Tag Archives: ABC

ABC’s Backlog Indicator Again Reaches All-Time High

While the backlog in construction was strong in the second quarter, it was even more robust in the third, according to the Associated Builders and Contractors (ABC). ABC’s Construction Backlog Indicator (CBI) reached a new all-time high during the third … Continue reading

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Spending in Nonresidential Construction Dips

Nonresidential construction spending slipped 1 percent in September but has still expanded 4.2 percent on a year-over-year basis, according to the U.S. Census Bureau. Spending for the month totaled $596.1 billion on a seasonally adjusted, annualized basis. “September’s drop in … Continue reading

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Contributions from Construction Industry Tint Red this Election Cycle

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Citizens throughout the United States are taking to the polls today for the 2014 midterm elections, and the construction industry is keeping its collective eye on the results. Among those interested are the industry’s top contributors to candidates, parties and … Continue reading

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Prices for Construction Materials Dip Slightly in September

Construction materials prices inched down 0.1 in September but are up 1.6 percent compared to the same time last year, according to the U.S. Department of Labor’s Producer Price Index. Prices for inputs to construction industries have remained unchanged from … Continue reading

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Construction Backlog Spikes in Second Quarter, Poised to Continue Rise

The Associated Builders and Contractors (ABC) Construction Backlog Indicator (CBI) reached an all-time high in the second quarter of 2014. The CBI improved 5.4 percent following a 2.8 percent decline in the first quarter and currently stands at 8.5—up 3.6 … Continue reading

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Prognosis Positive for Commercial Market

Economic forecasters cite several positive indicators for the commercial market, among them is the fact that prices in commercial properties are improving as compared to house prices which unfortunately are not improving at the same rate. Additionally, the Architectural Billing … Continue reading

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Mid-Year Housing Report: Regional Differences Still Exist and Employment Plays Key Role

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How is the housing recovery faring? Well it depends on where you live as major discrepancies still exist in different markets. Slow income growth is also prohibiting home purchases, while “part of the slow recovery has to do with slow … Continue reading

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GDP Rebounds in Second Quarter with 4 Percent Increase

Nonresidential fixed investment expanded 5.5 percent and residential fixed investment expanded 7.5 percent during the second quarter of 2014, according to a July 30 release by the Bureau of Economic Analysis. Overall, real gross domestic product (GDP) increased 4 percent … Continue reading

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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 September 13 Producer Price Index released by the Department of Labor. In addition, nonresidential construction materials increased 0.5 percent for … Continue reading

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