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From the category archives: Construction Economics
Construction Economics
Thursday, April 18, 2019 9:55 AM
WASHINGTON, April 18—Construction industry leaders remained confident regarding nonresidential construction prospects in February 2019, according to the latest Construction Confidence Index released by Associated Builders and Contractors today.
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Tuesday, April 16, 2019 9:26 AM
WASHINGTON, April 16—Associated Builders and Contractors reported today that its Construction Backlog Indicator expanded to 8.8 months in February 2019, up 0.7 months or 8.2% from January 2019, when the backlog dipped to 8.1 months.
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Thursday, April 11, 2019 11:02 AM
WASHINGTON, April 11—Construction input prices rose 1.7% in March on a monthly basis, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data released today. On a year-over-year basis, construction input prices are up 2.5%, and following a stretch of four consecutive months of input price decreases, March was the second straight month prices have risen in the aggregate. Inputs to nonresidential construction also increased 1.7% on a monthly basis and are up 3.2% compared to one year ago.
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Friday, April 5, 2019 11:42 AM
WASHINGTON, April 5—The construction industry added 16,000 net new jobs in March, according to an Associated Builders and Contractors analysis of data from the Bureau of Labor Statistics today. On a year-over-year basis, industry employment is up 246,000 jobs, representing a 3.4% increase. Nonresidential employment added 3,200 net new jobs last month, with the bulk of growth among nonresidential specialty contractors, which added 5,500 net new jobs. Heavy and civil engineering added 600 jobs, while the nonresidential building category lost 2,900 positions.
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Wednesday, April 3, 2019 9:30 AM
WASHINGTON, April 3—Estimated February not seasonally adjusted construction unemployment rates fell nationally and in 46 states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors.
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Monday, April 1, 2019 12:13 PM
WASHINGTON, April 1—According to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today, national nonresidential construction spending rose 1.2 percent in February. Seasonally adjusted nonresidential spending totaled $773.8 billion, a 4.8 percent increase over the same time last year.
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Thursday, March 21, 2019 9:37 AM
WASHINGTON, March 19—Construction industry leaders remained confident regarding the nonresidential construction sector’s prospects during the January 2019, according to the latest Construction Confidence Index released today by Associated Builders and Contractors., March 19—Construction industry leaders remained confident regarding the nonresidential construction sector’s prospects during the January 2019, according to the latest Construction Confidence Index released today by Associated Builders and Contractors.
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Wednesday, March 20, 2019 9:20 AM
WASHINGTON, March 20—Estimated January not seasonally adjusted construction unemployment rates fell nationally and in 48 states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors.
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Monday, March 18, 2019 8:13 PM
WASHINGTON, March 19—Associated Builders and Contractors reported today that its Construction Backlog Indicator contracted to 8.1 months during January 2019, down 0.8 months or 9.3 percent compared to 8.9 months in the fourth quarter of 2018.
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Wednesday, March 13, 2019 12:43 PM
WASHINGTON, March 13—According to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data released today, construction input prices rose 0.9 percent monthly in February and 1.8 percent in the past 12 months. Inputs to nonresidential construction were up 1 percent monthly and 2.7 percent on a yearly basis. This is the first time that input prices have risen since October 2018, when prices increased by 0.5 percent.
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