Tag Archives: Anirban Basu

Spending in Nonresidential Construction Cools Off in August

Nonresidential construction spending saw a dip in August, according to recently released data from the U.S. Census Bureau. Nonresidential construction spending shrank 1.2 percent on a monthly basis in August, though it has still managed to expand 6 percent year-over-year. … Continue reading

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Construction Spending Gets Big Boost in July

Nonresidential construction spending expanded strongly in July, growing 2.5 percent on a monthly basis and spiking 8.6 percent on a year-over-year basis, according to the U.S. Census Bureau. Spending for the month totaled $617.8 billion on a seasonally adjusted, annualized … 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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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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Nonresidential Construction Jobs Decrease in May While Industry as Whole Sees Gains

While the U.S. construction industry gained 6,000 jobs from April to May, nonresidential construction segments lost 500 jobs, according to an employment report by the U.S. Department of Labor (DOL). “Coming into [Friday’s] release, the nonresidential construction industry was expected … 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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Nation’s Construction Industry Adds 13,000 Jobs in June

The nation’s construction industry unemployment rate dipped to its lowest rate in nearly six years following the addition of 13,000 jobs in June, according to the latest report by the Department of Labor. The boost in job numbers was the … Continue reading

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Nonresidential Construction Spending Inches up 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 … Continue reading

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