Tag Archives: Associated Builders and Contractors

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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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 Backlog Indicator Hits Post-Recession High






Associated Builders and Contractors’ (ABC) Construction Backlog Indicator (CBI) hit a post-recession high in the fourth quarter of 2013, growing from 8.2 months to 8.3 months (1.3 percent). Compared to a year ago, the CBI is 3.9 percent higher—up from … Continue reading




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Nonresidential Construction Employment Declines in December






National construction employment decreased by 16,000 jobs in December, according to a January 10 report by the U.S. Department of Labor. Nonresidential construction saw the bulk of job losses, contributing 88.1 percent of total construction industry job loss and losing … Continue reading




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