Tag Archives: Associated Builders and Contractors

Construction Employment Mostly Positive in November

The U.S. construction industry added 20,000 jobs in November, a quarter of which came in the nonresidential sector, according to the Bureau of Labor Statistics. October’s overall construction estimate was revised downward from 12,000 to 7,000 net new jobs, and … Continue reading

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October Nonresidential Construction Bounces Back

Nonresidential construction spending rebounded in October, increasing 1 percent on a monthly basis and 4.3 percent year-over-year, according to the U.S. Census Bureau. Spending for the month totaled $611.8 billion—up from September’s figure, which was revised to $605.8 billion from … Continue reading

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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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Nonresidential Numbers ‘Disappointing’ in October Construction Employment Report

Nonresidential construction employment slipped in October, as the sector lost 1,900 jobs on a monthly basis. However the U.S. construction industry as a whole added 12,000 jobs in the month, according to the Bureau of Labor Statistics (BLS). Meanwhile, September’s … 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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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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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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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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