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From the monthly archives: August 2012
We are pleased to present below all posts archived in 'August 2012'. If you still can't find what you are looking for, try using the search box.
Tuesday, August 21, 2012 11:42 AM
WASHINGTON, D.C. – Associated Builders and Contractors (ABC) today released its newest construction economic measure, the Construction Confidence Index (CCI). The CCI reflects three aspects of the U.S. nonresidential construction industry – sales prospects, staffing levels, and profit margins. During the second quarter of 2012, all three indices declined, undoing much of the first quarter’s progress and indicating that nonresidential construction momentum is waning. However, index values remain above 50, indicating ongoing expectations of construction spending growth.
- Sales expectations fell from 68.3 to 62.3
- Profit margins fell from 57.9 to 53.5
- Staffing levels fell from 64.3 to 59.8
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Tuesday, August 14, 2012 2:40 PM
Associated Builders and Contractors (ABC) today reports its Construction Backlog Indicator (CBI) rose 4.3 percent in the second quarter of 2012 after declining the two previous quarters. Despite the quarterly expansion, CBI is 0.3 months, or 4.2 percent below the second quarter of 2011. CBI is a forward-looking economic indicator that measures the amount of construction work under contract to be completed in the future.
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Monday, August 13, 2012 11:34 AM
Washington, D.C. – Associated Builders and Contractors (ABC) today issued the following statement after Republican presidential candidate Mitt Romney announced U.S. House Rep. Paul Ryan (R-Wis.) as his running mate. ABC endorsed Mitt Romney for president during its Feb. 22 Board of Directors meeting.
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Wednesday, August 1, 2012 2:51 PM
“Nonresidential construction spending in June was roughly in accordance with expectations,” said Associated Builders and Contractors (ABC) Chief Economist Anirban Basu. “The volume of spending was virtually unchanged for the month, reflecting an economy that is growing slowly, but with an insufficient level of confidence to produce significant numbers of new construction starts.
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