »