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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, as well as state-by-state construction unemployment estimates.

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. ABC construction economic releases are published according to this schedule 



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From the category archives: Construction Economics

Construction Economics

Construction Materials Prices Expand Again in February

Friday, March 14, 2014 12:52 PM
Construction materials prices expanded 0.7 percent in February and are up 0.6 percent over the past year, according to the March 14 producer price index release by the Department of Labor.  More specifically, nonresidential construction materials prices are up 0.7 percent for the month and are 0.4 percent higher than the same time one year ago. 
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Nonresidential Construction Gains a Handful of Jobs in February

Friday, March 7, 2014 2:45 PM
The U.S. nonresidential construction industry gained just 400 jobs in February, according to the March 7 employment report by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). The construction industry as a whole added only 15,000 jobs for the month, with the vast majority of new jobs coming from residential construction. The construction unemployment rate expanded to 12.8 percent in February from 12.3 percent in January (non-seasonally adjusted). 
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Nonresidential Construction Spending Still Frozen in January

Monday, March 3, 2014 1:19 PM
Nonresidential construction spending declined for the second consecutive month, falling 0.3 percent in January, but is up 6.5 percent over the past year, according to a March 3 release by the U.S. Census Bureau. Spending for the month totaled $578.7 billion on a seasonally adjusted, annualized basis.
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CBI Hits Post-Recession High

Tuesday, February 25, 2014 12:24 PM
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, CBI is 3.9 percent higher—up from 8 months at the end of 2012.  
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Construction Materials More Volatile in January

Wednesday, February 19, 2014 11:21 AM
Construction materials prices expanded 0.6 percent in January and are up 1.5 percent year over year, according to the Feb. 19 producer price index released by the Department of Labor.  More specifically, nonresidential construction materials prices are up 0.5 percent for the month and are 1 percent higher than the same time one year ago. Read the rest of entry »

Nonresidential Construction Gains Jobs in January

Friday, February 7, 2014 2:13 PM
The construction industry gained 48,000 jobs in January, according to the Feb. 7 employment report by the U.S. Department of Labor (DOL). Nonresidential construction gained 21,000 jobs, representing a significant rebound from the 14,100 jobs lost by the segment in December. Nonresidential construction accounted for 47.7 percent of January’s total construction industry job gain and 28.1 percent of the construction industry job gain in the past year.
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Nonresidential Construction Spending Falls in December

Monday, February 3, 2014 1:54 PM
December represented the end of a three-month winning streak for nonresidential spending growth. According to a Feb. 3 release by the U.S. Census Bureau, nonresidential construction spending fell 1.3 percent on a monthly basis and 1.1 percent on a yearly basis in December. Spending for the month totaled $573.07 billion on a seasonally adjusted, annualized basis.
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Nonresidential Fixed Investment Expanded 3.8 Percent During Fourth Quarter of 2013

Thursday, January 30, 2014 11:20 AM
Nonresidential fixed investment expanded 3.8 percent while residential fixed investment fell 9.8 percent during the fourth quarter of 2013, according to a Jan. 30 release by the Bureau of Economic Analysis. Overall, real gross domestic product (GDP) expanded 3.2 percent following a 4.1 percent increase in the third quarter.
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Construction Materials Prices Rise Only 0.1 Percent in December

Wednesday, January 15, 2014 10:31 AM
Construction materials prices expanded just 0.1 percent in December and are up 1.3 percent year over year, according to a Jan. 15 Producer Price Index released by the Department of Labor. Nonresidential construction materials prices also rose only 0.1 percent for the month and are 1 percent higher than the same time one year ago. 
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Nonresidential Construction Employment Declines in December

Friday, January 10, 2014 12:17 PM
National construction employment decreased by 16,000 jobs in December, according to a Jan. 10 report by the U.S. Department of Labor.  Nonresidential construction registered the bulk of job losses, contributing 88.1 percent of total construction industry job loss and losing 14,100 positions on a monthly basis.  
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