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ABC issues news releases on the latest workforce, policy and industry issues, as well as construction-related economic data and trends. Commercial and industrial construction economic analyses include federal data on construction spending, employment, GDP and the Producer Price Index. Please note, ABC's news releases on state construction unemployment have been temporarily paused. 

In addition, ABC produces the Construction Backlog Indicator, the only economic indicator that reflects the amount of work that will be performed by commercial and industrial construction contractors in the months ahead, and the Construction Confidence Index, a diffusion index that signals construction contractors’ expectations for sales, profit margins and staffing levels. Methodology for both indicators can be found hereABC construction economic releases are published according to this schedule 

For media inquiries, please contact Erika Walter, ABC’s director of media relations at ewalter@abc.org or (202)905-2104 

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From the category archives: Construction Economics

Construction Economics

Monthly Construction Input Prices Surge 2.5% in January, Says ABC

Wednesday, February 17, 2021 9:35 AM

WASHINGTON, Feb. 17—Construction input prices increased 2.5% in January 2021 compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices rose 2.1% for the month.

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Construction Backlog and Contractor Optimism Rise to Start 2021, According to ABC Member Survey

Tuesday, February 9, 2021 9:58 AM

WASHINGTON, Feb.9—Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 7.5 months in January 2021, an increase of 0.2 months from its December 2020 reading, according to an ABC member survey conducted from Jan. 20 to Feb. 2. Despite the monthly uptick, backlog is 0.9 months lower than in January 2020.

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Nonresidential Construction Loses Jobs in January, Says ABC

Friday, February 5, 2021 10:43 AM

WASHINGTON, Feb. 5—The construction industry lost 3,000 jobs on net in January 2021, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. During the last nine months, the industry has added 857,000 jobs, recovering 77% of the jobs lost during earlier pandemic stages.

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While State Construction Unemployment Rates End Poorly in 2020, Industry Continues to Perform Better Than Other Sectors Nationally, Says ABC

Thursday, February 4, 2021 9:44 AM

WASHINGTON, Feb. 4—As the nation struggles with the economic effects from the COVID-19 pandemic, construction employment continues to perform better than many other occupational groups, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. In December 2020, on a year-over-year basis, not seasonally adjusted construction unemployment rates rose nationally and in 48 states, and national NSA construction employment was down 125,000 from December 2019. However, national construction employment was only 3% below its pre-pandemic peak in February 2020 on a seasonally adjusted basis.

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Nonresidential Construction Spending Dips Nearly 1% in December, Deepening a Monthslong Slump, Says ABC

Monday, February 1, 2021 11:44 AM

WASHINGTON, Feb. 1—National nonresidential construction spending declined 0.8% in December 2020, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $790.2 billion for the month, 4.8% lower than in December 2019 but 3.8% higher than in December 2018.

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Investment in Nonresidential Structures Up a Meager 3% in Final Quarter of 2020, Says ABC

Thursday, January 28, 2021 9:12 AM

WASHINGTON, Jan. 28The U.S. economy expanded at an annualized 4.0% rate in the fourth quarter of 2020 as the nation’s recovery from last spring’s economic devastation continued. Nonresidential investment in structures increased at a 3.0% annualized rate in the fourth quarter.

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Monthly Construction Input Prices Increase in December, Says ABC

Friday, January 15, 2021 9:51 AM

Construction input prices increased 1.8% in December 2020 compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices rose 2.1% for the month.

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Contractor Optimism Improves as ABC’s Construction Backlog Inches Up in December

Tuesday, January 12, 2021 10:00 AM

Associated Builders and Contractors reported today that its Construction Backlog Indicator rebounded modestly to 7.3 months in December, an increase of 0.1 months from November’s reading, according to an ABC member survey conducted from Dec. 18 to Jan. 5. Backlog is 1.5 months lower than in December 2019.

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A Bright Spot in Today’s Jobs Report: Nonresidential Construction Adds Jobs in December, Says ABC

Friday, January 8, 2021 10:36 AM

The construction industry added 51,000 net new jobs in December, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. During the last eight months, the industry has added 857,000 jobs, recovering 79.1% of the jobs lost during the earlier stages of the pandemic.

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ABC's 2021 Construction Economic Forecast: Recovery Shape Forms a 'W,' Recession Threat Remains

Tuesday, December 15, 2020 1:13 PM

Associated Builders and Contractors' Chief Economist Anirban Basu forecasts a recession threat for the construction sector next year, but has illuminated some potential economic bright spots, such as e-commerce and Class B office space, according to a 2021 economic outlook published in Construction Executive magazine.

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