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From the category archives: Construction Economics
Construction Economics
Tuesday, July 13, 2021 9:50 AM
WASHINGTON, July 13—Associated Builders and Contractors reports today that its Construction Backlog Indicator rose to 8.5 months in June, according to an ABC member survey conducted June 20-July 6, 0.5 months higher than in May 2021 and 0.4 months higher than in June 2020.
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Friday, July 2, 2021 9:49 AM
WASHINGTON, July 2—The construction industry lost 7,000 jobs on net in June, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Despite that setback, the industry has recovered 875,000 (78.6%) of the jobs lost during the earlier stages of the pandemic.
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Thursday, May 13, 2021 9:53 AM
WASHINGTON, May 13—Construction input prices increased 1.3% in April 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 increased 1.6% for the month.
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Friday, May 7, 2021 10:17 AM
WASHINGTON, May 7—Construction industry employment remained unchanged in April, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Over the last year, the industry has added 917,000 jobs, recovering 82.4% of the jobs lost during the first months of the COVID-19 pandemic.
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Thursday, April 29, 2021 9:11 AM
WASHINGTON, April 29—The U.S. economy expanded at a 6.4% annualized rate during the first quarter of 2021; however, investment in nonresidential structures declined at a 4.8% rate for the quarter, according to analysis conducted by Associated Builders and Contractors of data released today by the Bureau of Economic Analysis.
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Tuesday, April 13, 2021 9:50 AM
WASHINGTON, April 13—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 7.8 months in March, according to an ABC member survey conducted from March 22 to April 5, a decrease of 0.4 months from both the February 2021 and March 2020 readings.
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Friday, April 9, 2021 10:25 AM
WASHINGTON, April 9—Construction input prices rose 3.5% in March 2021, 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 also increased 3.5% for the month.
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Thursday, April 1, 2021 11:33 AM
WASHINGTON, April 1—National nonresidential construction spending declined 1.3% in February, 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 $789.5 billion for the month.
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Tuesday, March 23, 2021 4:25 PM
WASHINGTON, March 23—In 2021, construction companies will need to hire 430,000 more workers than they employed in 2020, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. The analysis also revealed that every $1 billion in extra construction spending generates an average of at least 5,700 construction jobs.
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Tuesday, March 9, 2021 9:50 AM
WASHINGTON, March 9- Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 8.2 months in February, according to an ABC member survey conducted from Feb. 22 to March 3. This is up 0.7 months from January’s reading, but is still 0.7 months lower than in February 2020.
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