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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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Posts Tagged 'Construction Spending'

We are pleased to present below all posts tagged with 'Construction Spending'. If you still can't find what you are looking for, try using the search box.

Nonresidential Construction Spending Stalls in May, Falls to Lowest Level in 2016

WASHINGTON, D.C., July 1—Nonresidential construction spending dipped 1.3 percent in May according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential spending, which totaled $684.9 billion on a seasonally adjusted, annualized rate, has expanded 1.2 percent since May 2015.

Nonresidential Construction Spending Down in April

WASHINGTON, D.C., June 1- Nonresidential construction spending fell 2.1 percent in April according to analysis of  U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential spending totaled $688.2 billion on a seasonally adjusted, annualized rate.

Nonresidential Spending Slips in March

WASHINGTON, D.C., May 2- Nonresidential construction spending fell 0.4 percent on a monthly basis in March, according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC), but it was up 8.3 percent on a year-over-year basis to $695.7 billion. Eight of 16 nonresidential construction subsectors experienced monthly spending growth in March and twelve are up on a year-ago basis.  

Nonresidential Spending Slip in February No Cause for Alarm

Nonresidential construction spending dipped in February, falling 1.4 percent on a monthly basis according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Spending in the nonresidential sector totaled $690.3 billion on a seasonally adjusted, annualized basis in February. While this represents a step back from January’s figure of $700.3 billion (revised down from $701.9 billion), it is still 1.5 percent higher than the level of spending registered in December 2015 and 10.1 percent higher than February 2015.  

Nonresidential Spending Regains Momentum in January

Nonresidential construction spending crested the $700 billion mark on a seasonally adjusted annualized basis in January for the first time since March 2009, according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential construction spending expanded 2.5 percent on a monthly basis and 12.3 percent on a yearly basis, totaling $701.9 billion. The Census Bureau upwardly revised December’s estimate from $681.2 billion to $684.5 billion, though they downgraded November’s figure from $683.7 to $680.5 million. Private nonresidential construction spending increased by 1 percent for the month, while its public counterpart expanded by 4.6 percent.

Nonresidential Spending Regains Momentum in January

Nonresidential construction spending crested the $700 billion mark on a seasonally adjusted annualized basis in January for the first time since March 2009, according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential construction spending expanded 2.5 percent on a monthly basis and 12.3 percent on a yearly basis, totaling $701.9 billion. The Census Bureau upwardly revised December’s estimate from $681.2 billion to $684.5 billion, though they downgraded November’s figure from $683.7 to $680.5 million. Private nonresidential construction spending increased by 1 percent for the month, while its public counterpart expanded by 4.6 percent.

Nonresidential Spending Falls Again in December

WASHINGTON, D.C. Feb. 1—Nonresidential construction spending dipped for a second consecutive month, falling 0.4 percent on a monthly basis in December, according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential construction spending totaled $681.2 billion on a seasonally adjusted, annualized basis. November’s nonresidential construction spending estimate was revised lower by 0.6 percent to $683.7 billion. 

Nonresidential Construction Spending Slips in November; Ominous Indications in Census Bureau Report

WASHINGTON, D.C., Jan. 4- Nonresidential construction spending dipped by 0.8 percent in November, totaling $688.1 billion on a seasonally adjusted, annualized basis, according to analysis of  U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). This represents the worst monthly performance since April 2015. Moreover, October’s spending estimate was revised downward from $701.8 billion to $693.7 billion and September’s estimate was revised downward from $695 billion to $691.5 billion.

Construction Industry Leads November Jobs Report

Construction employment expanded by 46,000 net new jobs in November after adding 34,000 jobs in October (revised upward by 3,000), according to an analysis of today’s employment release from the U.S. Department of Labor provided by Associated Builders and Contractors Chief Economist Anirban Basu..  Nonresidential construction employment increased by 9,300 jobs in November after adding 19,400 jobs during the prior month (revised downward from 20,100). The residential construction sector added 32,100 positions in November after adding just 8,500 jobs in October.

Nonresidential Spending Retains Momentum in October

WASHINGTON, D.C., Dec. 1- Nonresidential construction spending expanded in October for the third consecutive month (September’s estimate was revised higher than August’s) according to analysis of   U.S. Census Bureau data released by Associated Builders and Contractors (ABC) today.  Nonresidential construction spending totaled $701.8 billion in October on a seasonally adjusted annualized rate, a 1 percent increase on a monthly basis and an 11 percent increase on a yearly basis.